Thriving Traditional Fish And Chip Shop Price Reduced | | Sutton Surrey | | Phoenix Business Agents are delighted to place onto the market this thriving Fish and Chip shop which has been established since 2005. The business has been in the hands of the current owner since 2006 and now wishes to sell due to heath reason | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61436
ADVERT IMPRESSIONS : 6,486 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fish & Chips Shops | | SALE: | Agent Sale | ASKING PRICE: | £155,000 | LEASEHOLD: | £155,000 | ANNUAL RENT: | £35,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the High street area of Sutton.
- Prominent location on main arterial road.
- Part of a parade of shops and part of the main shopping centre.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the central London by both road and rail.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £330,000 with a high net profit. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for couple.
- Business enjoys superb local reputation.
- The concern provides traditional Fish and Chips both take away and restaurant.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving Fish and Chip shop which has been established since 2005. The business has been in the hands of the current owner since 2006 and now wishes to sell due to heath reasons.
Services
This very good business opportunity provides a traditional Fish and Chip Takeaway and Restaurant.
Staffing
The concern employs 7 part time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of local and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include morning and later evenings and Sunday.
• Increasing the product line to include chicken pizza and Kebabs.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• With an enhanced website.
• There is a license in place to open late evenings to supply the night trade. (Thursday, Friday, Saturday till 4 am.)
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
PROPERTY DETAILS
The property is terraced and is part of a parade of shops in the main shopping area. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled with a large seating area. It is a very well presented and is very conveniently laid out.
The restaurant has 36 covers. There is an overhead menu. There are customer toilets.
To the rear there is a store room/preparation area and staff facilities and a kitchen area and office.
EXTERNAL
To the front there is room for 6 tables.
To the rear there is a small yard area and a back entrance.
EQUIPMENT WITH SALE
All fixtures and fittings and equipment are included in the sale price and are valued at £60,000.
FINANCIAL DETAILS
The present annual turnover is £338,000 with a gross profit of 80%. The wages are £500 per week. The present value of the stock is £2000.
The potential turnover of the business within the next 2 years is forecast to reach £500,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
TRADING HOURS
Monday to Saturday 11 to 8
Sunday closed
TENURE
The original length of the lease was 15 years with 8 years remaining. The rent is £35,000 pa with a review in 5 years. The rates are £10,000.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £175,000
Ref: 2062
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 2062 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
