For Sale

Traditional Fish and Chip Shop

Newport, Newport

£169,950 +SAV

Ref: 2886 H

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

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Description

Leasehold option £79,999 + SAV
Freehold option £169,950 +SAV

Hilton Smythe is delighted to welcome to the market Maesglas Fish Bar.

The business has been established since 1985 and been under our clients careful stewardship ever since. The business is in a prime trading position to benefit from passing trade as well as repeat trade from the local community. As per the 2015 accounts the business reports turnover at around £95,000 with a gross profit of 55%.

The fish and chip shop is well known in the local area for the quality of the produce and value for money. As well as serving traditional fish and chips, the business also serves a popular breakfast menu, pies and pasties, jacket potatoes, burgers, hot dogs a separate kids menu and more.

We feel there is scope to develop the business further, perhaps by extending opening hours, offering a delivery service or maybe extending the menu choices to burgers, kebabs and pizzas.

Maesglas Fish Bar is well presented and fully equipped. Ready for a new owner to start trading immediately. With the business reluctantly coming to the market as our client wishes to pursue other interests.

Tenure

Freehold/Leasehold

We are advised that the business is Freehold.

Leasehold option £79,999 + SAV
Freehold option £169,950 +SAV

Hours

Monday – Sunday: 9:00am – 6:00pm

Staff

The business is currently run by the owner and 8 part time staff.

Financial Profile

As per the 2015 accounts the business reports turnover at around £95,000 with a gross profit of 55%.

Location

Maesglas Fish Bar is located in Newport, Wales.

The business is located at the end of busy parade of shops on a main road location with heavy passing trade and good footfall throughout the day. Maesglas fish Bar is surrounded by many residential homes from which the business derives much trade.

The business sits on a main bus route with a bus stop within walking distance and further benefits from free parking directly to the front.

Newport is a cathedral and university city in South Wales. The area is served by the M4 providing easy access to national motorway network.

Premises

Single fronted terraced premise briefly comprising.

Retail area
Double glazed UPVC window to front creating a bright airy interior, tiled floor, comprehensively equipped and immaculately presented. 2 two pan fryers with pie warmers above, stainless steel wrapping area with till, glazed serve-over salad bar, drinks shelving, menu boards, fluorescent lighting and glass fronted drinks chiller.

Kitchen
Tiled floor,4 pot Bain Marie, full extraction system, 2 microwaves, 2 toasters, griddle, stainless steel freezer, useful under stairs storage cupboard, twin stainless steel sink and drainer, perimeter shelving, stainless steel preparation tables with storage beneath, twin stainless steel fridges, chest freezer, wall mounted boiler and hand wash basin.

Potato Room
Fully tiled with chipper and rumbler potato peeling machine, ample floor storage and door to rear yard.

The business is well signed and maintained with on street parking immediately outside. There is a secure rear yard with a brick built storage shed.

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