£0 £1000000
£0 £1000000

Long Established Chippy with Accommodation

Nottingham, Nottinghamshire

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Sold

£94,995 +SAV

Ref: 14131 F

Leasehold

Overview

Hilton Smythe welcomes to the market Quality Fish Bar Limited. The business has been operated by the current owner for over 20 years and continues to serve the local community as well as passing commuters alike. The business now comes to the market as our client looks towards a well-deserved retirement. This well-established Fish & Chip shop has a varied menu which includes the traditional staples of a chip shop along with Kebabs and Pizzas, burgers, wraps, jacket potatoes and southern fried chicken all prepared within spacious and immaculately presented surroundings. The business is a member of the just eat community as well as offering a delivery service. The business presents an excellent opportunity for an operator to take an already established business and to put their own spin on things. The delivery service could be expanded and there is also the potential to open on a Sunday to generate further income which would prove popular with the locals. The business also has the benefit of spacious accommodation above. In immaculate condition, the accommodation is included in the lease and currently let out which could be made available to the new owner to live in or continue letting out to generate additional income.

Turnover
We are advised the business is currently turning over in the region of £250,000 per annum. The rates payable are currently £3,000 over a 10 month time period and are currently under review.

The business is run and managed by the current vendor with family assistance plus 4 x part time staff.

The opening hours are currently:-11.30 till 14.30 and 16.30 till 22.00, Monday, Tuesday and Wednesday11.30 till 22.00 Thursday, Friday and Saturday.The business is currently closed on a Sunday.

This busy chippy is situated amongst a row of busy shops along the Southchurch Drive in Clifton Nottingham. The site has the benefit of being surrounded by a large residential community and is on one of the main roads in and out of Nottingham. In the vicinity are a host of complementary retail outlets including Vets for Pets,Co-op, Bakery, Maid Marian convenience store ,Bed shop, Charity shop and Pharmacy bringing good footfall to the area.The business is also located along the new tram route which now services the City as well as having the added benefit of off road parking to the front and also in the surrounding the area. Approval has been granted for 3,000 new homes within walking distance of the shopping parade.

Centre position premises situated along a row of shops on Southchurch Drive in Clifton. Spacious shop with separate preparation areas including a cold store and chipping room covering approximately 175sq m. Four pan chip fryer, refrigerated display units, all stainless steel preparation tables and storage units. Chipping machine, kebab spits and double pizza oven. A full extraction system has been installed and is regularly serviced. Illuminated menu’s and cold drinks fridges and display fridge units. All the following equipment is new:- potato cleaning/chipping machinery. display fridge and Pizza oven. On the first floor is the 3 double bedroom apartment with a lounge diner and separate WC and bathroom which is included in the lease and currently let out on an assured shorthold tenancy agreement at £6480 per annum.

Tenure
We are advised the business is being sold as a Leasehold opportunity,A new 20 year lease is available with tenant only break on the 5th year, commencing 18th August 2017.The current rent passing at £17,000 per annum

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