Fast Food Restaurants for sale in Isle of Wight

View the "FULLY EQUIPPED FISH & CHIP SHOP ISLE OF WIGHT" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 A great experience – we had more buyer enquiries through Daltons and the exposure was invaluable to the eventual sale 

Brian Marshall (May 2014)
View More
Leasehold Price: £89,000
Request Details
Business Description
Ground Floor single storey building running to circa 60.5 m˛ (651 ft˛) with main public area comprising 3 pan fryer/range (less than 10 years old) and supported to the rear by a generous food preparation and wash up area and to the rear of this a predominantly covered chip preparation area. The premises present in good, clean order, having been completely redecorated by the current owner, retiled, etcetera. The premises also benefit from off road parking to the front. Please see floor plan overleaf for further detail.
The business has been run by the present operator for 10 years from 1996, but in recent times, due to personal circumstances, has only been operating a 16 hours week. Thus, the business has not been able to take full advantage in particular of the potential for lunchtime and afternoon opening.
A 20 year lease from 1996 with rent reviews linked to RPI plus 2%. The current passing rent is £400 per calendar month (£4,800 per annum).
Tenure: Leasehold

Location Details:

Located on the outskirts of Newport, towards Carisbrooke, the business is very well located and supported by a densely populated residential area with plans afoot, we understand, for yet more homes to be built in the vicinity. The premises also benefit from being close to several schools, giving potential for lunchtime and afternoon trade, which is not currently being exploited to its full potential. Off street parking is also available to the front of the premises. Newport boasts an immediate population of around 25,000 and an adjusted catchment in excess of circa 60,000 when operating as the comparison shopping centre for the entire Island population of around 130,000. Continued investment in the town more recently from Starbucks, Bet Fred Pandora, J D Wetherspoon and the soon to be opened Prezzo Restaurant at the top end of the High Street, ensures its importance as a retail/leisure centre.

Leasehold Term:

THE LEASE A 20 year lease from 1996 with rent reviews linked to RPI plus 2%. The current passing rent is £400 per calendar month (£4,800 per annum).

Listed by: Gully Howard
Find out more about this business for sale opportunity by submitting the form below.
Contact Details Fields marked with an * are required by the seller
* * *
* * *
* *
* *

What happens next?
  • 1We send your email to the business seller
  • 2They will be in contact with you as soon as possible
Would you like ASC to contact you about finance options?
This is a no-obligation service. You will ONLY be contacted by your local
ASC Finance director. Your details will not be passed on to any third party.

Seller Reference:
Bookmark and Share
You May Also Like...