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Superb Village Trading Location
Projected Annual Turnover (2019/20) £118,700
Projected Gross Profit 48% of Turnover
Year End Accounts Available After Viewing
Low Rent (£152/week) and Rates
Impressive Trading History
Scope To Introduce Website / Social Media
Currently Open Short Hours
Potential To Introduce Delivery Service
Would Suit A Variety Of Cuisines
Reason For Sale - Retirement
EPC - D
REF 6351 – Leasehold Fish & Chip Shop
Blacks Brokers are pleased to bring to the market this leasehold fish and chip shop located in a densely populated and much sought-after area of Meltham, Holmfirth.
Westgate Fish Bar has been trading on Mill Moor Road for many years, with our clients in ownership since 2007. The shop offers a traditional fish and chip menu with almost all customers being local and 100% of trade is takeaway. Our client presents the shop to the highest of standards and has been awarded with a five-star hygiene rating. There is only one other similar business in the village of Meltham, a new owner may look to introduce additional menu choices to attract further custom.
Meltham is a pretty and popular village on the outskirts of Huddersfield, around a 20 minute drive from the town centre. The area is reasonably affluent with a large Morrisons superstore and some small independents in the vicinity. The village is very well populated, there is a school, sports centre and care home all nearby. Parking is available immediately outside the shop and public transport links are good.
REASON FOR SALE
The business is suited to a hands-on owner-operator but our client is ready to retire after years of enjoying this excellent venture. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is fifteen years and began in 2017 at a cost of only £152 per week.
BUILDING LAYOUT AND DESIGN
The business operates from the ground floor of an end-terraced property with a separate hairdressing business positioned within the first floor – this is not related to this lease. Westgate Fish Bar is well presented with striking signage displayed above a fully glazed frontage. Inside, there is a customer waiting area and large stainless-steel counter and servery area – this is fitted with display ovens, fryers and much more. To the rear is a small preparation area, display drinks fridge and back lit menu boards. There are two utility rooms used for additional food preparation and storage, one of which is positioned within the basement and this also houses the chipper and rumbler. Each area of this business is spotlessly clean and presented to an excellent standard.
The business is currently operating with four part time members of staff in employment in addition to our client working on a full time basis.
Westgate Fish Bar has traded solidly since opening. The accounts for year ending 2018 show annual turnover of £115,245 with a gross profit of £60,647.
Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business is ideally positioned in a busy residential area with little local competition. Our client has developed an enviable reputation within the local area and gained a large customer base. There is plenty of scope to develop the business further with the introduction of evening opening and an online presence to include a website, potentially with ordering system along with a social media following and partnerships with websites such as Just Eat and Hungry House. There is also potential to add more menu options/cuisines and a delivery service. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Mon - 11.30am - 1.30pm / 5pm - 7.30pm
Tue - 11.30am - 1.30pm / 5pm - 7.30pm
Wed - 11.30am - 1.30pm / 5pm - 7.30pm
Thur - 11.30am - 1.30pm / 5pm - 7.30pm
Fri - 11.30am - 1.30pm / 5pm - 10pm
Sat - 11.30am - 1.30pm / 5pm - 7.30pm
Sun - Closed
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