Booming Fish & Chip Shop in Prime Hexham Location For Sale due to Retirement
Hexham, Northumberland
- Status
FOR SALE
- Date Submitted:
24/11/21
- Advert ID
286559
- Reference
0235 / Rightbiz
- Call Agent:
- Asking Price: £250,000
- Turnover: £350,000 (£6,731 Per week)
- Net Profit: £220,000 (63% Profit margin)
Key Features
- Town Centre location
- Company for Sale
- Established Business
- Prime Location
- High Turnover
- Retirement Sale
- New Lease
- Accounts Available
- Close to Local Amenities
Business Details
Booming Fish & Chip Shop in Prime Hexham Location For Sale due to Retirement
A long established and highly successful Fish & Chip Shop Business for sale in Hexham due to the owners retirement.
Current Turnover – Around £350,000
Gross Profit - Around £220,000
Stock & Equipment Included – Approximately £2000 worth of food stock. The range of equipment includes a 3-pan Preston & Thomas fryer, Large peeler, Chipper, Cooler, Filter machine, Dishwasher, Hob, Hot water dispenser, Fridge freezer, Two Freezers, Counter & Till, Service lift and Emergency fire shutter. Menu board and Cafe Tables & Chairs.
This long-standing business has been successfully run by the current owners since 1982, having been bought from the founding owners who established in 1939.
The business is very busy and demonstrates impressive accounts figures and a healthy profit. There is no advertising outlay due to the length established and high level of loyal and regular customers derived from the local residents and businesses, as well as the high volume of footfall and passing traffic due to the close proximity to popular tourist attractions, regular markets and high street shopping.
Currently net trading profit is in the region of £164,000.
Due to the confidentiality of the sale and before any further information is provided, prospective buyers will be required to sign a non-disclosure agreement.
Guide Price – We have been instructed to offer the sale with a guide as follows:
• Business - OIRO £250,000
Both parties pay their own legal expenses.
Subject to Contract.
Contact Agent
Listing Statistics
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Stay Safe
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.
Stay Safe
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.
Be safe, use a Rightbiz Solicitor
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