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Ideally Located Fish & Chip Restaurant/Takeaway For Sale

Redcar, United Kingdom
Asking Price:
£69,995
Sales Revenue:
£182,000
Cash Flow:
Available on request

Business

Hilton Smythe is delighted to welcome to the market this well-established and very popular takeaway or eat-in business, which is ideally located within Marske-by-sea in Redcar.

The business was established by our client in 2017 and is only now reluctantly being offered to the market due to our client’s ill health forcing the sale. The business currently operates 6 days per week and generates a fantastic turnover in the region of £182,000 per annum, with a net profit of approximately £60,000.

Our client offers a wide variety of fayre including Traditional fish & chips, to name a few, as well as a selection of desserts and hot/cold beverages.

"It's Teessides's most loved dish and the vault take it very seriously, serving some of the finest parmos out there. you will realise their parmo passion when you take a closer look at their menu, where you will always find new creations from a Marietta Meatball to the Gladiator - a parmo not for the faint hearted with ingredients from pepperoni to kebab meat.
Our client is very experienced in branding in the food industry, he has created a unique brand capable of being franchised. Any buyer will have a superb platform to build upon, especially as the business continues to boom.
The business has built up an enviable reputation within the area for the high quality of the food and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth referrals.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to advertise the business and services offered. There is already a website in place to promote the business, which incorporates online ordering facilities at http://---.-------------.--.--/.

This is an excellent opportunity for a new owner to take this already thriving and busy Town Centre business to the next level; therefore, early viewing must come highly recommended.

Location

The business is located is the seaside resort of Marske-by-the-Sea, North Yorkshire

Ideally located within the bustling town centre, the business sits amongst a busy parade of retail outlets and services including a post office, a charity shop, a florist, a Chinese Takeaway and a Pizza Takeaway. The area sees high footfall from the local residents and tourists during the busier Summer periods.

Marske-by-the-Sea is situated east of the town of Middlesbrough and just south of Redcar and is a popular holiday destination. The area is on the edge of the North York Moors National Park, host to thousands of visitor’s year after year. The resort is well served by public transport with several train stations in the area and the A174 providing good road links

Premises
The Vault Hatch as we understand is on the ground floor. It has an area to order and an area to wait with a kitchen to the back.
Mid parade premise briefly comprising: -
Good signage and large window allowing lots of natural light into the waiting area.
Equipment:
New extractor fan cost £3000
3 tables
Two pan fish and chip range
Double fryer
Large grill
Large drink fridge
3 fridge freezers
Open top freezer

Tenure

We are advised the business is being sold as a Leasehold

Original lease length: 24 years.

Remaining lease length: 22 years as of 2019.

Rent: £6666 per annum.

No Business Rates

Hours

Monday Closed
Tuesday, Wednesday & Thursday 12–2pm, 4–9pm
Friday & Saturday 12–2pm, 4–10pm
Sunday 4–9pm

Staff

The business is currently family managed with 4 part time members of staff.

Financial Profile
The Vault Hatch generated an advised turnover of circa £182,000 with a net profit of £60,000

Property information

Property:

Leasehold

Contact Information

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