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Established Takeaway Business, Fish & Chip Shop & Off Licence in Wingate, County Durham

Wingate, County Durham
Status
FOR SALE
Advert ID
248382
Reference
5745 / Rightbiz
Freehold Price: £265,000
Leasehold Price: £75,000
Annual Turnover: £234,000
Annual Net Profit: £38,000

Excellent freehold opportunity to purchase a well established takeaway fish & chips, pizza, kebab shop with convenience and off licence business in County Durham. Located within a residential area and with a good reputation this a fantastic opportunity for a family operated business . 

Business

A profitable food business with good net profit this takeaway business  has been established and run by the same family since 1989. Well positioned in the village of Wingate, County Durham the shop is situated on the main street with parking to the front and side and has a large catchment area with good passing trade. 

Fixtures & fittings including all the equipment needed for the takeaway service including the 4 pan fryer unit, pizza oven and kebab skewer along with refrigeration chillers. This is an excellent freehold or leasehold opportunity for a couple or family wishing to take over a successful business and run it themselves.

Our clients are selling the business due to retirement.

Accommodation

A very well presented three storey property with a modern and newly refitted 5 room accommodation upstairs and available to purchase or rent. Please contact us for more information on the accommodation.

Shop Dimensions

Trading Area 36.2 m² (389.6 f²)
Stockroom Area 21.4 m² (230.3 f²)

Accommodation Dimensions

Lounge 31.2 m² ( 106.5f²)
Kitchen 17.5m² (78.5 f²)
Bathroom 8 m² (35.5 f²)
1st Bedroom 9.9 m² (106.5 f²)
2nd Bedroom 9.6 m² (103.3 f²) 
3rd Bedroom 13.8 m² ( 148.5f²)
4th Bedroom 17 m² (183 f²) 
Loft Room 34 m² ( 365.9f²)

Financial Information

Freehold Price 
£265,000

Leasehold Price
£75,000

Weekly Sales
£4,500

Business Annual Rent
£18,400

Accommodation Annual Rent
£5,400

Business Rates
Current rateable value £1,975
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value

Accounts Available
3 years

Annual Net Profit
£38,000

Gross Profit Margin
40-50%

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) Click here for more information

Further Details

Premises Licence
The premises has a licence to sell alcohol 

Employees
No employees

Stock Value Estimated
£10,000

Trading Hours
Monday – Friday 11:30 am – 1:30 pm; 5:00 pm – 11:00 pm
Sunday 6:00 pm – 11:00 pm

Key Features

• Freehold Opportunity

• Well presented 5 bedroom accommodation

• Well established take away business

• Off Licence, Delivery Service

• 3 storey property

Location

The property is located within a residential area in Wingate, County Durham with limited competition nearby.

Listing Details
Location: Wingate, County Durham
Sector: Take Aways Businesses, Fast Food Businesses, Fish And Chips Shops
Key Features
  • Attractive Business
  • Established Business
  • Accounts Available
  • Fully Fitted
Contact Agent
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Agent Name: Upgrade to view
Advert Reference: 5745 / Rightbiz

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