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London's Eltham Fish & Chip Shop for Sale - 10+ Years Established, £80k Leasehold, £416k Turnover

Eltham, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    07/06/23

  • Advert ID

    514516

  • Leasehold: £80,000
  • Rent: £20,000
  • Turnover: £416,000 (£8,000 Per week)
  • Net Profit: Not Applicable

Key Features

  • Established Business
  • Prime Location
  • With Car Park
  • Free of Tie Leasehold

Business Details

Established Fish and chips shop for sale in London

An established Fish & Chip Shop is for sale in Eltham, London. The business has been in existence for more than 10 years, and the current owner has been in charge for two years. The leasehold price stands at £80,000, and the business boasts a current turnover of £416,000. The seller is open to accepting the nearest offer. The establishment benefits from little or no local competition.

Included in the sale are all the fixtures and fittings. The turnover has been on the rise over the past year, presenting additional growth opportunities. There is potential to convert the storage room upstairs into a 1-bed accommodation. The reason for selling is the owner's upcoming relocation abroad. 

Operating hours are from 12 pm to 10:30 pm seven days a week, with Sunday hours being 3 pm to 9 pm. The business has three employees on staff. Partnerships with delivery platforms UberEats, Deliveroo, and JustEat have also been established. The current owner is willing to offer training opportunities to the new owners.

This is an excellent opportunity to take over an established business in a prime location. The shop also comes with a car park and a free-of-tie leasehold. For complete details about this business, please contact the seller.

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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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