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Leasehold Option: £95,000 + SAV
Hilton Smythe are pleased to have been given the opportunity to manage the sale of 5 Star Fish Bar which is an immaculate business with a long-standing reputation amongst local residents. This is a superb opportunity to take on a great local business in an area teeming with regular customers.
There has been a Fish and chip shop at these premises for over a hundred years and the current owner has run it as 5 Star Fish Bar for the last 11 years or so during which time the business has flourished and become a real part of the local community. The business is now being sold only due to a wish to take a well-earned retirement. The vendor is keen to see his beloved business pass to an ambitious and entrepreneurial new owner who can take this great little business to the next level.
5 Star Bar offers an extensive menu including:
Traditional fish and chips
The sale will include the company Facebook page and the business enjoys great visibility on the internet via websites such as ---.------------.---, ---.---.---, ---.----.---, ---.----------.--- and has great reviews from the likes of ---.-----------.--.--
Scope to Improve
Advertising and marketing campaign
Maximise the use of social media
Website ideally with an online ordering facility
Explore online delivery options from the likes of Just Eat and Hungry House
Extend the opening hours
Reasons to Buy
A well established business with an enviable reputation and many existing customers
Little or no competition locally
Fitted out to the highest standard and everything included in sale making this a real Turnkey business opportunity
Low running costs with inexpensive rent (leasehold option) and no business rates
Current owner happy to offer a handover to ensure the continued success
Ideal trading position in the centre of a densely populated residential housing estate with lots of footfall
Perfect owner managed or husband and wife business.
There is the possibility of purchasing the leasehold
Hilton Smythe highly advise early viewing to avoid disappointment.
5 Star Fish Bar is located in Nuneaton.
Nuneaton is a town in northern Warwickshire. The population in 2011 was 86,552 making it the largest town in Warwickshire. Due to its transport links, Nuneaton is now largely a commuter town for nearby Coventry and Birmingham.
The town is near the M6, the M42 and M69 motorways and the main A5 trunk road (Watling Street) which also acts as a border with Leicestershire and the neighbouring town of Hinckley. The A444 provides a high speed dual carriageway route into the town from the south and also acts as the often busy town centre ring road. The A47 links the town with neighbouring Hinckley and onwards to Leicester and the A4254- Eastern Relief Road provides direct access from the east of Nuneaton to the south, avoiding the town centre.
The town has two railway stations: the main Nuneaton railway station is an important railway junction, served by the West Coast Main Line running from London to the North West, the cross- country Birmingham to Peterborough Line and by a Line to Coventry via Bedworth. The Coventry Canal passes through the town.
The main operators for buses in Nuneaton are Stagecoach in Warwickshire and Travel De Courtney.
5 Star Fish Bar is situated in a stand alone position in the centre of a densely populated residential housing area and thus benefits from high levels of footfall, regular custom and passing trade.
The business is nicely presented and maintained with clear visible signage and distinctive livery. There is free on street parking immediately outside the premises and in the surrounding roads and streets.
5 Star Fish Bar occupies three floors of a period, inner terraced property and briefly comprises;
Windows and glazed door to front creating a light airy and inviting interior, immaculately presented and maintained to the highest possible standards. Tiled walls and floor, suspended ceiling with concealed lighting, 3 pan range and stainless steel counter running the length of the shop with till, Card Machine and generous wrapping area, illuminated menu boards, 6 pot Bain Marie, two glass fronted drinks chillers, upright freezer, range of base units with complimentary worktop 3 kebab machines, refrigerated glass serve over counter.
Stainless steel preparation tables, two microwave ovens, two 2 slot toasters, 4 pot Bain Marie, Polar double stainless steel fridge, fish fridge, pie fridge, twin stainless steel sinks, window to side, Flavel freestanding cooker with 4 ring gas hob and electric oven.
With window to side, chipper and rumbler
With perimeter shelving and floor storage space, chest freezer
With close coupled toilet and hand wash basin.
Good sized lounge with windows to front and stairs to second floor
There is a galleried landing with wooden balustrading and wood effect flooring
With window to rear, range of modern white base and wall units with complimentary worktop, 1 ½ bowl stainless steel sink with Monobloc tap, wood effect flooring, space for appliances
With window to rear, 3 piece sanitary ware, separate shower cubicle, airing cupboard with Vaillant boiler.
With window to front and built in wardrobes
Good sized double with window to rear
We are advised that 5 Star Fish Bar is being sold as either a Freehold business opportunity or a leasehold opportunity.
If the freehold option is taken the marketing price is £345,000 plus stock at value.
If the leasehold option is taken, the marketing price is £95,000 plus stock at value. The vendor would be happy to negotiate a mutually acceptable lease with a new owner. An annual rent of £17,000 is proposed which is really reasonable given the size and location of the premises and the fact that it will also include living accommodation.
We are advised that the business rates payable are approximately £700 per annum but this is because the owner has other businesses in the area. A new owner may find that the business benefits from being exempt from business rates.
Monday to Saturday 11.45-14.00 & then 16.30- 21.00
The business is run and managed by our client with the full time help of his wife and two part time members of staff.
5 Star Fish Bar generates an advised current turnover of circa £146,000 per annum but it needs to be appreciated that the business is currently being run at a pace to suit and has enjoyed higher turnover previously.
An experienced operator should expect to see turnover increase significantly.
Available as freehold and leasehold
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