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Traditional Fish & Chip Shop Oldham

Oldham, Manchester
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Traditional Fish & Chip Shop - OldhamTraditional Fish & Chip Shop - OldhamTraditional Fish & Chip Shop - OldhamTraditional Fish & Chip Shop - OldhamTraditional Fish & Chip Shop - Oldham
  • Leasehold: £149,995
  • Turnover: £114,916 £2,210 Per week
  • Net Profit: Not Applicable

Business Details

    Prominent Shopping Parade Location

    Accounts Available Year End 31st March 2021

    Annual Turnover £114,916 (Covid Affected)

    Gross Profit £61,415

    Accounts Available After Viewing

    New Lease To Be Negotiated

    Established 2004

    Seating For 22

    Five Star Food Hygiene Rating

    Well Presented

    Fully Equipped

    Turnkey Proposition

    Could Accommodate Any Cuisine

    Scope To Expand Menu

    Potential For Introduction Of Deliveries

    Scope For Further Social Media Use

    EPC - C

Description:
REF 7641 – Leasehold Traditional Fish & Chip Shop
Blacks Business Brokers are pleased to bring to the market this leasehold traditional fish & chip shop located in Royton, Oldham.

INTRODUCTION
The Village Chippy was established in this busy area of Royton in 2004 with our client taking ownership in 2006. The business offers a traditional range of freshly prepared fish & chips, pies, sausages and so on and it is very well known in this area with a strong base of regular customers in place. Due to this excellent trading position, the business also benefits from a huge amount of passing trade. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Yell.

LOCATION
The Village Chippy occupies a prominent and central trading position in the centre of Royton. The area is densely populated commercially with a range of both independent retailers and large multiples such as Lidl and The Coop. There are also a number of other local amenities nearby including schools, petrol stations and a Post Office. The area is well linked by the M62 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, 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.

LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The lease will be negotiated with the landlord at a cost of £269 per week.

STAFF
The business operates with five part time staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS
The Village Chippy has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st March 2021show annual turnover of £114,916 and gross profit of £61,415. It should be noted that the turnover stated was affected by Covid-19 and previous years turnover is reflected in the accounts as significantly higher. Full financial information is available upon request.

BUSINESS RATES
The business has a rateable value of £5,500. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This long established business occupies an enviable trading position in a thriving area of Royton. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu options and longer opening hours. A delivery service could also prove beneficial as well as a strong online presence with new social media and marketing drive. 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.

Fixtures & Fittings:
3 Pan Marlins On Range
Rijo Coffee Machine
Bain Marie
Drinks Fridge
Commercial Stainless Steel Workbenches
Filter
Upright Freezer
Upright Fridge x 3
Hot Water Urn
Commercial Microwave
Salamander Grill
Tables
Chairs


Opening Hours:
MON - FRI: 09:00 - 18:30 SAT: 11:00 - 18:00 SUN: CLOSED


Weekly Rent:
£269 Per Week. Weekly Rent:
£269 Per Week.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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