Business Summary

FISH & CHIPS TAKEAWAY LOCATED ON VERY LARGE HOUSING ESTATE WITH APPROX 5000 HOUSES.

SHOP IN ABSOLUTE MONOPOLY LOCATION WITH NO OTHER TAKEAWAY OF ANY SORT IN AREA.

SHOP IS HELD ON A COUNCIL LEASE WITH LOW RENT OF £7,600 PA INCLUDING 3 BEDROOM LIVING ACCOMMODATION.

11 YEARS LEFT ON LEASE.

CURRENT OWNER IS NOT A FISH FRYER BY TRADE AND BUSINESS WAS OPERATED BY UNDER MANAGEMENT. SHOP HAS JUST BEEN CLOSED DUE STAFF PROBLEMS.

WE ARE ADVISED THAT TURNOVER WAS IN THE REGION OF £2000 PER WEEK BEFORE CLOSING.

WE ARE ADVISED BY CURRENT OWNER THAT THE LOCAL COUNCIL HAVE BEEN IN TALKS WITH OWNER REGARDING A COMPULSORY PURCHASE ORDER OR SELLING THE FREEHOLD OF THE PROPERTY TO CURRENT TENANTS.

THERE IS POTENTIAL FOR A PROFESSIONAL FISH FRYER & PIZZA CHEF TO TAKE OVER LEASE FROM OWNERS AT THE SAME TIME NEGOTIATE WITH THE COUNCIL REGARDING THE FREEHOLD.

WE ADVISE INTERESTED PARTY TO TAKE THERE OWN LEGAL ADVISE IN THIS MATTER BEFORE MAKING ANY COMMITMENT TO BUY.

GROUND FLOOR SHOP SIZE APPROX 400 SQ FT.

FIRST FLOOR 3 BEDROOM LIVING ACCOMMODATION.

SHOP REQUIRES REFURBISHMENT.

THERE IS HUGE POTENTIAL TO GENERATE SALES IN EXCESS OF £5000 PER WEEK IN THE RIGHT HANDS.

AN IDEAL OPPORTUNITY FOR A PROFESSIONAL PIZZA CHEF OR FISH FRYER.

GUIDE PRICE £59,000 LEASEHOLD.

RENT £7,600 PA, 11 YEARS LEFT ON LEASE.

FREEHOLD OPTION MAY BE AVAILABLE.

Property Details