Fish and chip shop for sale in Romford London, operated by the same family for over 45 years
Romford, London
- Status
FOR SALE
- Advert ID
657307
- Reference
ESS12505 / Rightbiz
- Call Agent:
- Leasehold: £99,950
- Turnover: £182,000 (£3,500 per week)
- Profit: Not Applicable
Business Details
Under achieving fish & chip shop with potential, in same family over 45 years
Key features
- £3,000–£3,500 weekly turnover — counter sales only, no deliveries
- Over 45 year trading history in a single family
- End parade position facing busy through road with on street parking
- Large residential catchment with unmet demand for home delivery
- Held on a council lease at just £11,000 per annum rental
About this business
This well established shop has been in the same family hands for over 45 years and is currently operated by manager with the shop being closed for about a month yearly due to staff holidays. The trade is neglected with takings being all counter sales with no deliveries undertaken for which there would be a huge demand as has a massive residential catchment area surrounding. Ideal purchase for experience new ownership to realize the obvious potential.
Trading figures
We have been informed the turnover is in the region of £3,000 to £3,500 weekly, just counter sales with no deliveries. Management run with the shop closing about 4 weeks yearly when manager on holiday. Crying out for capable team to realize the obvious potential.
Trading hours
Monday through to Saturday.
12.00 noon to 9.00 pm.
Good scope for later trading.
Business premises
End of parade shop having a fully glazed frontage with a full width coloured fascia running across plus additional signage. Wide single door access to deceptively deep interior with customer area with terrazzo floor tiles, easy to clean clad walls ans a suspended lit ceiling. Behind the frying range is a cooking section with an overhead extractor, opening only a part fitted kitchen. Continuing through to the general preparation facility which has a large twin sink and houses a potato working space. There is an additional room that can be used for storage and has access to the rear service road.
Trade equipment
Usual selection of equipment to include a 2 pan Preston & Thomas counter range, electric till, rotary oven, griddle, stainless steel fish keeper, 2 chest freezers, microwave oven, chipper and 56lb peeler.
( The above items have not been tested by Rosens ).
Trading position
Long established at end of a parade of 11 shops having free on road parking all around. Ideal trading positioned facing busy through road within the heart of a heavily populated residential district with a large catchment are, making this ideal to introduce a home delivery service.
Special remarks
This shop has been in the same family for over 45 years and since the current sellers father past away some 4 years ago it has been poorly run and presently relies on staff to operate.
This is an ideal purchase for an experienced operator to take forward as have everything in it's favour to easily increase the sales which will be evident upon inspection.
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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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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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