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Fish and Chip Shop for Sale in Lincolnshire with Living Space Above

Gainsborough, Lincolnshire
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Freehold fish & chip shop with flat, central Gainsborough Photo 1
Freehold fish & chip shop with flat, central Gainsborough Photo 2
Freehold fish & chip shop with flat, central Gainsborough Photo 3
Freehold fish & chip shop with flat, central Gainsborough Photo 4
Freehold fish & chip shop with flat, central Gainsborough Photo 5
Freehold fish & chip shop with flat, central Gainsborough Photo 6
Freehold fish & chip shop with flat, central Gainsborough Photo 7
Freehold fish & chip shop with flat, central Gainsborough Photo 8
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Freehold fish & chip shop with flat, central GainsboroughFreehold fish & chip shop with flat, central GainsboroughFreehold fish & chip shop with flat, central GainsboroughFreehold fish & chip shop with flat, central GainsboroughFreehold fish & chip shop with flat, central GainsboroughFreehold fish & chip shop with flat, central GainsboroughFreehold fish & chip shop with flat, central GainsboroughFreehold fish & chip shop with flat, central Gainsborough
  • Leasehold: £94,950
  • or
  • Freehold: £349,950
  • Turnover: £364,000 (£7,000 per week)
  • Profit: On request

Business Details

Freehold fish & chip shop with flat, central Gainsborough

Key features

  • £6,000–£7,000 weekly turnover from 5.5 days only
  • Freehold at £349,950 or new long lease at £94,950
  • Three-bedroom flat above producing c. £11,000 p.a. rent
  • Closed Sundays and Monday lunchtimes — clear seven-day upside
  • Central Gainsborough pitch on the A631/A159 junction

About this business

A purpose-built takeaway and delivery fish & chip shop in the heart of Gainsborough, taking £6,000 to £7,000 a week from just five-and-a-half days' trading with part-time staff. Offered freehold at £349,950 or on a new long lease at £94,950 — with the option to buy the freehold later once the business is established further. A self-contained three-bedroom flat above currently produces around £11,000 a year in rent, included with the freehold and optional with the lease.

Trading figures

The vendor runs the shop with part-time staff as a takeaway and delivery operation only, and reports weekly gross takings of around £6,000 to £7,000. The bulk comes from fish and chips, with kebabs, pizzas and other fast-food lines alongside. With Sundays and Monday lunchtimes currently closed, there is concrete headroom for an owner-operator willing to push the trading week out to seven days.

Trading hours

Currently trading 5.5 days a week: 11.30am – 2.00pm and 4.30pm – 10.00pm. Closed Sundays and Monday lunchtimes. Takeaway and delivery only. Well below normal hours for the format, leaving clear seven-day potential for a new operator.

Business premises

A traditional, purpose-built takeaway fish & chip shop with a bright exterior and a wide single-door entrance opening into a spacious, attractive sales area. A very wide service counter houses the main frying range together with an extensive array of other cooking facilities. Adjoining preparation and kitchen areas are extremely well fitted, equipped and maintained to a very good standard, with a glazed ceiling above bringing in continuous natural daylight. Stainless steel runs throughout — tables, shelving, storage and work/cutting surfaces. An internal garage gives access out to the rear service road via a shutter grille.

Trade equipment

Equipped to a standard well above what is typically found in a takeaway of this size — the list is extensive enough that prospective buyers are referred to the photographs to appreciate the full scope of what is included.

Accommodation

A spacious, fully self-contained flat sits above the business and is currently let out, producing a rental income of around £11,000 per annum, with an increase due shortly. The flat is included in the sale of the freehold and is available as an option alongside the new lease. The premises have not been internally inspected by the agent.

Trading position

Right in the centre of Gainsborough, a major and sought-after Lincolnshire town, on a busy main through-road at the junction of the A631 and A159 — both routes leading out towards a range of tourist attractions. The River Trent is a stone's throw away, and a large Tesco Superstore and McDonald's sit close by, anchoring footfall and passing trade.

Special remarks

A genuine, flexible opportunity: take the freehold premises with the three-bedroom flat above, or step in on the new long lease alone with the option to acquire the freehold later once you have grown the business. Either route hands the new owner a fully fitted, well-equipped chippy already turning £6,000 to £7,000 a week from limited hours, with obvious upside in opening Sundays and Monday lunchtimes and pushing the trading pattern closer to a full seven-day week.

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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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