Fish and Chip Shop and Living Accommodation

Lincoln, Lincolnshire
REF: R06484

Asking Price:
£400,000
Annual Turnover:
£171,731
Annual Net Profit:
£25,000
REF: R06484
Photo of Fish and Chip Shop and Living Accommodation
Photo of Fish and Chip Shop and Living Accommodation
Photo of Fish and Chip Shop and Living Accommodation
Photo of Fish and Chip Shop and Living Accommodation

Overview

Tenure:
Freehold
Established:
1980
  • Excellent Reputation
  • Very Loyal Customer Base
  • Accommodation Included
  • Spacious Premises

This is a superb opportunity to purchase a sizeable, freehold premises which includes a successful local fish and chip shop and stunning living accommodation.

Trading fruitfully since 1980, the business has been serving mouth-watering fish and chips to loyal locals, garnering a fantastic reputation within the immediate area and household name status.
Upon purchase, a new owner would not only receive an immaculate, fully-fitted takeaway from which to continue running operations, but also a three bedroom house renovated to an extremely high standard.

The takeaway itself lies on the ground floor of the large detached property. There is a small waiting area at the front of the shop and a large range showcasing items available. Customers can browse the electronic overhead menu before placing their orders. Beyond this area are two large prep rooms for food preparation. A small seating area at the front is also popular amongst customers during the summer months.

Spacious and comfortable living accommodation perfectly suited to a family is also included in the sale. The ground floor hosts a large lounge and kitchen which has recently been renovated with modern appliances and décor. A small conservatory flooded with natural light leads to the rear private garden which has been well maintained. There are three large double bedrooms and a family bathroom on the first floor, with an en suite attached to the master bedroom.

As the business is currently closed everyday between 1:30pm-4:30pm, extending opening hours to include late lunchtime trade and opening on Sundays would assist in increasing takings. Potentially utilising a third party food courier to introduce a delivery service would widen its area of influence and grow sales.

To grow the business further, marketing initiatives such as leaflet drops and a social media presence would be hugely beneficial in attracting more customers.

As the current owner is willing to stay on for a transitional period, a new owner would receive a complete business handover.

Location

  • Limited Competition
  • Close to Local Businesses
  • On-Site Car Parking

Property

Rates
TBC
Accommodation Included
No
Freehold Property Value
£250,000
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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