Chip Shop for Sale in Bangor Gwynedd - Cheryl's Chippie Available
Bangor, Gwynedd County
- Status
UNDER OFFER
- Advert ID
634827
- Reference
B08928 / Rightbiz
- Call Agent:
- Leasehold: £44,995
- Turnover: £80,000 (ÂŁ1,538 per week)
- Profit: £25,000 (32% Profit margin)
Business Details
Cheryl’s Chippie – Bangor’s Fry tastic Gem Now Up for Grabs!
BusinessPlease quote reference B08928
Are you ready to grab a golden opportunity? Cheryl's Chippie in Bangor is now on the market, and it's bubbling with potential!
Established over a decade ago and operated by the current owner since 2008, this beloved local favourite has a reputation for great food, warm service, and a strong local following.Â
With glowing TripAdvisor reviews and deep community roots, this is your chance to take over a fish and chop shop with history, heart, and heaps of potential.
Perfectly placed in the lively town of Bangor, North Wales, Cheryl’s Chippie sits at the heart of the community. Bangor is a bustling university town with a vibrant population and steady foot traffic, making it a prime spot for consistent trade. Whether you’re local or looking for a fresh start in a scenic spot, this one’s a catch!
This well-loved chip shop has been frying up smiles for over 14 years. Now, juggling a full-time job and the chippy, the owner has made the tough decision to pass the torch. It’s currently run with the help of his daughter and one additional staff member.
There’s exciting potential to grow the business further. Think extended hours, a big push on local delivery, and boosting online presence. With the current popularity and strong customer base, the only way is up!
Ready to reel in this gem of a business? Cheryl’s Chippie is waiting for someone with passion, energy, and a love for proper fish and chips. Dive in today—this one’s too good to miss!
Location
Cheryl’s Chippie of 47 Penrhyn Ave, Bangor LL57 1LS.
Premises
The shop operates from a leasehold premises with a very affordable rent of just £68 per week, which includes a handy one-bedroom flat above. It’s a simple, practical setup with all the essentials to continue operations seamlessly. Equipment and fixtures are valued at approximately £25,000, giving a solid base to build on.
Tenure
Leasehold with a 10-year term in place—offering security and flexibility to the next owner.
Hours
The current operating hours are:
Monday to Friday - 11:30 am to 1:30 pm & 4:30 pm to 7:30 pm
Saturday - 4:30 pm to 7:30 pm
Sunday - Closed
Staff
Staffed by the owner’s daughter and one other, this business runs lean and efficiently. A new owner could keep it family-run or bring in additional staff to scale.
Financial Profile
This business generated a turnover of ÂŁ80,000. Full financials can be made available upon request.
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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 ÂŁ1, 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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