Status: Completed
Tenure: Leasehold
Leasehold Rent: £4,375 per quarter
Turnover: £196,016
Award Winning Fish and Chip ShopAward Winning Fish and Chip ShopAward Winning Fish and Chip Shop
£125,000 + SAV

Award Winning Fish and Chip Shop

Completed
  • Reference: 2799
  • Location: Barnard Castle, County Durham
Hilton Smythe is delighted to introduce to the market Fryer Tucks. This popular fish and chip shop was originaly established in 2007 by our clients, who have seen an increase in custom year on year.

Our clients are now reluctantly looking to sell the business due to the desire for retirement. We are advised the business generates a very healthy turnover of circa £196,000 per annum, with a gross profit of around 60%.

The turnover is fantastic however we believe this could be massively increased if the new owner was to look in to starting a restaurant on the first floor. The fish and chip shop does currently offer 16 covers to the back of the ground floor. The first floor would be perfect for a large restaurant space.

The business has a fantastic menu and is well known for their great quality food within the area. This could be taken further with an outdoor events catering business. The property is a brilliant size and has enough extra space for this to be looked into.

Included in the sale of the business is an ice cream machine. We are advised this is very popular and is a lucrative addition to the business.

The business has a website http://www.fryer-tuck.co.uk/ on the website is some fantastic reviews and the menu with a price list. There is also a list of awards that the business has won such as 'Best Business 2014' from the Teesdale Business Awards.

This is an extremely brilliant chippy with some fantastic reviews on TripAdvisor. These reviews just show how popular the business really is.

Hilton Smythe highly advise early viewing to any interested parties, looking to buy an already well established and popular fish and chip shop in a great tourist area.

TENURE

We are advised the business is leasehold

Rolling lease
Rent £4,375 per quarter

HOURS

The business opens:-

Monday-Friday: 11am - 9pm
Saturday: 11am - 7:30pm
Sunday: 11am - 8pm
Council trading restrictions allow the business to trade from 8am - 12am.

STAFF

The business is run and managed by the owner with the assistance of 1 full time, 5 part time and 2 weekend members of staff.

FINANCIAL PROFILE

The business generates a very healthy turnover of circa £196,000 per annum, with a gross profit of around 60%.
Fryer Tucks is located on the main high street of Barnard Castle, County Durham.

Barnard Castle is a market town with a vast variety of retail and leisure stores. Around the area is a Co-op, Greggs, Jewellers, Costa Coffee and many more, there isn't much competition in the area for this type of business.

This busy high street is a main cut through from the M6 to the A1 motorway. There is always a high amount of footfall in the area due to the generous amount of passing trade. This is a fantastic area, and always receives a lot of tourist attention.

This area has great public transport links with bus stops within easy walking distance of the property. Directly outside the property is free parking, this benefits the business as it allows customers to easily call in.
The front of the property is traditional, and fits in well with its historical location. The property is well signed and has a good sized seating area at the front.

Inside the shop is the main serving counter, there is a small kitchen area behind the counter. To the back is a seating area for 16 covers further through to the back is a preparation kitchen and storage area with access to the upper floor. There is also access to the rear yard this is used for staff parking, and the Morrison's supermarket carpark is also to the back of the premises.

On the first floor is a large room, which could be used as a café or a restaurant. On this floor is a fully equipped office, staff room and toilets.

Equipment included in the sale is as follows-

2x Upright freezers
Counter freezer
Upright fridge
2x Fish freezers
Rumbler tank
2 Chippers
Microwaves
Dishwasher
Coffee machine
Ice cream machine
2x Touch tills
1x Manual till
Full Harmony EPOS system
All seating and tables for both internal and external use
Washing machine
Ice cream machine

We are advised a lot of the equipment is around two year old.

At the front of the premises is a cordoned off seating area, with licenced payments to the council for £50 per year.