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£0 £1000000

Britannia Takeaway Stamford Lincolnshire PE9 1BY

Stamford, Lincolnshire

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£110,700 +SAV

Ref: 2974

Leasehold

Overview

Hilton Smythe is delighted to welcome to the market Britannia Takeaway. The business was originally established in the 1970’s and has been a great success in this location. Our client first took over the takeaway in 2005 but is now looking to sell the business due to the desire to take a well-deserved retirement. The business runs as a traditional fish and chip shop selling a great range of products such as southern fried chicken, burgers and kebabs. The takeaway is open over lunch and in the evenings; generating a healthy turnover of approximately £122,450 per annum with a gross profit of 85%. The business receives a large amount of trade from the locals that live on the estate. We feel the business could boost turnover by extending the range of products on offer like pizzas and curries. A new owner could also introduce a delivery service within the area or embark on a modest marketing campaign to promote the goods and services offered. There is also scope to join popular websites such as Just Eat. This premise is in a great location and also comes with a self-contained flat above the shop. This would be perfect for owner’s accommodation. However this flat could also be rented out to generate an extra income. Hilton Smythe highly advise early viewing of this popular fish and chip shop.

Turnover
The business generates a turnover in the region of £122,450 per annum.With a gross profit of around 85%

The business is run and managed by our client with the help of 1 full time and 2 part time members of staff.

The business is open- Monday - Friday: 11:30 – 2pm & 4:30pm – 9pmSaturday: 11:30am – 2pm & 4:30pm – 10pmSunday: Closed

Britannia Takeaway is located in a residential area of Stamford, Lincolnshire. This location is fantastic for the take away as the business receives much of its trade from the local residents. The business is on a small retail parade with a Chinese take away and a hair salon. The businesses benefit from free on street parking, there is also some side street parking. The business is located on a housing estate not too far away from Stamford town centre. The area has several bus stops each just a short walk away from the business. These bus stops have regular daily routes in and around the town. 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.

The fish and chip shop highly benefits from a large premise. The front of the store is well signed with a glass frontage. Inside the chippy are chairs for waiting customers and a large serving counter which is the full length of the premise. Equipment includes-4 x chairs.Stainless steel service counter Built in 4 x pot Bain Maries TillDouble door drinks chiller Display boards Central Island 4 x Pan range with warmer cabinets.GriddleFish fridgeUpright commercial stainless steel fridge Fridge freezer2 x Pot Bain Maries Double kebab machine with extractor2 x Microwaves4 x Stainless steel preparation tables Rear area:Storage room 1 (former cold store) 2 x chest freezers.Storage room 2 – racked and shelvedWash room with door to w/c. Prep Room:4 x burner cooker Stainless steel shelving/cabinet unit Commercial sink with 1 x drainer Hot water boiler ChipperRumbler1 x Stainless steel preparation table Meter cupboard Above the store is a generously sized self-contained flat. There is external access stairs for the flat. The flat consists of 2 double bedrooms, open plan living room, dining room and kitchen. There is also a family bathroom with a shower over the bath and a storage cupboard. To the back of the premise are two rear allocated parking spaces.

Tenure
We are advised the business is Leasehold. Original lease length: 15 yearsRemaining lease length: 14 yearsReview every: 5 yearsRent: £14,500 per annum

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