Archived
Modern Fish & Chip Shop with Late License
Edinburgh, Scotland
- Asking Price: £49,950 +SAV
-
Turnover:
For Further information please reference B04357.
- Tenure: Leasehold
Please quote reference B04357
Hilton Smythe are delighted to welcome to the market an opportunity to acquire a truly outstanding traditional Fish & Chip Shop business that has built up an enviable reputation with many loyal & repeat customers.
After many successful years of trading our client has only now placed the business on the market as he looks to retire from the industry.
We are advised by our client that they have recently received a late license and are able to open until 2am
The business itself offers traditional fish & chips along with pizzas, pastas and kebabs resulting in a consistent turnover for many years and in addition to the financial figures that the business reports it must be clearly stated that these have been achieved with the business operating on slightly reduced hours as no late licence is currently in place, leaving huge potential to take the business to the next level.
Concorde Fish Bar operates from an immaculately presented traditional takeaway shop and has undergone an extensive programme of refurbishment and is presented in a superb “turn-key” condition. It prides itself on delivering the highest quality food cooked fresh to order, along with an exceptional level of customer service.
There is scope to further increase the already impressive level of turnover with the introduction of revised opening hours (subject to late licence application), offering a delivery service and introducing some new additions to the menu along with the introduction of a website to promote the business and the ability to place orders online.
This is an excellent opportunity for a new owner to take this already thriving and exciting business to the next level.
Viewing is highly recommended to fully appreciate this very well run & immaculate business.
The price of the business is negotiable and the seller is open to offers.
The business is run & managed by the owner, 1 full time & 2 Part time staff members staff.
The business currently operated the following hours,
Monday to Sunday 1200 – 2300
Concorde Fish Bar is located in the busy and popular Tollcross area of Edinburgh a short distance from the city centre, and benefits from being in a prominent trading location, and surrounded by a mixture of complementary businesses and residential property, leading to a consistently high level of footfall & passing trade.
Edinburgh is the capital city of Scotland, it is the second most populous city in Scotland and the seventh most populous in the United Kingdom.
Edinburgh has a population of circa 487,500 and lies at the heart of a larger urban zone with a population of 778,000.
The city has long been known as a centre of education with 4 universities within close proximity to the business.
The city's historical and cultural attractions have made it the second most popular tourist destination in the United Kingdom after London, attracting over one million overseas visitors each year.
Historic sites in Edinburgh include Edinburgh Castle, Holyrood Palace, the churches of St. Giles, Greyfriars and the Canongate, and the extensive Georgian New Town, built in the 18th century.
Concorde Fish Bar is located within a substantial ground floor take away premises, immaculately presented and maintained to the very highest standard, entered via ground level into a bright, airy and inviting interior, briefly comprising.
Main Shop
Customer ordering & payment point with wall mounted, information notice board & highly visible wall mounted menu.
Equipment Included,
• Preston & Thomas range with heat boxes,
• Large stainless-steel service counter
• Till system,
• Glass fronted display chiller,
• Coffee machine,
• Slush machine,
• Drinks chiller,
• Ice cream chiller,
• Display shelves,
• Double pizza oven,
• Kebab machine,
• 4 ring gas burner stove,
• Further preparation work surface area,
• 6 pot bain Marie,
• Modern extraction system,
• Sink area.
Rear Shop Area 1
• Walk in chiller,
• Double stainless-steel prep sink area & further shelving.
Rear Shop Area 2
• Chipper machine,
• Peeler,
• 3 x chest freezers
• Storage shelving,
• Stainless steel prep table,
• Staff toilet.
Rear Shop Area 3
• 3 x chest freezers,
• Sink area,
• Blender,
• Further storage.
The premises also further benefits from a generous basement area, that could (subject to planning) be used to expand the business.
Tenure
We are advised that Tenure is offered on a Leasehold basis. Asking price is negotiable.
Lease is £38,000 per annum,for the first year, After one year the rent will be £45,000.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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