Fish and Chip Takeaway

Newcastle upon Tyne, Tyne & Wear
REF: 01125

Asking Price:
£35,000
Annual Turnover:
£286,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 01125
Photo of Fish and Chip Takeaway

Overview

Tenure:
Leasehold
Established:
1980
  • Weekly T/O £5,000
  • GP: 70%
  • Huge Net Profits
  • Low Rent
  • Viewing recommended

A solid opportunity to take over this extremely well established takeaway and Fish and Chip shop in the heart of Byker.

The business is the only takeaway on the pathway from the area's Metro through to the high street.

The business trades from an extremely efficient ground floor lock up unit and has been in the same building since inception.

The takeaway is entered through a single doorway to the left hand side of a glazed shop face. This leads directly into the medium sized waiting area and open plan kitchen.

There is a salad bar and preparation area to the righthand side and more heavy commercial cookers and ranges to the rear.

The business is extremely well fitted and has benefitted from significant investment from the current owners.

There is a large amount of preparation areas as well as a secured entrance to the rear.

Intelligent Business Transfer are pleased to offer to the market this extremely well known and recognised takeaway. The business is a fine example of a high street caterer and holds an unrivaled share of the local market place.

The takeaway specialises in Fish and Chips as well as Kebabs and general meals. The Fish and Chip side to the business is extremely popular and has little competition.

The business has been trading in the same position in Byker since inception, over 15 years ago. The business is positioned on the main bridgeway from the towns centre to the Metro which is the most used transportation to the city of Newcastle.

The business is extremely well fitted and is genuinely ready to run for any purchaser; the current owners has spent in the region of £50,000 to bring the business to its current standard.

The business is currently owner operated with the help of a competent team of staff who would be available to any purchaser.

The business offers potential for growth with a delivery service and larger online presence.

The business holds a domination share of the local market due to its position and popularity. As a result of the business is able to set prices to private profits of circa 70% on general items.

This takeaway would fully suit any owner operating partnership who could in turn reduce overheads and develop the business to a revenue that exceeds £10,000 a week.

The current owner are wishing to sell after a successful career within the industry as they plan to emigrate to Canada, the condition and standard of the business has been an absolute credit to themselves.

Viewing necessary.

Location

Property

Annual Rent
£11,000
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
TBC
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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