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SOLD OR WITHDRAWN FROM THE MARKET
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Freehold Fish & Chip Restaurant & Takeaway & Investment Property

Newquay, Cornwall
Freehold Price:
£1,250,000
Leasehold Price:
£175,000
Find more details, or book a viewing:
Status
SOLD / WITHDRAWN
Advert ID
213682
Reference
1052 / Rightbiz

Details

Freehold Fish & Chip Takeaway & Restaurant, Sandwich Bar & Investment Property Located In Newquay For Sale                           Licensed                                                                                                                                                                                                  Ref 1052

Location 
This outstanding and well respected fish & chip shop business is situated on Cliff Road which is one of the main through roads in and out of Newquay town centre. Its positioned next door to Aldi supermarket, and immediately opposite the towns Railway Station and Asda supermarket. Newquay is one of the nation's favourite seaside towns, exudes the laid back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort - all wrapped up in the most fantastic coastal scenery. 


Business information
Freehold £1,250,000 plus SAV to include
Fish & Chip business turnover: £211,746
Sandwich Bar Business turnover: £70k pa
Tenanted commercial unit with £11,000 pa rental income
4 Apartments with £31,080 pa rental income 
Stock: £2,000

Business Description 
Veritas Business Sales are delighted to offer for sale this superb fish & chip shop & restaurant business which is located in Newquay. The business was established in 2006 by its current owners and is reluctantly being offered for sale so that they can enjoy a well deserved retirement.                                                                                                   Since ownership they have undertaken total refurbishment and have continually invested in new equipment, along with fixtures and fittings which are all brought and paid for and included within the sale price which means any new purchaser will not have to spend any additional funds for some time.                                                                                                                                                                                                    The business has an annual turnover of £211,746 on just 10 months trading as the shop closes for January and February. The business is currently owner operated and assisted by 3 full time and several part time members of staff. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade and of course is heavily reliant on the many visiting tourists. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed. 

Opening Hours
Monday – Sunday – Midday –2.30pm -- 4.30pm –8.30pm
Summer  Midday – 8.30pm

Ground Floor
Fish & Chip Shop comprising:
Henry Nuttal 4 pan range with 2 chip boxes
4 pot wet bain marie
Turbo fan oven
Espresso coffee machine
Extractor canopy
2 Epos tills
Under counter fridges & freezers
Griddle
Commercial microwave x 2
Drinks chiller
Upper level restaurant area with seating for 20
Serve-over  dessert display chiller
Customer W/C with wash basin

Stockroom with 2 x chest freezers

Prep room with a selection of fridges & freezers, sink drainer, wash basin and fully equipped potato chipping area

External
Rear yard with fantastic views over looking Great Western beach and additional seating for 36

THE FLATS (all with panoramic sea views)
FLAT 1 (Rental income £695 PCM)
Accessed independently from the other apartments and comprises a large living room with kitchen and dining area, 1 double bedroom, 1 single bedroom, bathroom and balcony enjoying stunning views across Great Western beach and the surrounding coastline.

FLAT 2 (RENT £695 PCM)
Which has a large open plan living room/kitchen/dining area, 2 double bedrooms and a bathroom. 

FLAT 3 THE PENTHOUSE (RENT £650 PCM)
A stunning apartment, with a large living room/dining room/ kitchen, 3 double bedrooms, shower and bathroom, cloakroom and spacious balcony  

 
FLAT 4 (RENT £550 PCM)
1 double bedroom with living room/kitchen and bathroom.

 



 

Seller Details
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Listing Details
Freehold Price: £1,250,000
Leasehold Price: £175,000
Tenure: Freehold
Tenure: Leasehold
Sector: Fish And Chips Shops, Take Aways Businesses, Investment Properties
Financials
Annual Turnover: £323,826
Annual Net Profit: Available upon request
Key Features
  • Retirement Sale
  • Attractive Business
  • Established Business
  • Fully Fitted
  • Adjacent to Multiple Retailers
  • Prime Location
  • Town Centre location
  • Accounts Available
  • With Accommodation
  • Close to Local Amenities
Location Statistics
What's nearbyi:
Draymans Cottage (approx. 0 mile)
Cornwall Bespoke Furniture (approx. 0 mile)
Old Faithful Barber (approx. 0 mile)
Great Western Hotel (approx. 0.1 mile)
Trenance Holiday Park (approx. 0.4 mile)
Priory Lodge (approx. 0.5 mile)
Hotel Sunnyside (approx. 0.5 mile)
NewquayCaravan2a (approx. 0.5 mile)
MOR Lodge (approx. 0.5 mile)
The Bishops C of E Learning Academy (approx. 0.6 mile)
Listing Statistics
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