Thriving Leasehold Fish And Chips With Accommodation | | Melton Mowbray Leicestershire | | Phoenix Business Agents are delighted to place onto the market this thriving leasehold fish and chips business in Leicestershire which has been established since 1991. The business has been in the hands of the current owner since 2002. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64679
ADVERT IMPRESSIONS : 11,089 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Kebab Shops | | SALE: | Agent Sale | ASKING PRICE: | £250000 | LEASEHOLD: | £250000 | ANNUAL RENT: | £10000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in Ashfordby area of Melton Mowbray in Leicestershire.
- Prominent location on main arterial road.
- Part of a local area of shops.
- Excellent free parking facilities next door.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- 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 £200,000 pa with a net profit of £50,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner wishes to retire.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or a sole trader.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides traditional fish and chips as well as kebabs.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving leasehold fish and chips business in Leicestershire which has been established since 1991. The business has been in the hands of the current owner since 2002 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides traditional fish and chips as well as kebabs.
Staffing
The concern employs 5 staff and the wages are £25,000 pa.
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 locals, regulars 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 late nights and afternoons.
• Increasing the product line to include a more varied menu and home delivery.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
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 and is approximately 50 ft x 50 ft. The front is branded with an attractive glass frontage and a double unit. The main customer service area is tiled with a customer service counter and a range and a further and separate kebab servery with a double kebab machine. There are 12 covers to the front of the shop for eat in. The rear kitchen is fully equipped and includes the chipping area and is fully equipped. There is also a single toilet. Outside there is storage shed which contains potato sacks and an outside side entrance leading to the car park.
First Floor
On the first floor there is a large 2 bed room flat with a lounge, kitchen and bathroom. This has a rental value of £550 per month.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £40,000.
Financial Details
The present annual turnover is £200,000 with a gross profit of 60% and a net profit of £50,000. The wages are £25,000 pa. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £300,000 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: 5 pm – 10 pm
Tuesday to Saturday: Noon - 2 pm and 5 pm – 10 pm
Sunday: Closed
Tenure
The original length of the lease will be 15 years with a rent of £10,000 pa with a review in 3 years. 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: £250,000
Ref: 2200
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: | 2200 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
