Fish And Chip Shop In Ilford Essex | | Ilford Essex | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving, extremely busy Fish and Chip Shop which has been established since 1984. The business has been in the hands of the current owner since 1987 and he now wishes to sell | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70592
ADVERT IMPRESSIONS : 11,852 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fish & Chips Shops | | SALE: | Agent Sale | ASKING PRICE: | £155000 | LEASEHOLD: | £155000 | ANNUAL RENT: | £16000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in Newbury Park area of Ilford in Essex.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of local community and business persons.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A2, A102, A12 and good railway links.
Business Details
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £83,200 pa with a net profit of £16,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving, extremely busy Fish and Chip Shop which has been established since 1984. The business has been in the hands of the current owner since 1987 and he now wishes to sell in order to spend more time with family.
Services
This very good business opportunity provides Fish and Chips, Chicken, Burgers, Kebabs, Savories and soft drinks.
Staffing
The concern employs 2 staff which are part time. They are paid at the rate of £6.50 per hour. The total wage bill is £21,600. All staff would stay on after a sale.
Owners Role
The owners’ role is working and managing the business and he works full time
Marketing
The owner markets the business in the local council poster scheme.
Competition
As far as competition is concerned there is none within the locality.
Market
The client base consists of local community and business persons with high level of 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 Sundays.
• 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 100ft x 14 ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is laminated with takeaway area and a long central service counter. It is very well presented and is very conveniently laid out.
The café/ restaurant has 16 covers which has never been used. There is an overhead menu. There are customer toilets.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £35,000.
External
To the rear is a small compact yard.
Financial Details
The present turnover is £83,200 per annum with a gross profit of £41,000 and a net profit of £16,000. The wages are £21,600. The present value of the stock is £1000.
The potential turnover of the business within the next 2 years is forecast to reach £109,000 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 – 11.30 – 22.00
Saturday – 11.30 – 22.00
Sunday - Closed
Tenure
The original length of the lease was 20 years with 20 years remaining. The rent is £16,000 pa with a review Tba. The lease may be renewable or negotiable for longer term if required. The rates are £1000. | | | | | | FOR SALE | | | | | REFERENCE: | 2422 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
