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Listing ID: 3211214

MANCHESTER DISTRICT. LONG ESTABLISHED NEWLY REFURBISHED HIGH TURNOVER FISH AND CHIPS 60 SEATER LICENCED RESTAURANT AND TAKEAWAY, LEASEHOLD CONCERN WITH GOOD RENT INCOME.,SAME ENGLISH OWNERSHIP HANDS FOR MANY YEARS, PART MANAGEMENT RUN. For Sale

England

£425,000 LEASEHOLD

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

A prominent corner parade ground floor lock up having multi glazed frontage with twin overhead canopies and fascia's. Separate takeaway with entrance leading into a well appointed interior with tiled walls, non slip floor covering and spot lit ceiling, being fronted with serving counter. The 5 pan Mallinson Island range leads to open plan fully equipped kitchen. Through to rear potato store and wetroom plus rear access to garage storeroom. Double door entrance into main restaurant recently refurbished and providing approximately 36 covers with air conditioning, spot lit ceiling with drop pendent lighting and fully equipped bar. Further restaurant area providing additional 26 covers, continuing onto washing up room, dry storeroom that's shelved and washroom facilities. Photos available upon request.

Property Details

Years Established:

We understand from the Vendor that the present Lease has a annual rent of £40,000, which is off set by Rent Income from adjacent Coffee Shop, producing some £12,000 p.a,making net rent to find of just £28,000 p.a.

Property Type:

Lease

Other Details

Business Location:

Prominent very attractive multi fronted trading position within a modern well represented parade fronting onto busy main through road close to all town centre amenities, within very popular and fashionable area that generates solid trading.

Premise Details:

Brief range of trade equipment to include 5 pan Mallinson Island range, Bold 56lb rumbler, chipper, stainless steel bath, 9 tray fish fridge, fat filter, Merry Chef oven, large refrigerated salad bar, computer till, various refrigeration equipment, all crockery, cutlery and glassware. Full inventory will be provided prior to completion.

Competition:

Fully refurbished in recent years with valuable inventory and well presented throughout offering a walk in trading opportunity which will be evident on viewing. Run under part time management with a hefty wage bill which could be substantially reduced by a capable team. Photos available upon request.

Expansion Potential:

Long established high turnover traditional Fish & Chip business incorporating a 60 seater restaurant and separate takeaway facilities. Audited gross turnover to April 2018 produced sales of £660,000 and/or £13,200 per week from restaurant, takeaway and limited deliveries. Part management controlled. Business held on secure Lease of £40,000 per annum less a rent income from adjacent shop producing £12,000 per annum. Very prominent well fitted and equipped concern complimented by an excellent arrange of trade equipment. Stuated in bustling location which is secured by continued local and passing trade throughout the year. Same English family ownership for many years, who are now looking towards retirement.

Operation Details

Trading Hours:

Trading 7 days a week from 11:30 am to 10:00 pm.

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