Freehold Fish And Chip Shop With Accommodation Hinckley Leicestershire | | Hinckley Leicestershire | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving fish and chip shop based in Leicestershire which has been established since 1970. The business has been in the hands of the current owner since 2008 and he now wishes | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69744
ADVERT IMPRESSIONS : 8,679 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fish & Chips Shops | | SALE: | Agent Sale | ASKING PRICE: | £380000 | FREEHOLD: | £380000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | 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 £130,000 with a net profit of £50,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner has family issues.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a sole trader.
- An excellent investment opportunity
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a traditional fish and chips service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving fish and chip shop based in Leicestershire which has been established since 1970. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to family reasons.
Services
This very good business opportunity provides a traditional fish and chips service.
Staffing
The concern employs one part time and one full time member of staff and the wages are £20,000 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 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 later closing and opening all afternoon.
• Increasing the product line to include pizzas and a home delivery service.
• Becoming more efficient with staffing levels.
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
This property consists of a retail fish and chips outlet with a quality front and full serve over range. There is a preparation area as well as a spudding area and staff facilities. There is also a cold room.
First Floor
On the first floor there is a 3 bed room flat with the usual amenities.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £35,000.
Financial Details
The present annual turnover is £130,000 with a gross profit of 70% and a net profit of £50,000. The wages are £20,000 pa. The present value of the stock is £1,500.
The potential turnover of the business within the next 2 years is forecast to reach £200,000 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 Sunday: 11.30 am – 2 pm and 4.30 pm – 11 pm
Tenure
The business is Freehold and the rates are £7,000 pa.
Viewings
The owners are available for viewings at any time by prior arrangement. | | | | | | FOR SALE | | | | | REFERENCE: | 2394 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
