Sold

Fish & Chip Shop on Housing Estate

Stamford, Lincolnshire

£79,995 +SAV

Ref: 13704 H

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Description

Cash buyer desired for a quick sale. Hilton Smythe welcomes to the market Cambridge Road Chippy. The business was originally established in the 1970’s and was taken over by our client in 2017. The owner is reluctantly selling the business, due to ill health. The business runs as a traditional fish and chip shop selling a great range of products such as pizzas, garlic bread, kebabs, burgers, fish, pies, chicken, chips, sides, sausages, as well as children’s meals. The business also offer a great selection of wines and beers. The takeaway is open over lunch and in the evenings; generating a healthy turnover of approximately £223,000 per annum. The business receives a large amount of trade from the locals that live on the estate. We feel by expanding the delivery service, trade could increase massively. Promoting the goods and services offered on sites such as Just Eat and HungryHouse, should be something the purchaser considers. Included in the sale is a self-contained two bed owner’s accommodation. If not required by the purchaser, this flat could be let out to generate an extra monthly income. This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity. Original lease length: 15 years.Remaining lease length: Just over 13 years as of 2017. Rent: £14,500 per annum.

Hours

The business opening hours: - Monday - Thursday: 11:45am – 1:45pm & 4:30pm – 9:30pmFriday: 11:45am – 1:45pm & 4:30pm – 10pmSaturday: 11:45am – 1:45pm & 4:30pm – 10pmSunday: Closed

Staff

The business is run and managed by our client, with the help of two full time members of staff.

Financial Profile

Cambridge Road Chippy generates an advised turnover of around £223,000 per annum.

Location

Cambridge Road Chippy is located in Stamford, Lincolnshire. The business is situated in a prime trading location in the centre of a residential housing estate; from which the chippy derives much of its trade. The business is on a retail parade with a Chinese take away and a hair salon. The businesses benefit from a free car park to the side of the parade, as well as ample on street parking. The housing estate is just a short 5-minute drive away from Stamford town centre and Oakham. The area has several bus stops, each just a short walk away from the business. These bus stops have regular daily routes into Stamford town centre. The business also benefit from great road connections. The A606 road connects to other major A-road in the area and is just a short drive away from the property.

Premises

Cambridge Road Chippy highly benefits from a large premise. The property is well-signed with new signage and window graphics. The large windows across the front allow for a bright interior. Inside the chippy are chairs for awaiting customers and a large service counter. There are also two double fronted drinks chillers. The whole property has been completely refurbished and upgraded, including new tiling to the walls; at considerable cost to the current vendor. Equipment included in the sale: - Retail Space:Four pan Middleton range2 x glass fronted drinks chillers2 x pizza ovensTwin kebab machineBuffalo griddleTwo pot Bain MariePerimeter shelvingFull extraction system16 pot salad barStainless steel fish fridgeFoster upright fridgeDouble door freezerFeature menu boardsEPOS tillFurther 4 pot Bain MariePie warmer Freezer Room:Large chest freezerGlass topped chest freezer Dry Goods Store:Perimeter shelvingMatsui fridge freezerFluorescent lighting Rear Preparation Room:Flour binTiled floorDough mixerFreestanding Cannon Chester stove with 4 gas burners and oven and grill beneathChipper machineRumblerPeeling machineWall mounter Alpha boiler Potato store has a door to the rear bin store. There is also a staff toilet/washroom in the rear of the shop. FIRST FLOOR Included in the lease is a first floor two bed flat. Presented in good order and accessed via a separate entrance.

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