For Sale

Well-Established Fish & Chip Shop in Padiham, Lancashire For Sale

Burnley, Lancashire

£85,000 +SAV

Ref: 2682 D

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

HHilton Smythe are delighted to introduce Ingham Street Chippy to the market, a well-established and reputable concern.

Ingham Street has been home to the business for well over 100 years and it has been under the careful control of our client for the previous 2 years. Only now is the business being offered to the market due to our client’s desire to re-locate. The business operates at lunchtime and early evening only and generates a turnover in the region of £17,000, with a gross profit of approximately 65% as per 2016 tax return.

Our client offers a wide range of traditional chip shop meals including fish & chips, takeaway meals, pizzas, doner kebabs, pies etc, as well as a selection of beverages. The business has built up an enviable reputation within the area for the high quality of the food and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours later into the evenings, as well as opening at weekends. A new owner could also embark on a modest marketing campaign to promote the business and the goods offered.

This is an excellent opportunity for a new owner to take this popular business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Tenure

Freehold

We are advised Freehold.

Hours

Currently the business trades:-

Monday - Friday 12.00pm – 1.30pm & 4.30pm – 6.00pm.

As previously discussed, with such an outstanding local reputation the business could easily justify significant extension of the opening hours, to create a huge increase in revenue.

Staff

The business is owner run and managed with 1 x staff member.

Financial Profile

The business generates a turnover in the region of £17,000, with a gross profit of approximately 65% as per 2016 tax return.

Location

Ingham Street Chippy is ideally located on a busy residential street in the market town of Padiham within the Metropolitan Borough of Burnley. The property is surrounded by densely populated residential areas, from which the business derives much of its trade. The business benefits from a high volume of footfall and passing trade, as well as free on street parking facilities to the front of the premises.

Padiham is a small town on the River Calder, it is part of the Borough of Burnley. The town is surrounded by attractive countryside in the foothills of Pendle Hill. According to the 2011 UK census, the parish has a residential population of 10.098.

Padiham is located approximately 25 Miles North of the City of Manchester and it's just a short distance from the M65 connecting the town to the UK Motorway network.

Premises

The well maintained and deceptively spacious end terraced property comprises

A main customer area accessed directly from the main footpath, with a customer seating and waiting area.

To the rear of the main customer area there is a door leading to a preparation room.

To the first floor is a lounge area and a single bedroom with a shower and a WC, which could be used as owner’s accommodation or let out to generate further income.

Externally there is yard to the rear of the business and attractive greenery at the side of the building. The business also benefits from external signage to compliment the local trade with that of passing customers.

The business is fortunate to be located on a crossroad junction with ample street parking within the vicinity, which has proved invaluable for customers.

Equipment included:

2 pan fish and chip range with top boxes.
Double pizza oven.
Microwave oven.
Bain-Marie.
Chipper.
Potato rumbler.
Refrigerator freezer.
Upright refrigerator.
4 x chest freezers.
Glass fronted display refrigerator.
Electronic cash register.

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