Fish and Chip Shop in Isle of Wight with rental accommodation available
Shanklin, Isle of Wight
- Status
FOR SALE
- Advert ID
644155
- Reference
12186 / Rightbiz
- Call Agent:
- Turnover: £201,000 (£3,865 per week)
- Profit: Not Applicable
Business Details
Fish and Chip Shop in Isle of Wight
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TAKINGS: We have been informed by the Seller that the NET AUDITED SALES OF £201,000 FOR YEAR ENDED NOVEMBER 2024, TRADING OVER A 48 WEEK PERIOD. About £4,200 per week on average from just 20 hours frying which are amazingly not increased during peak trading. No reason why takings should not increase greatly with introduction of a home delivery service, normal trading hours and larger selection of hot food selling lines from the present limited menu.
TENURE: Offered Freehold inclusive of the Fish & Chips Shop and compact fully self-contained vacant accommodation with potential to let at £650 per month.
TRADING HOURS: As already indicated this Chippy only opens 6 days a week from Monday to Saturday 5.00 pm to 8:00 pm. Amazingly these hours remain the same throughout the year and not even increased during the summer months when the area is flooded with thousands of holiday makers.
ACCOMMODATION: Self-contained accommodation above comprising of large bedroom, lounge, kitchen and bathroom. If not require for own use has the potential to be rented out for about £650 per month.
BUSINESS PREMISES: Following a fire 3 years ago the business has since been completely refurbished throughout the whole of the premises and inclusive of brand new items of equipment inclusive of a new £35,000 frying range. Boldly built on prominent corner plot with fully glazed single shop frontage. Good size sales area with full width service counter holding range together with the frying area being fully equipped. Quality styled with attractive fully tiled walls and industrial covered flooring. Rear purpose built working and preparation facilities further enhances this chippy.
EQUIPMENT: Following a fire 3 years ago, this business was completely refurbished inclusive of all equipment which is headed by modern £35,000 Mallinson counter frying range plus excellent selection of fridges & freezers, 2 microwave ovens, overhead extraction, chippy, peeler plus selection of trade utensils.
TRADING POSITION: Prominently located on bold corner plot within bustling district and very close to the coast. Surrounding area has a high population of residents although during season the area is visited by 10's of thousands of holiday makers and visitors to the area plus huge selection of caravan parks in close proximity.
SPECIAL REMARKS: Owners of this excellent Fish & Chip Shop are reluctantly looking to sell to relocate back to the Kent to be with their family. No reason why this Fish & Chip Shop could not boost present sale considerably if open for normal hours, add to the menu and start a home delivery service. Keenly priced Freehold opportunity, especially for a newcomer or trade builder who would immediately recognise the amazing further potential. Regular all year round trading 48 weeks a year over very easy hours. REDUCED TO ENCOURAGE A QUICK SALE
PRICE: £210,000 FREEHOLD
PERSONALLY INSPECTED BY SOLE SELLING AGENTS
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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.
Stay Safe
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.
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.
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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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