Prime Location Fish and Chips Restaurant for Sale in Hornchurch, London
Hornchurch, London
- Status
SOLD / WITHDRAWN
- Date Submitted:
15/01/24
- Advert ID
605070
- Leasehold: £120,000
- Rent: £15,000
- Turnover: £234,000 (£4,500 Per week)
- Net Profit: On request
Key Features
- Town Centre location
- Prime Location
- Split Level Trading Area
- Fully Fitted
- Accounts Available
- Close to Local Amenities
- Attractive Business
- Potential for Alternative Use
- With Car Park
- Established Business
- Offers Invited
- Central Position in Affluent Village
- Free of Tie Leasehold
Business Details
Modern Fish and Chips Shop for sale in Hornchurch London
A state-of-the-art Fish and Chips restaurant is currently for sale in Hornchurch, London. This well-established business has been ours for the past 7 months. It is ideally located, sitting adjacent to the Underground station, on the main road, and amidst a bustling area of the city.
Already operating as a profitable venture with a current turnover of £234,000, it is now listed for a leasehold price of £120,000. Despite the substantial success, there is still substantial room for growth in this business. Regrettably, due to ill health, we could not explore these expansion opportunities and consequently, are being forced to sell. Please note that we are open to receiving offers, and the good news is there are no applicable business rates.
Unique from other players in the market, our shop has little to no local competition. The current menu strictly consists of Fish and Chips, providing ample potential to diversify by adding other delicacies. The sale comes with all the existing fixtures and fittings. There is a sizeable car parking available that can accommodate 6 spaces and the shop is air-conditioned.
Complementing our state-of-the-art status, we also have a top-quality Fish & Chip Range equipped with self-cleaning and self-filtering machine imported from the Netherlands. This version is worth £80,000.
Our operations are spread across two floors, with the kitchen, office, and storage distributed conveniently. The kitchen is on a separate floor and is connected with the rest of the shop through an elevator that leads right up to the range. A total of £250,000 was spent on setting up this business. This layout makes the day-to-day operations a lot smoother and more efficient.
Unfortunately, my father's ill health is forcing us towards this premature retirement sale. Currently, we operate from 12 pm to 9 pm, six days a week, excluding Sundays. However, there is a possibility to extend the opening hours should the new owners wish to do so. We have one part-time and one full-time employee who are well trained and efficient.
In the digital front, a functional company website is already in place and we have partnerships with popular food delivery platforms like UberEats and Just Eat. Additionally, we are willing to offer training opportunities to the new owners to ensure a smooth transition. Accounting details for the shop are also readily available.
For complete details about this promising business, please contact us as soon as possible.
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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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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.'.
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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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