Traditional Fish and Chip Shop in Thetford Norfolk Up for Sale Due to Owner's Retirement
Thetford, Norfolk
- Status
FOR SALE
- Date Submitted:
20/02/24
- Advert ID
607059
- Reference
B07853 / Rightbiz
- Call Agent:
- Leasehold: £184,995
- Turnover: £249,768 (£4,803 Per week)
- Net Profit: £44,675 (18% Profit margin)
Business Details
Traditional Fish And Chip Shop For Sale
BusinessPlease quote reference B07853
CoGoGo welcomes to the market Lil Gary's Plaice Ltd T/A Little Gary's Plaice, a highly rated Fish and Chip shop in Watton, Norfolk.
This traditional Fish and Chip shop was originally established by our client in 2005, building up an excellent reputation and regular customer base. As seen by the online ratings and reviews on Google, the business is well respected and extremely popular within the town.
Little Gary's Plaice has now come to the open market due to our clients desire to retire.
The business is the only traditional fish and chip shop in Watton, thriving on their customer service.
Key selling points -
- Well established
- Only traditional Fish and Chip shop in the area
- Excellent reputation
- Regular customer base
- Inside seating area
- Increase advertising and marketing
- Create a dedicated business website
- Extend trading hours
- Expand the menu/add a typical takeaway menu
- Introduce a delivery service via Uber Eats, Deliveroo or Just Eat
Location
Lil Gary's Plaice Ltd is located on High Street in Watton, Norfolk.
Due to its position on the main road, it receives regular levels of passing trade.
Premises
Ground floor -
- Entrance to the front of the shop
- Service counter area
- Seating area
- Office, kitchen, toilet and storeroom to the rear of the premises
- 2 Bedroom flat with a kitchen and bathroom
- Large yard
- Separate freezer shed
- Separate potato and dry goods shed
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 20 year lease (commencement date - 12th July 2019). The current rent is £13,900 per annum.
Hours
The current trading hours are -
Monday - Closed
Tuesday to Thursday - 12:00pm - 1:30pm & 4:00pm - 7:30pm
Friday to Saturday - 12:00pm - 1:30pm & 4:00pm - 8:00pm
Sunday - Closed
Staff
We are advised that the business has 6 members of staff.
Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £250,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
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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