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Well Situated Fish And Chip Shop Business

Woking, Surrey
Leasehold Price:
£149,950
Status
FOR SALE
Advert ID
247793
Reference
B05478 / Rightbiz
Business
Hilton Smythe are delighted to present to the market Sea Salt Fish and Chips, an impeccably presented business which underwent a complete transformation in the last year which included new equipment and decoration throughout.

The decision to now sell is genuinely driven by poor health reasons which is preventing our client further developing this much-loved community business.

The ‘Turnkey’ business also comes with the bonus of having a separate spacious 2 bedroomed owners accommodation arranged on the first floor (available on a separate lease agreement).

Our clients experience of this industry is clear to see in the arrangement of the equipment and preparation areas and we rarely see a Fish and Chips business of this standard come into the open market in this affluent area, so strongly recommend early viewing to avoid disappointment.

The business is driven by walk in customers wanting a traditional Fish and Chips menu with 80% of sales taken from fish orders. Our client advises any new owner would benefit from

increasing the types of fish including offering a grilled fish menu.

Our client uses one of the best fish suppliers which sources its fish from Hull/ Grimsby.

The current menu includes -

Cod, Haddock, Plaice, Huss, Scampi, Cod Roe, Lemon Sole, Fish Cakes and Cod Bites

Sausage, Battered Sausages and Saveloys

Pies, Burgers, Kebabs, Side Orders

Stuffed Mozzarella balls, smoked cheddar balls and oak smoked cheddar balls

chicken Nuggets, wraps, and Wings

Kids meals, chicken feats deals, lunchtime offers and senior citizen meal deals

Due to the health of our client, currently no deliveries are taken, adding any of the well-known delivery partners such as Just Eat would easily increase sales by a further 40%.

Increasing the fried chicken menu as well as adding pizzas would increase sales as well as extending the current opening hours including opening Sunday’s.

Any new buyer would benefit from adding a new website, social media presence and adopting some new local advertising to the many new homes being built. Adding a corporate / business customer base could quickly increase the outside catering opportunity currently not being used.



Location
Sea Salt Fish and Chips is located centrally in the High Street in Ripley, Surrey.

The shop is well positioned on the busy parade of shops which include other independent restaurants and bars, pharmacy, post office, busy Co-op, local, parish council interior design shops and estate agents.

Ripley is an affluent village located just off the A3 near the RHS gardens at Wisley in Surrey. 

A highly desirable village overlooking the Green dating back to the Norman Times which attracts a healthy mix of retired people, professional people commuting to London as well as those looking to enjoy one of the many places to visit.

There are 2 very good schools - Ripley Church of England Primary and Ripley Court School.

There are 500 new homes been built within 5 mins from the shop including 32 luxury homes currently been built on the same road.

There is free parking on the neighbouring streets as well as large off-road car park within 2 mins walk from the shop, also free.

The main bus stop for the area is conveniently located just outside the shop.



Premises
Premises is circa 82 sqm.

Ground Floor;

  • Customer waiting area with chairs and tables, feature wall to the right and clear menus arranged over the main counter.
  • Service area (fully tilted to floor and walls) 3 x pan ‘Preston & Thomas’ range, Oil filtering machine, stainless steel prep table, fixed stainless steel counter, hand wash sink, glass fronted steam heated display cabinet, storage shelving, Epos till system and card machine, glass fronted drinks fridge.
Centre service area;

  • Included extraction unit, kebab machine, griddle, upright freezer, stainless steel prep table, microwave, stainless steel prep fridge, 2 x pan Bain Marie, chicken fryer.
  • Small dry storeroom.
Side Hallway area;

  • Stainless steel fish fridge, small staff kitchen area, stainless steel prep table, double sink prep unit, walk in freezer, storage racking.
Rear Prep area;

  • designated chipping area with integrated drainage, chipper and peeler.
  • Staff toilet.
  • Side access.
  • 1st Floor (owners’ accommodation, available with the business but rented on separate lease agreement).
  • Large Living room, dining area and kitchen.
  • Large family bathroom.
  • 2 x double bedrooms.
External;

  • Small side yard used for bin storage.


Tenure
We are advised the business is being sold as a Leasehold with 11 years remaining on a 15-year Renewable lease paying just £20,000 per year.

The first-floor flat is arranged on a separate lease agreement paying just £9,600 per year.

The business benefits from full small business relief paying 0 rates in the current year.



Hours
The business hours are run to suit the health of our client

MONDAY TO THURSDAY - 11:30- 2:00 and 4:30-9:30

FRIDAY & SATURDAY - 11:30 - 2:00 and 4:30 - 10:00

SUNDAY - Closed



Staff
The business is run and managed by our clients with the help of 1 other member of staff only.



Financial Profile
The business will generate an annual Turnover 2018/2019 of around £260,000, Gross profit of £160,000 and an adjusted net profit of approx £75,000. There are around £65,000 of equipment to be included in the sale.



Seller Details
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Listing Details
Leasehold Price: £149,950
Tenure: Leasehold
Location: Woking, Surrey
Sector: Fish And Chips Shops, Take Aways Businesses
Financials
Annual Turnover: £260,000
Location Statistics
What's nearbyi:
Global Tint Woking (approx. 0 mile)
Top Pets (approx. 0 mile)
D'Lights Event Catering (approx. 0 mile)
Evans Cycles (approx. 0 mile)
Pizza Hut Delivery (approx. 0 mile)
The Money Shop (approx. 0 mile)
Steve Keywoods Personal Training (approx. 0 mile)
AP Roofing (approx. 0 mile)
Western Union (approx. 0 mile)
Nationwide (approx. 0.2 mile)
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