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Leasehold Fish And Chips Shop In Stockport For Sale

Stockport, Greater Manchester
Asking Price:
£49,950 Furniture / Fixtures included
Sales Revenue:
£75,315
Cash Flow:
£20,787

Chip shop trading in this location for over 60 years
**Accounts to Year End 05 April 2018**
Annual Turnover £75,315 (Audited --.--.----)
Gross Profit £52,463 (Audited --.--.----)
Open approx 20 hours/week
2019 - JUSTEAT Introduced
Seating area for over 30 people
Closed Sundays
Scope for Accommodation
EPC - D

REF 5939 – Leasehold Fish & Chip Shop

Blacks Brokers are proud to bring to the market this leasehold fish & chip shop located in a popular and busy area of Stockport.

INTRODUCTION

There has been a fish and chip shop trading at this location for over 60 years, and as such has an established clientele of regular customers. In 2016 the current owners bought the business and changed its name to The Fish Inn and it success continued.

LOCATION

The Fish Inn is an established fish and chip shop occupying a grade 2 listed property on little Underbank in Stockport. This is a characterful street with a cobbled road and predominantly a commercial area. The surrounding businesses are mainly independent operations such as hair salons, boutiques and coffee shops.

REASON FOR SALE

The Fish Inn is only being offered for sale due to our client’s other business interests.

LEASE

The building is available on a competitive rent on an Internal Repair Only lease (IRO lease). The current lease is 10 years with rent reviews every 3 years. The current lease began in 2006 at a cost of £10,500 per annum. There is a 10 year lease for the new owner.

BUILDING LAYOUT AND DESIGN

As well as being a popular fish and chip shop, is also a popular destination as a coffee shop thanks to its ability to provide approximately 30 covers. Customers therefore enjoy a variety of cuisine, obviously focused around fish and chips, however the catering kitchen is able to provide hot and cold sandwiches as well as other traditional English dishes

The centrepiece of the servery is an Edwards of Oldham 2 pan range, this was new in 2005 and has been meticulously serviced to date. Supporting the dining area and servery is a prep room which houses the rumbler and chipper as well as a variety of fridges and freezers, ovens and microwaves.

Above the restaurant area the first floor presents two rooms that are currently use for storage as well as 2 WC’s. Formerly this was accommodation, and should the need arise, with a bit of attention could be turned back to a competent one bedroomed flat.

From Monday to Thursday the business caters predominantly for lunchtime trade, opening at 11 and closing at 3 o’clock in the afternoon, on Fridays and Saturdays this extends to 4 o’clock.

STAFF

The Fish Inn is currently operating with two part-time members of staff.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and The Fish Inn has traded solidly over its trading history with 2018 accounts having increased revenues compared to previous year's turnover. The owner has recently introduced JustEat for local deliveries with a view to increase sales online.

SUMMARY

New owners will undoubtedly consider that the business is missing out on prime evening trade here, once consideration is taken that the business doesn’t open on Sundays, new owners will doubtlessly consider that there is tremendous scope to increase turnover from extended opening hours.

This therefore represents tremendous opportunity for new owners, and the ability to increase what are already impressive figures.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Thu: 11:00 - 15:00
Fri & Sat: 11:00 - 16:00
Sun: Closed

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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