Business Summary

Key Features:-

Fish and Chip Shop Takeaway and Restaurant Excellent Leasehold Business Strong Trading Location Turnover Year End March 2010 £184,316Rental for Business and Flat Only £5,500 p.a.

Property Description:-

Kenricks are pleased to confirm the opportunity to purchase this leasehold business. The premises are available by way of assignment of the present lease. The building premises comprises of a ground floor takeaway area and cafe seating area. In addition there are store rooms, customer WC and spacious rear preparation and storerooms.
To the first floor is a three bedroom flat which could be accessed from the ground floor premises but presently benefits from an external entrance. This flat can be used by an owner occupier or due to the separate entrance can also be let out to provide a rental income to the business operator. The flat provides three double bedrooms, lounge, fitted kitchen, dining room and bathroom.
The building itself is end of terrace and benefits from some UPVC double glazing and gas central heating. Internal viewings are recommended.

LOCATION
This leasehold fish and chip shop, takeaway and cafe, occupies a strong trading location within a dense residential position in Blackpool. Waterloo Road is a main road connecting various areas of the town and enjoys a wealth of passing pedestrian and vehicle trade. The business is neighbored by rows of terraced residential properties and additional local businesses. It is also located near to a busy crossroads and an ideal position for this nature of business.

Accommodation Comprising

Ground Floor
Takeaway & Kitchen: 34.5 sq m
Restaurant: 17.3 sq m
Store: 5.0 sq m
Preparation Room: 14.4 sq m
Rear Store: 5.4 sq m
Total GF: 76.6 sq m (825 sq ft)

First Floor
Lounge: 3.74m x 4.7m (exc. bay)
Kitchen: 2.46m x 2.46m
Dining Room: 4.75m x 2.53m
Bedroom 1: 4.43m x 3.76m
Bedroom 2: 4.32m x 3.53m
Bedroom 3: 4.3m x 2.88m
Bathroom

Agents Notes
BUSINESS RATES/ COUNCIL TAX
Ground Floor Premises: Rateable Value £4,950 pa, taken from the VOA website 14/4/2011.
First Floor Flat: Band A

Tenure
LEASE/ RENTAL/ LEGAL FEES
Whole Building Rental: £5,500 pa. Available by assignment of the current lease which runs to 2 February 2014. We are informed that a new 5 Year Term has been agreed to commence from February 2014 at a new rental of £12,000 pa. The incoming buyer may be responsible for the Landlords legal fees incurred in the transaction. Full details to be provided.

Business
The business has been run successfully for a number of years by the present operator and is being marketed for sale solely due to retirement. The trading and profit and loss accounts for the year ending 31st March 2010 show a Turnover of £184,316. The accounts show a healthy net profit, with account information to be viewed following an initial viewing of the premises. The present Turnover is achieved on limited opening hours, providing an excellent opportunity for an incoming buyer to increase the turnover further.
The present operator opens Monday - Saturday from 11:30am - 2.00pm and 4.30pm - 7.00pm.
The operator also closes for a full three weeks holiday per year, are closed Sundays, for a long period over Christmas and New year and all Bank Holiday Mondays. Extending the opening hours as well as operating on these closed days will further improve the turnover of the business.

Viewing
No direct approach is to be made to the business without a prior appointment through Kenricks 01253 420420.

Directions
Proceed down Waterloo road to the crossroads with St Anne's road. Prior to meeting the crossroads the business can be found on the right hand side next to the Lloyds Pharmacy

Accounts
The business has been run successfully by the present operator and is being marketed for sale solely due to retirement. The trading and profit and loss accounts for the year ending 31st March 2013 details a Turnover of £154,022. The accounts show a healthy net profit, with account information to be viewed following an initial viewing of the premises.

Property Details