Fish and chip shop for sale in North Oxfordshire with 40 years of ownership
Banbury, Oxfordshire
- Status
FOR SALE
- Advert ID
655237
- Reference
OXO12489 / Rightbiz
- Call Agent:
- Leasehold: £250,000
- Turnover: £624,000 (£12,000 per week)
- Profit: Not Applicable
Business Details
Same owership 40 years, high turnover fish & chip shop in North Oxfordshire
Key features
- £12,000 weekly turnover with no late-night trading
- Genuine retirement sale after 40 years under same ownership
- New 20-year lease offered at £24,000 p.a. starting rent
- Fully tiled shop with Preston & Thomas 3-pan counter range
- Large catchment including town, station, and surrounding villages
About this business
Lucrative sales of £12,000 per week with no late night trading offering potential for additional openings. Attractive fully tiled shop incorporating a well organised frying/serving bay and adjoining preparation facilities. Our client will grant a new 20 years lease at stating rent of £24,000 per annum. Well established in sought after Oxfordshire town within a neighborhood that's heavily populated and has a good catchment area generating solid trading. Genuine retirement sale after 40 years of ownership.
Trading figures
We have been informed the current turnover is in the region of £12,000 per week closing 9.00 pm latest with some delivery sales via Just Eat.
Trading hours
Monday through to Thursday, 11.30 am to 2.00 pm and 4.00 pm to 9.00 pm.
Friday and Saturday, 11.30 am to 9.00 pm.
Good potential for additional opening which will be evident upon viewing.
Business premises
Well established shop having a small fully glazed shop front with wide single door access beneath a full width lit box fascia and additional signage. The well presented sales shop is attractively styled with tiled walls & flooring under a suspended illuminated ceiling, good menu display and is fronted by a 3 pan 'Preston & Thomas' counter range. The well organised frying/serving bay continues round to the cooking section that's fitted with a overhead extractor, backs directly onto the handy fully tiled preparation area incorporating potato works. NEAT AND TIDY EASY TO OPERATE UNIT.
Trade equipment
Good assortment of equipment to include a 3 pan 'Preston & Thomas' counter range, chipper, 56lb peeler, twin kebab machine, double door stainless steel fridge & freezer, digital till, 2 pot bain-marie, stainless steel fish keeper, microwave oven, griddle and preparation fridge. ( The above items have not been tested by Rosens ).
Full trade inventory will be provided prior to completion.
Trading position
Situated sought after area of northern Oxfordshire close to Warwickshire & Northamptonshire borders in excellent location facing busy main route to/from town centre, close to station, pub and other local amenities. The immediate neighborhood is heavily populated and there is a large catchment area including surrounding villages, which provide solid year round sales plus benefiting from good passing trade.
Special remarks
The seller established this unit 40 years ago from scratch and the shop has an excellent reputation and is very profitable having regular high turnover and is now offered for sale due to pending retirement. It would make a ideal purchase for experienced operator or two families who could share the responsibilities and reap the rewards. HIGHLY RECOMMENDED CONCERN THAT STILL HAS POTENTIAL TO EXPAND.
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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.
Be safe, use a Rightbiz Solicitor
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