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THIS BUSINESS IS NOW UNDER OFFER

Fish and Chip Shop in Great Location.

Newark on Trent, Nottinghamshire
Leasehold Price:
£29,995
Status
UNDER OFFER
Advert ID
245482
Reference
B05353 / Rightbiz

Details

Business
Hilton Smythe welcomes to the market the Winthorpe Fish Bar in Newark. The business has been operated by the current owner for just over a year in which time the vendor began to grow the business gaining an enviable reputation for quality and service but now due to family commitments this rare and exciting opportunity has now become available.

The business represents an excellent opportunity for either an established operator looking for an additional site or an individual or partnership looking for their first business venture which truly has huge growth potential with the added benefit of no surrounding competition and a local authority lease ( Newark & Sherwood City Council ) with very affordable annual rent and no business rates.

The business currently sells a range of all the Fish & Chip favourites including kebabs, burgers and panini toasties and prides itself on being Gluten Free which has proved very popular.

The business is currently trading limited hours and now has no delivery service so the opportunity for the new operator to grow the site very quickly is there with the current owner able to prove the site was going in the right direction before their personal circumstances changed.

The Winthorpe Fish Bar is a very attractive business opportunity with extremely low initial overheads with fantastic growth potential, with the benefit of over 2,000 surrounding dwellings and no other Fish & Chip shop in the vicinity this represents a golden turn-key business opportunity.



Location
Situated along Meering Avenue in Newark, Lincolnshire. The site is easily located just a short drive off the A46 Newark by-pass within a busy residential area and is easily accessible on foot and by all modes of transport with plenty of customer parking to the front and along the Avenue.

Premises
Ground floor trading location on the sought-after Meering Avenue, 2 x Pan burner 2 x Kebab Spits with stainless extractor over, stainless splash backs, stainless hot food storage units, Polar refrigerated salad counter with stainless storage compartments, Panini Toaster, Microwave oven all fridges and freezers, to the rear of the site is an additional kitchenette with Samsung oven and gas hob, stainless storage facilities, chipper machine and WC access out to the rear of the site were this a detached storage facility containing additional fridges and freezers. Customer and delivery driver parking to the front.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £3,468 per annum with over 13 years remaining on the current 15 Year lease.

Hours
The opening hours are currently 4.30pm to 9.00pm Monday to Thursday, 11.30am to 2.00pm & 4.30pm to 9.00pm Friday 11.30am to 2.00pm & 4.30pm to 9.00pm Saturday. The site is closed on Sunday.

Staff
The business is run and managed by the current vendor.

Financial Profile
We are advised the business is currently turning over in the region of £50,000 per annum trading hours to suit the current vendors circumstances. There are currently no business rates payable on the site.



Seller Details
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Listing Details
Leasehold Price: £29,995
Tenure: Leasehold
Location: Newark on Trent, Nottinghamshire
Sector: Fish And Chips Shops, Take Aways Businesses
Financials
Annual Turnover: £50,000
Location Statistics
What's nearbyi:
Venustas Clinic (approx. 0 mile)
Grover Lewis (approx. 0 mile)
College (approx. 0.1 mile)
The Progressive Food Company (approx. 0.1 mile)
College (approx. 0.1 mile)
Dragon City (approx. 0.4 mile)
Ann Et Vin Independent Wine Shop (approx. 0.4 mile)
Barker Maule & Co. (approx. 0.4 mile)
Danube Restaurant Outside Catering (approx. 0.4 mile)
Feeling Peckish (approx. 0.4 mile)
Listing Statistics
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