Thriving Fish & Chip Shop Leicestershire | | Market Harborough Leicestershire | | Phoenix Business Agents are delighted to place onto the market this leasehold fish & chip shop in Market Harborough which has been established since 1960. The business has been in the hands of the current owner since 2003 and he now wishes. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 62177
ADVERT IMPRESSIONS : 10,301 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fish & Chips Shops | | SALE: | Agent Sale | ASKING PRICE: | £150000 | LEASEHOLD: | £150000 | ANNUAL RENT: | £12500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated just outside the market town of Market Harborough in Leicestershire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Well linked with the main road into the town centre.
- Leicester lies close by.
- Area enjoying much growth and regeneration.
- 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 favourable lease terms (see below).
- Turnover in excess of £175,000 with a net profit of £50,000 (see financial summary below).
- A business with great potential which has not been exploited because the owners wish to find another business.
- An easily run operation.
- A very good first time buyers business and ideal purchase for a couple.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a traditional fish & chip service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this leasehold fish & chip shop in Market Harborough which has been established since 1960. The business has been in the hands of the current owner since 2003 and he now wishes to sell due to personal reasons.
Services
This very good business opportunity provides a traditional fish & chip service.
Staffing
The concern employs 4 part time staff the wages are £15,000pa.
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
As far as competition is concerned there are 2 fish & chip shops along the high street.
Market
The client base consists of locals & 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 evening trade.
• Increasing the product line to include pizza & other take away products and start a delivery service.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
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, part of a parade of shops and is approximately 40ft x 25 ft. The front is branded with an attractive glass front. It is a large service counter upon entry. There is an overhead menu and the premises are very well equipped. The preparation area is in the basement with full staff facilities.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £25,000.
FINANCIAL DETAILS
The present annual turnover is £175,000 with a gross profit of 65% and a net profit of £50,000. The wages are £15,000. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £250,000 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 Friday 11.30am – 2.00pm then 4.30pm – 10.00pm
Saturday 11.30am – 2.00pm then 4.30pm – 9.00pm
TENURE
The original length of the lease was 10 years with 7 years remaining. The rent is £12,500 pa with a review in 2012. The lease may be renewable or negotiable for longer term if required.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £150,000
Ref: 2106
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: | 2106 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
