For Sale
Traditional Fish And Chip Shop For Sale
Thetford, Norfolk
- Asking Price: £184,995 +SAV
-
Turnover:
We are advised as per the 2023 accounts, the business generated a turnover in the region of £250,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07853
CoGoGo welcomes to the market Lil Gary's Plaice Ltd T/A Little Gary's Plaice, a highly rated Fish and Chip shop in Watton, Norfolk.
This traditional Fish and Chip shop was originally established by our client in 2005, building up an excellent reputation and regular customer base. As seen by the online ratings and reviews on Google, the business is well respected and extremely popular within the town.
Little Gary's Plaice has now come to the open market due to our clients desire to retire.
The business is the only traditional fish and chip shop in Watton, thriving on their customer service.
Key selling points -
- Well established
- Only traditional Fish and Chip shop in the area
- Excellent reputation
- Regular customer base
- Inside seating area
- Increase advertising and marketing
- Create a dedicated business website
- Extend trading hours
- Expand the menu/add a typical takeaway menu
- Introduce a delivery service via Uber Eats, Deliveroo or Just Eat
We are advised that the business has 6 members of staff.
The current trading hours are -
Monday - Closed
Tuesday to Thursday - 12:00pm - 1:30pm & 4:00pm - 7:30pm
Friday to Saturday - 12:00pm - 1:30pm & 4:00pm - 8:00pm
Sunday - Closed
Lil Gary's Plaice Ltd is located on High Street in Watton, Norfolk.
Due to its position on the main road, it receives regular levels of passing trade.
Ground floor -
- Entrance to the front of the shop
- Service counter area
- Seating area
- Office, kitchen, toilet and storeroom to the rear of the premises
- 2 Bedroom flat with a kitchen and bathroom
- Large yard
- Separate freezer shed
- Separate potato and dry goods shed
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 20 year lease (commencement date - 12th July 2019). The current rent is £13,900 per annum.
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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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