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Well Presented Fish & Chip Shop For Sale

Lincoln, Lincolnshire
Asking Price:
£89,995
Sales Revenue:
£156,000
Cash Flow:
Available on request

Business
Hilton Smythe welcomes to the market Carholme Chippy Fish & Chip Shop.
This long-established business has been operated by the current vendor for just under 12 months in which time it has built up an enviable reputation for quality and service within the surrounding area and beyond and which due to family commitments this truly rare and exciting opportunity has now become available.
The business currently sells a delicious range of Fish & Chip shop favourites with the site being future proofed to allow the new owner to introduce kebabs and Pizza.
The business presents an excellent opportunity to take this already established site to the next level with the opportunity being attractive to either an established operator looking for an additional site or an individual or partnership looking for an exciting new venture.
This is a great opportunity for a new owner to put their own spin on the site and develop and grow the existing core business by extending the currently limited opening hours, looking to develop and increase the on-line presence introducing just eat and website purchases, tweaking and extending the food offering and introducing the much requested delivery service which would be very popular with the surrounding and expanding student population located just a short distance from the site (estimated 30% increase).
The site has the benefit of being in first class condition with a modern 3 x Pan Range plus Bold chipper and peeler machines, the current vendor has maintained the site to a very high standard with a recent refurbishment which will be of great benefit to the new owner.
The site also benefits from family two-bedroom accommodation to the first floor with additional outbuilding/garage to the rear of the site creating plenty of space for future growth adding additional food preparation devices.

There are new student accomodation developments being built which will provide new custom to this business. Next to Valentine Retail park there will be 469 bedroom student block and over 200 student bed spaces will be built at Viking House.
A very rare opportunity to acquire a long-stablished business with huge growth potential for very sensible in-going and running costs

Location
Situated at the top of Carholme Road towards the centre of Lincoln, the site is easily accessible on foot and by all modes of transport from both the A46 outer ring road and from all internal road network links within Lincoln City Centre, the site has the added benefit of plenty of short stay and residents parking surrounding the site.

There are new student accomodation developments being built which will provide new custom to this business. Next to Valentine Retail park there will be 469 bedroom student block and over 200 student bed spaces will be built at Viking House.

Premises
Ground floor trading premises with additional residential accommodation to the first floor.
Main service counter with 3 x pan range, Bold Chipper and peeler machines, 4 pot hot food storage unit, microwave, fridges & freezers, stainless steel worktops, new kitchen and storage units, electronic till system.
Extended refurbished kitchen with additional work-space and storage, chipper area, ground floor WC with access out to the enclosed rear yard and garage.
Smart and tidy period residential accommodation to the first floor comprising 2 x bedrooms, living room, galley kitchen and shower room.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £16,200 per annum with 3 years remaining on the current 22 Year lease with new lease terms to be negotiated.

Hours
Monday to Saturday: 11.30am to 1.45pm & 4.30pm to 10.00pm

Staff
The business is run and managed by the current vendor plus 3 x part time staff.

Financial Profile
We are advised the business is currently turning over in the region of £156,000 per annum trading very limited hours. There are currently no rates payable.

Property information

Property:

Leasehold

Contact Information

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  1. What will happen?

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