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Long Established Fish & Chip Shop Kettering

Kettering, Northamptonshire
Leasehold Price:
£34,950
Status
FOR SALE
Advert ID
247868
Reference
6897 / Rightbiz
    Established Over 50 Years

    Prominent Trading Position

    Accounts Available 31st March 2019

    Annual Turnover £42,423

    Gross Profit £28,404

    Full Financial Information Available After Viewing

    Retirement Sale

    Scope To Expand Menu

    Owner Operator

    Potential To Introduce Deliveries

    EPC - E

Description:
REF 6897 – Leasehold Fish & Chip Shop
Blacks Business Brokers are pleased to bring to the market this leasehold fish & chip shop located in a busy area of Kettering, Northamptonshire.

INTRODUCTION
Mill Road Chippy has been trading on Mill Road for over fifty years. Our client took ownership of the business in 2014 due to the superb trading position. The business is well known and has an excellent reputation in the area with a large base of regular customers and a number of good reviews noted on Google.

LOCATION
The business is located in a superb position surround by lots of residential housing. The area is well linked by the M1 and M6 motorways with good public transport links and free parking in the immediate area. This trading position brings a huge amount of local repeat custom.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our clients desire to retire the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a thirty year lease which began in 2008 at a cost of only £175 per week.

BUILDING LAYOUT AND DESIGN
Mill Road Chippy operates from a large single fronted property within a parade of houses. The business is well branded with large signage displayed outside. Inside, the customer servery and waiting area is spacious and nicely finished with large stainless steel counter fitted with display ovens and large electronic menu boards above. To the rear of the building is a preparation area along with a storage room and staff toilet. All areas are finished with good quality fixtures and fittings.

STAFF
The business is currently operating with just our client working on a full time basis.

FINANCIAL DETAILS
Mill Road Chippy has traded well during its impressive trading history. We are advised the business has annual turnover of £42,423 with gross profits of £28,404. Full financial details are available after viewing.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This leasehold business occupies a superb trading position in the heart of a residential housing estate and has a base of regular customers from the local area. There is plenty of scope to develop the business further with the expansion of the food menu, introduction of deliveries and a strong marketing drive. This proposition would ideally suit an owner operator or team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Fixtures & Fittings:
1 filing cabinet
1 desk
2 chairs
1 stool
1 metal shelf/table
2 freezer units
1 fridges
1 fridge freezer
1 ban marie
1 deep fat frying range (3 pan)
1 chippers
1 potato rumbler
1 microwaves
1 extractor fan unit
1 fire blanket
2 extinguisher



Weekly Rent:
£175 Per Week. Weekly Rent:
£175 Per Week.
Listing Details
Leasehold Price: £34,950
Tenure: Leasehold
Location: Kettering, Northamptonshire
Sector: Fish And Chips Shops
Financials
Annual Turnover: £42,423
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6897 / Rightbiz
Listing Statistics
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Find out more about the business by contacting the seller