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Newly Refurbished Fish And Chip Shop In Grantham For Sale

Grantham, Lincolnshire
Asking Price:
£175,000 Furniture / Fixtures included
Sales Revenue:
£312,000
Cash Flow:
Available on request

Residential Trading Location
Annual Turnover £312,000
Gross Profit £156,000
Financial Information Upon Viewing
Established 1998
Accommodation Available At Additional Cost
Opposite Co-Operative Food
Free Parking
Six Point CCTV In Place
Five Star Hygiene Rating
Very Well Equipped
Fully Refurbished In Jan 2018
Scope To Extend Delivery Area
Potential For Longer Opening Hours
EPC - D

REF 6579 – Leasehold Newly Refurbished Fish & Chip Shop

Blacks Brokers are pleased to bring to the market this leasehold fish and chip shop located in a popular and densely populated residential area of Grantham, Lincolnshire.

INTRODUCTION

Blue Pearl Fish Bar has been trading on Dysart Road for around 20 years. The business is very well known in the area, has a good base of regular local customers and a superb reputation. Excellent online reviews are noted on Facebook and Google. Our client has also secured a good partnership and customer base with the Just Eat website. The premises were fully refurbished and the business reopened in January of 2018.

LOCATION

Dystart Road is located within a busy residential area close to Grantham town centre. The area is well linked by the A1 and A52 with excellent public transport links and free parking immediately outside. Other local businesses include a Co-op supermarket and local pub.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator and is only available due to the demands of our client's family commitments being higher than anticipated. 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.

LEASE

The building is available on a competitive rent on an Internal Repair Only lease (IRO lease). The current lease runs at a cost of £265 per week until 2030.

STAFF

The business is currently operating with four members of part time staff supporting our client working on a part time basis.

FINANCIAL DETAILS

Blue Pearl Fish Bar has traded solidly during the last twenty years with a small gap in trade during refurbishment. We are advised that the business currently has annual turnover of £312,000 with gross profit of £156,000. Financial details are available upon viewing.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies an enviable trading position within a residential area of Grantham. The business is long established and well known with locals. There is plenty of scope to develop the business further with the introduction of longer opening hours and a strong marketing drive. There is also potential to expand the delivery area. 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.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Sat - 11.30 - 2pm / 4.30pm - 10pm

Contact Information

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