Business Summary

Urban Locks Business Sales in Radcliffe are delighted to be instructed on the sale of this outstanding, Licensed, high class fish and chip restaurant in the picturesque village of Edenfield in Lancashire. Established since 1914, the current owners have built on the reputation of this business, winning 'Taste Lancashire highest quality assured' three times and boast a 5/5 Hygiene rating.

£190,000

www.urbanlocks.co.uk

Fish & Chip Shop , Edenfield, Lancashire, BL0

THE AREA
Edenfield is a picturesque village nestled in the Rossendale borough of Lancashire. Lying on the river Irwell, the village is approximately 1.25 miles north of Ramsbottom, 2.5 miles south of Rawtenstall & 6 miles West of norden. The M66 Motorway terminates it's course at Edenfield, whereupon it becomes the A56 Edenfield Bypass. The area has seen huge growth over recent years as a commuter settlement for Greater Manchester & East Lancashire. The business occupies a fantastic main road position with ample, unrestricted parking to the front, therefore attracting fantastic passing custom. The surrounding area is densely populated and also houses a number of local businesses which makes this restaurant a focal point for local, repeat diners.


THE BUSINESS
Having been established since 1914, the business has flourished under the current ownership over the last 5 years, boasting an outstanding reputation, winning Taste Lancashire 3 times. Offering 40 covers over two spacious floors, and an alcohol license, this is a fantastic and rare opportunity to purchase such a high class fish and chip business that would easily suit other food businesses if required. Currently only opening 22.5hrs per week under management, there is huge scope to increase an already attractive turn over.


THE PROPERTY 130 sq.m of floorspace including out houses
This deceptively spacious stone built mid terraced property was completely refurbished in 2005 by the current owners. The building offers over 1020 sq.ft of floorspace over two floors, along with 375 sq.ft of storage/ preparation area to the rear. Tastefully decorated throughout With 40 covers, an alcohol license and unrestricted free parking to the front, this is a fantastic and rare opportunity.


EQUIPMENT
All equipment, fixtures and fittings are including within the sale price. The top quality stainless steel cooking equipment was installed during the refurbishment in 2005 and includes top names such as Bitterling, Preston & Thomas and Bold just to name a few. There is a Preston & Thomas Radiheat three pan island range with digital controls on each pan, Bitterling clear system oil filtration system, Bold Rumbler that has recently been re-gritted at great expense and a 'one bag' Bold Chipper with 25kg capacity. There is also a range of fridges, freezer, microwaves and preparation tables.


GROUND FLOOR RESTAURANT 26' 9'' x 16' 9'' (8.16m x 5.11m)
This spacious ground floor with cottage feel, houses 16 covers along with counter, till point, serving area and main cooking area.


GROUND FLOOR PREPARATION AREA 20' 4'' x 6' 7'' (6.20m x 2.01m)
The preparation kitchen to the rear includes stainless steel preparation tables, wash basin and a range of other cooking equipment and shelving. The Gas boiler is also located in this room. There is a door to the side giving access to the yard area which in turn leads to the the chipping room and store room.


THE CHIPPING ROOM 9' 6'' x 9' 3'' (2.89m x 2.82m)
With access from the rear yard, the chipping room houses the Bold Chipper machine and the Rumbler.


GROUND FLOOR STORE ROOM 20' 4'' x 13' 11'' (6.20m x 4.25m)
spacious store room to the rear with access via the rear yard


FIRST FLOOR RESTAURANT 26' 7'' x 16' 7'' (8.11m x 5.06m)
The homely first floor restaurant area offers 24 covers. With stunning beams to the ceiling, the first floor oozes the character you would expect from a property of this style. There is also a small bar/ counter area and stunningly installed ladies and gents w/c's.


CURRENT OPENING TIMES
The business currently only opens for 22.5 hours per week giving tremendous scope to increase an already attractive turn over.


UTILITIES
All mains services are supplied and we have been advised that the current gas bill is around £135 per month and the electric around £150 per month


FINANCIALS
WE HAVE BEEN ADVISED THAT THE RATEABLE VALUE IS £3,200 AND RATES PAYABLE ARE APPROXIMATELY £1,500. HOWEVER, DUE TO RATES RELIEF THIS HAS BEEN REDUCED TO NIL FOR 2014/15
. ...................................................................................... CURRENT TURN OVER £72,000 WITH A 52%GP


Disclaimer
Please Note: All information, measurements, plans and photographs are for general guidance only. The agents have not tested any appliances, facilities or services.

Whilst these particulars are believed to be correct their accuracy is not guaranteed and they do not form any part of any offer or contract.

* Viewing strictly by appointment with Urban Locks *

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