Established Fish & Chips Shop with Growth Potential in South Shields Tyne and Wear
South Shields, Tyne and Wear
- Status
FOR SALE
- Advert ID
623355
- Leasehold: Price on Application
- Rent: £14,000 (£1,167 per month)
- Turnover: £280,000 (£5,385 per week)
- Profit: On request
Key Features
- With Car Park
- Offers Invited
- Price Reduced
- Fully Fitted
Business Details
Fish & chips shop
Asking price is 90k however we can negotiate the price and payment plan is available if you needed too .
Located in a prime town center location in South Shields ne346rb Tyne and Wear, this established fish and chip shop presents a compelling business opportunity. Despite challenges with staffing that have currently limited operating hours from 4 PM to 10:30 PM, the business still demonstrates significant potential for growth. Last year, weekly earnings exceeded £9,000, illustrating the profitability of this busy location.
The business has been operational for 10 years, with the current owner in place for the last 8 years. Key benefits include a leasehold opportunity with an annual rent of £14,000, and all fixtures and fittings included in the sale price. This also encompasses all current stock, providing a seamless transition for a new owner.
Currently, the business has an impressive annual turnover of £250,000. The sale price is available upon request, and offers are invited, reflecting a recent price reduction.
This fish and chip shop is fully fitted and offers additional convenience with available parking. With a new lease, this is an ideal chance for a prospective buyer to acquire a well-established business in a bustling location.
Asking price is 90k however we can negotiate the price and payment plan is available if you needed too .
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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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