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Well established TAKEAWAY FISH & CHIPS, BURGERS & CAFETERIA catering for br

Price:
Leasehold - £150,000
Freehold - £495,000
Turnover:
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Seller Ref:
R2932
Location:

Norfolk

Business Type:

Food Service Businesses

See Other:
Coffee shops for sale in Norfolk
Restaurants for sale in Norfolk
Cafés for sale in Norfolk
Fish & chip shops for sale in Norfolk
Fast food restaurants for sale in Norfolk
Food service businesses for sale in Norfolk
Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : The business has been in the same family for the past 32 years and there are genuine reasons for sale.

WE UNDERSTAND THAT PLANNING PERMISSION HAS BEEN GRANTED TO CONVERT THE PREMISES OVER THE RESTAURANT INTO 6 FLATS.

Front garden area with tiled floor. Space for tables and chairs for approximately 20 persons.

SPACIOUS DOUBLE FRONTED TAKEAWAY FISH & CHIP SHOP plus RESTAURANT, tiled floor, ceiling lighting. Tables and chairs providing seating for 185 persons (can be increased to accommodate 200 persons). Fully equipped including stainless steel extractor, 2-pan gas Preston & Thomas counter range, 2 electronic cash registers, upright glass fronted drinks fridge, soft drinks dispenser (on loan), 2 single door counter fridges, 8' Excel display cool unit (for cakes etc), 2 group coffee machine, Stills boiler, 2-burner hob (used for omelettes), 4 commercial microwave ovens, electric deep fryer.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with large urinal, w.c. and wash hand basin

REAR KITCHEN, rotisserie chicken machine, grill, 2 6-burner gas cookers, walk-in coldroom, walk-in deep freeze.

WASH-UP AREA with dishwasher, double sink and drainer

Storeage area

WE ARE INFORMED the turnover averages £7,000 p.w. We are further advised that the minimum winter turnover is in the region of £4,000 p.w. increasing in the summer months to in the region of £15,000/£20,000 p.w.

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 21 years full repairing and insuring lease in respect of the restaurant with 2 flats at a rental of £23,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (As will be appreciated with rental income from the 2 flats in the sum of £12,960 p.a. the present net rental payable is only £10,040).

Uniform Business Rates: £7,000 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME FAMILY FOR THE PAST 32 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £495,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Location Details:
Terraced property situated in a parade, opposite sea front, NORFOLK
Trading Hours:
Winter Months - 9 a.m. - 9 p.m. seven days per week

Summer Months i.e. June - September inclu
Accommodation:
The accommodation comprises 2 FLATS. We further understand from the vendor that planning permission has been granted to convert the premises over the restaurant into 6 flats.

Flat No. 1 at present let on a shorthold tenancy and is providing a rental income of £640 per month, however, we understand that vacant possession can be given on completion. The flat comprises:

2 Double Bedrooms
Bathroom with bath, separate shower, w.c. and wash hand basin
Large Lounge (with sea views)
Large Kitchen

Flat No. 2 also at present let on a shorthold tenancy and providing a rental income of £440 per month, however, we understand that vacant possession can be given on completion, if required. The Flat comprises:

1 Double Bedroom
Shower room with shower, w.c. and wash hand basin
Lounge
Kitchen

Rear secure parking for 6 cars
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