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Renowned Fish & Chip Shop For Sale on Cambuslang Main Street, South Lanarkshire

Cambuslang, South Lanarkshire
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Long established and reputable fish & chip shop on Cambuslang Main Street Photo 1
Long established and reputable fish & chip shop on Cambuslang Main Street Photo 2
Long established and reputable fish & chip shop on Cambuslang Main Street Photo 3
Long established and reputable fish & chip shop on Cambuslang Main Street Photo 4
Long established and reputable fish & chip shop on Cambuslang Main Street Photo 5
Long established and reputable fish & chip shop on Cambuslang Main Street Photo 6
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Long established and reputable fish & chip shop on Cambuslang Main StreetLong established and reputable fish & chip shop on Cambuslang Main StreetLong established and reputable fish & chip shop on Cambuslang Main StreetLong established and reputable fish & chip shop on Cambuslang Main StreetLong established and reputable fish & chip shop on Cambuslang Main StreetLong established and reputable fish & chip shop on Cambuslang Main Street
  • Status

    FOR SALE

  • Date Submitted:

    04/05/22

  • Advert ID

    294730

  • Reference

    Night Star / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £55,000
  • Rent: £15,000
  • Turnover: On request
  • Net Profit: On request

Business Details

Long established and reputable fish & chip shop on Cambuslang Main Street

Night Star

48 Main Street, Cambuslang, G72 7EP

·                     Long established fish & chip shop. Same owners since 1994

·                     Prominent town centre trading position within busy retail parade

·                     Surrounding operators include Wetherspoons, Costa, Dominos, Boots & Subway

·                     Within busy residential area & commercial area

·                     Currently trading limited hours due to semi-retirement

·                     Strong historic levels of turnover and profits

·                     Huge growth potential for a new owner operator

LOCATION

The subjects benefit from a prime trading position on the southern side of Main Street within the sizeable town of Cambuslang, which lies on the south-eastern outskirts of Glasgow.  Main Street forms part of the A724, an extremely well-travelled road linking the town with the city of Glasgow (5 miles) as well as the towns of Rutherglen, Blantyre and Hamilton.  The large town of East Kilbride is also only 3.5 miles away.

Cambuslang has a population of approximately 30,000 people which is growing all the time with new residential developments but also forms part of the Greater Glasgow conurbation with a population of approximately 1 million residents.

The Main Street benefits from a good tenant mix of local and national operators, as well as pubs and restaurants ensuring high levels of passing traffic and footfall throughout the day and evening.  Surrounding operators include JD Wetherspoons, The Sefton Bar, Cheers, Costa Coffee, Boots pharmacy, Dominos, Energie Fitness and Subway to name a few.

THE PROPERTY

The subjects comprise part ground floor of this 2-storey, traditional, terraced property which forms part of a retail parade, under a pitched tiled roof.

DESCRIPTION

The subjects are entered directly from Main Street via a door positioned to the right-hand side of the large display frontage with prominent back-lit signage above.

Internally the subjects comprise a traditional style fish & chip shop and have been well designed and fitted.  The large counter/servery runs the full length of the retail area on the left-hand side and incorporate a 3-pan Preston & Thomas frying range, a large serve over chill display cabinet, and a 7-pan ice cream display freezer.

To the rear of the counter there is a range of equipment including twin deck pizza oven, a vertical kebab/gyros grill, 4-pan bain marie, microwave, 2 ring hob, as well as a drinks fridge, stainless steel fridge and the till system.

 ANCILLARY AREAS

The subjects benefit from a large back shop area which provides ample room for potato storage and preparation and is home to the peeler & chipper machines as well as chip basin, sinks etc.  This area is home to a stainless-steel fish fridge and a chest freezer.

There is a staff toilet as well as a rear door to the bin store and a rear yard/garden area.

THE BUSINESS

The Night Star has been owned and operated by our clients since 1994, although has been trading for even longer, and is therefore long established and something of a local institution.

The business trades as a traditional fish & chip shop, selling all the products you would expect such as fish/chicken/sausage/pudding/haggis suppers etc as well as freshly cooked pizzas and kebabs.  They also sell soft scoop Crolla’s ice cream and a selection of soft drinks.

The business enjoys a great reputation for its food, with strong online reviews, and has a loyal and regular customer base derived from local residents as well as from the surrounding towns.  The business also benefits from the many nearby businesses and offices, as well as from the high levels of passing traffic.

The current owners are selling as they look to fully retire, and in the last couple of years have been semi-retired, running the business very much to suit themselves, closing on a Monday/Tuesday and only opening 4pm-10pm the other 5 days.

There is huge potential for a new owner operator to increase the hours back to normal levels, opening 7 days, lunchtimes, as well as evenings which they have never done, to take advantage of the surrounding pubs and late-night trade.  Our clients have also never used any of the online delivery platforms, so this is another huge area of growth potential.

FIXTURES & FITTINGS

We have been advised that all trade fixtures and fittings are owned outright and are free from any hire purchase or lease agreements.

TRADING INFORMATION

Accounting information to the year ending 30th September 2019, which was the last full year of ‘normal trading hours’ shows a turnover of £196,946 net of vat, producing a gross profit of £109,316 (55%) and an adjusted net profit of circa £60,000 (pre rent).

Full accounting information can be provided to interested parties only after formally viewing the business.

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Particulars / More Information

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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.

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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.

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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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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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The data showed regarding this advert 'Long established and reputable fish & chip shop on Cambuslang Main Street - Night Star / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.