Thriving Fish And Chip Shop With Living Accommodation Price Reduced | | Sutton Suffolk | | Phoenix Business Agents are delighted to place onto the market this thriving restaurant and takeaway which has been established since 1995. The business has been in the hands of the current owner since 2003 and now wishes to sell due to movin | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 62424
ADVERT IMPRESSIONS : 8,409 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fish & Chips Shops | | SALE: | Agent Sale | ASKING PRICE: | £145,000 | LEASEHOLD: | £145,000 | ANNUAL RENT: | £15,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in very busy area of Sutton.
- Prominent location on main arterial road.
- Part of a parade of shops which is part of the main shopping centre
- Excellent parking facilities.
- 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 central London by both Rail and road.
- 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 £234,000 with a gross profit of £200,000. (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 or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides fish and chips kebabs takeaway and licensed restaurant together with home delivery
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving restaurant and takeaway which has been established since 1995. The business has been in the hands of the current owner since 2003 and now wishes to sell due to moving away.
Services
This very good business opportunity provides Fish and Chips, Kebabs etc, Restaurant and Home delivery.
Staffing
The concern employs 6 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
As far as competition is concerned there is another similar business close by.
Market
The client base consists of locals passing and some commercial work.
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.
• 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.
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. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled. It is very well presented and is very conveniently laid out.
The café/ restaurant have 18 covers. There is an overhead menu. There are customer toilets.
To the rear is a store room and a prep area.
FIRST FLOOR
On the first floor there is a 2 Bedroom Flat with separate entrance, Living room, Kitchen, Bathroom and Toilet which have all been refurbished.
EXTERNAL
To the rear is a large gated yard with full CCTV.
EQUIPMENT WITH SALE
All fixtures and fittings and equipment are included in the sale price and are valued at £30,000.
This includes a 4 Pan Preston Thomas Range, Kebab Machines, 2 large fridge displays, Peelers, Chippers and many other items all in very good condition.
FINANCIAL DETAILS
The present annual turnover is £234,000 with a gross profit of 88%. The present value of the stock is £10,000.
The potential turnover of the business within the next 2 years is forecast to reach £350,000 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 11
Sunday 4 to 10
TENURE
The original length of the lease was 20 years with 18 years remaining. The rent is £15,000 pa with a review in 5 years. The rates are £4800.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £165,000
Ref: 2123
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: | 2123 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
