For Sale

Fish and Chip Restaurant With Owner's Accommodation

Shildon, County Durham

£199,950 +SAV

Ref: 13915 A

Contact sales negotiator

Jessica Aspinall

01204556307

Email Jessica Aspinall

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Description

Hilton Smythe is delighted to introduce to the market Clems Fish Restaurant.

Established over 40 years ago, this family run business operates from a modern premise and fitted with a high level of equipment and modern furnishings which includes a newly refitted 2 bedroom flat.

Clems Fish Restaurant is very well known in the area and sees a high amount of repeat trade as well as benefiting from passing trade due to the excellent location.



This traditional fish and chip restaurant and take away has an outstanding reputation for the quality of produce all freshly prepared on-site.

Our clients are keen supporters of the Fish Fight campaign. Currently 80% of the turnover is derived from takeaway sales and 20% from Eat in customers.

Currently run to suit the needs of our client, the business offers endless scope to increase the profit levels by simply reducing the high levels of staffing costs which includes a Manager.

Any new owner working full time in the business could save a minimum of £25,000 per year as well as extend the current opening hours.

The restaurant is immaculately presented with a total of 28 covers. The business has an informative website and posts regular updates and features on social media to promote awareness of the business.



Early viewing of this long-established business in a prime location is highly recommended, with the business genuinely coming to the market as our client wishes to retire.

Tenure

Freehold

We are advised the business is Freehold

Hours

The business currently opens: -

Monday to Saturday 11.00am to 8.30pm.

Staff

The business is owner run with 4 part time staff and 4 full time staff, any new owners could reduce this to part time staff only to increase profit levels

Financial Profile

According to the latest set of accounts (2015-2016) the business reports turnover at £162,218 with gross profit at around 52%.

The adjusted net profit is in the region of £30-£35,000.

Location

The business is located in the busy town of Shildon.

Clems Fish Restaurant is in a prime trading location in a pedestrianized area in the heart of the town, directly left of the main bus station and just 0.7 miles from Shildon train station.

Also close by is Shildon railway museum attracts which attracts a lot of trade. There is free customer parking on the same street.

The area sees a high amount of footfall and regular bus services running throughout the day. The town is easily accessible from several A roads and is connected to the national motorway network via the A688 and A1.

Premises

Well-presented shop with excellent new signage.



The entrance opens into the takeaway section of the business with a large serving area over a 3-pan stainless steel range. To the rear is a preparation kitchen with large storage room.

To the left of the shop is the restaurant with customer toilets.

Small Managers office with CCTV (6 x camera system)

The kitchen is well equipped and includes:

• Walk-in cold room with new compressor
• New boiler (with 7-year guarantee)
• 25lb potato washer
• 2 x chippers
• Rumbler
• 2 x chest freezers
• Crpto Rotapan
• Gas hob
• Washing machine
• Wall mounted storage cupboards
• Stainless steel prep tables
• Fish fridge
• Fridges
• Microwaves
• All other essential equipment and utensils.

To the rear is the kitchen which comes equipped with stainless steel workbenches and crockery, cutlery and utensils to service the busy restaurant.

1st Floor - accessed by private front door to the front of the property with a connecting door into the restaurant which is currently not used.

Hallway - loft access to large unused loft space which could further increase bedroom space if required

• Very large family bathroom with bath and over shower
• Double bedroom with fitted wardrobe and window to the front
• Large lounge with corner aspect and 2 large windows
• 2nd double bedroom with side window
• Kitchen/diner - new fitted kitchen and boiler included
• Door to - newly fitted terrace roof, large space ideal for private garden and secluded owners’ space (new roof fitted at cost of £3k)

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