Fish & Chips Restaurant in South Wales

Porthcawl, Mid Glamorgan
REF: 04389

Asking Price:
£55,000
Annual Turnover:
TBC
Annual Net Profit:
TBC
Recently Sold
REF: 04389
Photo of Fish & Chips Restaurant in South Wales
Photo of Fish & Chips Restaurant in South Wales
Photo of Fish & Chips Restaurant in South Wales
Photo of Fish & Chips Restaurant in South Wales

Overview

Tenure:
Leasehold
Established:
2016
  • Recently Refurbished
  • Spacious Premises
  • Excellent Reputation
  • Huge growth potential

A superb opportunity has arisen for a new buyer to acquire a Fish and Chip Restaurant in Porthcawl, South Wales.

Trading from large premises with ample space for 80 covers, the business has built a solid reputation for producing high quality food and now enjoys numerous 5-star online reviews on Facebook and TripAdvisor.

With a turnover in the ascendency and a growing reputation for excellence, this is an ideal opportunity for an entrepreneur looking to acquire a catering business with huge potential.

The business trades as a highly-regarded Fish and Chip Restaurant located in the popular coastal town of Porthcawl, South Wales.

Having undergone a comprehensive scheme of refurbishment, the business now attracts a large customer base from across the community, along with tourists and day visitors. The Restaurant serves an excellent range of fish and chip dishes along with hot meals, snacks, waffles and ice cream. Featuring a 5-star FSA for hygiene and numerous outstanding reviews on Facebook and TripAdvisor.

The business is easily recognisable due to its prominent detached premises, large double fronted glass façade and clear signage. The interior décor is attractive with claret red leather seating and immaculate decoration. Directly behind a large serving counter are Preston & Thomas fryers and coffee machines. Beyond this space is a well-equipped commercial kitchen, preparation rooms, storage space and a separate customer and staff toilets. To the first floor is a four bedroom apartment with living area, kitchen and bathroom.

Intelligent Business Transfer are pleased to offer to the market a fantastic opportunity for a new buyer to purchase a recently refurbished eatery in South Wales.

Established in 2016, the business has demonstrated rapid growth and now achieves a weekly turnover of £1,600. The current owners are looking to relocate for family reasons, creating an ideal opportunity for a new buyer to build on the strong foundations already in place.

There are several areas available for considered expansion by an enthusiastic new buyer. The current owners decided to keep profits below the VAT threshold with reduced opening hours, creating a huge opportunity to increase profitability by expanding these hours, perhaps to include breakfasts, evening takeaway, deliveries, opening on Mondays and offering outside catering.

Intelligent Business Transfer have been requested to find a suitable buyer.

Features

Online Presence

Website: Face Book Page

Location

Property

Annual Rent
TBC
Annual Rates
TBC
Lease Term (Years)
9
Lease Expiry (Year)
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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