Well Established Fish & Chip Shop
- Asking Price: £57,500 +SAV
- Turnover: The business will generate an estimated turnover of around £160,000.
- Tenure: Leasehold
Hilton Smythe are delighted to present to the market The Chip Shop Co.
A local Fish and Chip Shop business with thriving delivery trade, first established in the area over 10 years ago and recently purchased by our client in 2018 who due to other business interests is unable to give the business the attention it needs and needs to sell.
The community driven business requires an owner/manager who will develop a long-standing relationship with the local customers, the potential number of customers will nearly double in the next 2 years due to the number of new housing developments.
Historically the business offered a traditional fish and chips menu however our client has introduced an additional Peri Peri chicken menu which is proving very popular. Other choices include burgers, kebabs, southern fried chicken, pies, wraps, kids’ meals, drinks and desserts including extras such as garlic bread, battered halloumi chips and spring rolls.
The business is currently split 40% walk in trade and 60% from delivery orders.
Our clients have spent both time and money developing the delivery side of this business, this has included a fantastic new website which offers the ability to both view the menu’s, look at the excellent customer reviews, place an order, as well as follow the business on social media sites Facebook and Instagram. There is also the option to leave a review on Trip advisor as well as sign up for their customer loyalty scheme.
The business also comes with a fully branded delivery car and motorbike, both recently added to the business to help promote the delivery awareness.
Currently the 60% delivery turnover is split 30% from Just Eat and 30% from the new website. Further efforts to push their own site deliveries will of course increase the net profit of the business as Just Eat take an average commission of 16%.
Our client identifies there has been a drop in the walk-in trade especially from locals, this has been due to the opening hours not being consistent and no owner/manager being present. Simply opening longer hours especially through the day would quickly attract many of the builders working within the area but also bring back the vital local trade, including the new cross rail commuters.
Introducing a full pizza menu could also add a further 30/40% new turnover.
This part of Iver is undergoing a lot of investment and any new owner will be able to capitalize on this increased footfall and easily double the current weekly turnover which averages at £3,500
Full staff run by a full-time manager with 4 x part time staff
The business is fully staff run -
Mon- Thurs 12-2.30 pm and 4pm-10pm
Friday - 12pm - 12 midnight
Saturday - 4pm - 12 midnight
Sunday - 4pm - 10pm.
The Chip Shop Co. enjoys a prominent trading position on Wellesley Avenue at the junction where it meets Bathurst walk in Iver, Bucks.
The business is central to a parade of community led businesses which include a post office/convenience store, estate agent, hair and beauty salon, chemist and repair garage.
There is free customer parking directly outside the business and in the neighbouring streets.
This part of Iver is a hive of residential development, every street leading down to the station is busy with the construction of either new apartment projects of luxury detached family homes.
This recent increased popularity has been the result of the new Crossrail ‘Elizabeth’ line being announced to run from Iver mainline station. Taking passengers to central London without the need for change, this will also include the modernisation of the station with new facilities including a new entrance building, lifts and CCTV.
Iver is a large parish in the South Bucks district of Buckinghamshire, just 4.5 miles West of Slough and just 6 miles North of Heathrow. It is accessed just off the M25 motorway which connects to the nearby M4.
Current deliveries from the area cover just a 3-mile radius.
External - electric roller shutter protects the front windows of the shop.
Customer waiting area - 3 x high tables with 6 stools, wall mounted TV, large lit menu board. To the right is storage with a chest freezer and new branded delivery motorbike.
Soreroom / Prep area - 2 x deck pizza oven, microwave, glass fronted fridge, tall upright freezer, stainless steel prep sink, Peri Peri chicken steamer, large extraction unit, chicken fryer, griddle, charcoal grill, 2 x kebab machines, chest freezer, hand wash sink.
Chipping room - peeler and chipper with drainage.
Service area - 3 x pan ‘Frank Ford’ range, till / card machine, Just Eat order terminal, glass fronted drinks chiller, large upright fish fridge, stainless steel triple prep fridge, wall mounted storage shelving, CCTV system
The business is being offered as a Leasehold opportunity with 12 years remaining on a 15-year lease paying just £12,000 per year. The business benefits from small business relief paying 0 rates in the current year.