Long Established Chip Shop Southampton
Southampton, Hampshire
- Status
FOR SALE
- Date Submitted:
03/12/21
- Advert ID
287075
- Reference
H23155 / Rightbiz
- Call Agent:
- Leasehold: £47,500 (Stock at valuation)
- Rent: £10,000
- Turnover: N/A
- Net Profit: On request
Key Features
- Price Reduced
- Established Business
- Fully Fitted
Business Details
Long Established Chip Shop Southampton
Goadsby Commercial present long established fish & chip shop fronting busy main road. Located amidst area of dense residential housing and diagonally opposite retail park. In current husband & wife ownership for 33 years. Fully fitted and equipped spacious fish & chip shop. Includes car parking for 2 vehicles.
LOCATION
Located within 0.1 miles of Wickes, Halfords, Pure Gym and Pets At Home. Southampton General Hospital approx. 0.6 miles. Within 3 miles of West Quay Shopping Centre.
SUMMARY OF ACCOMMODATION
Fish & Chip Shop. Waiting Area. Kitchen. Wet Room. Staff Cloakroom.
DESCRIPTION
Into Fish & Chip Shop with non slip floor, tiled walls, 5 chairs, 2 pan fish and chip shop range, extraction system, non slip floor, kebab rotisserie, toaster, backlit price menu display board, shelving, worktop surfaces, stainless steel table, electronic cash register, seat. Through into Kitchen with non slip floor, wash hand basin, hot water heater over, extensive extraction system, Tandoori oven, 6 burner gas range with oven under, worktop surfaces, wall and base units, stainless steel table, 2 potato chippers, double deep bowl double drainer stainless steel sink unit, stainless steel table, 3 microwaves, 2 chest freezers, upright freezer, 2 upright fridges, wall and base units, kettle. Through door into Wet Room with non slip floor, 2 potato peelers, wall mounted gas boiler, door to outside rear. Staff Cloakroom with low level WC, wash hand basin. Outside To the front of the shop there is car parking for 2 vehicles. To the rear of the shop is a concrete storage area, delivery access and a shed.
TRADING & BUSINESS
The husband and wife owners inform us that they have operated the fish & chip shop together for 33 years and they believe that the premises have traded as a fish & chip for over 50 years. We are informed that the business currently operates on a low key basis to suit the current owners and it trades lunchtime from 11.30am until 2.00pm and evenings from 5.00pm until 9.00pm. We feel that there is huge potential to increase sales by advertising in the local area and online. This marketing should be targeted towards local residential housing, the General Hospital, Spire Hospital, University and local businesses. We are informed by the owners that the turnover in the year ending 2019 was approximately £37,000. We have not had sight of this accounting information.
TENURE
LEASEHOLD. The owners inform us that a new fully repairing and insuring lease will be made available with a 5 or 10 year term, at an annual rent of £10,200 per annum, exclusive. We have not had sight of this lease documentation.
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.
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