6927 / Rightbiz
Leasehold Price: £134,950
Annual Turnover: £127,438
Annual Net Profit: £25,544
- Prominent Town Centre Location
- Annual Turnover £127,438
- Gross Profit £69,555
- Further Financial Info Available After Viewing
- Established 1979
- Ill Health Forces Sale
- Free Parking
- Two Bedroom Accommodation
- Potential For Rental Income
- Scope To Develop Menu
- Potential For Deliveries
- Scope For Longer Opening Hours
- Could Accommodate Any Cuisine
- EPC – D
REF 6927 – Leasehold Fish & Chip Shop With Accommodation
Blacks Business Brokers are pleased to bring to the market this leasehold fish and chip shop with accommodation located within the Gornalwood area of Dudley, West Midlands.
Village Fisheries was established in 1979 and our client has been in ownership since 1989. The business has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent shopping parade trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. The business does not currently have a website or social media presence in place.
Village Fisheries occupies a shopping parade trading position in a busy area of the town centre. The area is densely populated commercially with neighbouring businesses including eateries, independent retailers and large multiples such as Spar and Sainsbury’s Local. There are a number of schools and other local amenities close by. Dudley is well linked by the M5 and A449 with strong public transport links and parking is available immediately outside.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but sadly due to ill health, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
A new lease will be fully negotiated with our client, it will run at a cost of £360 per week.
The business operates with four members of staff in employment supporting our client working on a full time basis.
Village Fisheries has traded solidly since opening and our client has established a strong customer base. We are advised that the business currently has annual turnover of £127,438 with gross profits of £69,555. It is to be noted that the business is currently operating on limited hours to suit the needs of our client’s life – there is much scope and demand to expand these hours and days.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This long established fish and chip shop with accommodation offers a new owner a range of opportunities from full owner-occupier status to full or part sub let of the business and/or property. There is plenty of scope to develop the business further with the introduction of a delivery service along with the implementation of a website with ordering service and the potential for longer opening hours and days. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
BUILDING LAYOUT AND DESIGN
Village Fisheries operates from the ground floor of a two storey, mid-terraced property. The business has clear branding and signage on display above a fully glazed frontage. Inside, there is a main servery and waiting area fitted with electronic menu boards and tiled flooring. The servery has display ovens built in with preparation area behind. To the rear of this is a commercial kitchen with range, double kebab machine, fridges, freezers, chipper and much more.
The first floor comprises of two double bedrooms, lounge, kitchen and bathroom. This could be occupied by a new owner or sub let – this could generate around £500 per calendar month in rental income.
Fixtures & Fittings:
3 Pan Range x 2
Double Kebab Machine x 2
Microwave x 2
Chest Freezer x 2
Walk In Fridge
MON - THURS: 12:00 - 14:30 / 16:15 - 22:30FRI & SAT: 12:00 - 22:30SUN: CLOSED
£360 Per Week. Weekly Rent:
£360 Per Week.
Location: Dudley, West Midlands
Sector: Fish And Chips Shops
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