Fish and Chip Shop in Lincolnshire

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TAKINGS: The Gross Yearly Audited Turnover to December 2023 was in excess of £320,000 and/or about £6,150 per week. Due to Vendors present health issues keeping him away from the business, the present inflated wage bill of some £72,000 incorporates the additional Staffing. Present management & staff controlled. All takeaway sales with excellent potential to introduce a much sought after delivery service and introduction of normal trading hours must surely increase present trading.

TENURE: We understand that a new Lease is available to a new tenant at terms to be negotiated direct with the Landlord. The current rent is only £11,100 per annum from June 2025 and increasing to £11,460 the following year. 

TRADING HOURS: Trading from Monday to Thursday 11:30 am to 1:30 pm & 4:30 pm to 8:00 pm latest. Friday and Saturday from 11:30 am to 2:00 pm & 4:30 pm to 8:30 pm latest.

ACCOMMODATION: There is NO ACCOMMODATION included with this business.

BUSINESS PREMISES: Traditional purpose built olde worlde Fish & Chip shop with double frontage and overhead signage having central door leads into compact older styled sales shop with small bar stool seating for 4. Shop divided off by full width service counter incorporating the Halifax 3 pan split counter frying range with partly tiled walls and flooring throughout. Adjacent door from enclosed frying area leads out to the purpose built fish & potato preparation facilities. Also incorporated is a private office and large dry stock room with access to more outhouses. Large unkept garden also included with some extra shed storage areas. As indicated the premises are clean and tidy although really require a good refurbishment to bring it into the 21st Century or perhaps modernising throughout. As will have further noted, the Asking Price more than allows for a lot of refurbishment which in truth must surely see the weekly takings increase considerably. 

EQUIPMENT: The equipment is of older styling although in good working order headed by a Frank Ford split 3 pan counter frying range with central service counter, fridges & freezers, bain-marie, pie display cabinet, glass door drinks fridge, cash register, microwave oven, stainless steel sinks & shelving, upright fish keeper, 56lb peeler and chipper.

TRADING POSITION: Located within the heart of this unopposed well known picturesque market town. Surrounding populated area secures all year round trading together with the many outlying catchment and village areas. Easy travelling distances to Lincoln Town, Market Rasen and Horncastle plus access to both the main A158 & A157 through routes. 

SPECIAL REMARKS: Rosen's would highlight that the realistic Asking Price is well below what a Fish & Chip Shop with Weekly Gross Takings of over £6,000 per week is worth. This is simply due to the business requiring some refurbishments and modernising throughout. The profitability has also been affected by the Vendor having to employ additional staffing as he no longer takes an active part in the business due to unforeseen health issues

PRICE: £99,500 LEASEHOLD

PERSONALLY INSPECTED BY SOLE SELLING AGENTS

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