• VERY WELL ESTABLISHED FISH & CHIP TAKE-AWAY
Price:
Freehold - £185,000
Location:
Cornwall, Plymouth
Business Type:
Food Service Businesses
• LOCATED IN THE SOUTH-WEST CITY OF PLYMOUTH
• SITUATED IN LARGE RESIDENTIAL AREA
• OFFERED FULLY EQUIPPED TO INCLUDE HENRY NUTTALL 3-PAN RANGE
• ALL YEAR ROUND BUSINESS ENJOYING GOOD LEVELS OF PROFITABILITY
• 2-3 BEDROOM OWNERS’ ACCOMMODATION
• REAR COURTYARD AND LARGE GARAGE
The premises occupy a prominent corner position and comprise ground floor take-away area, equipped with a 3-pan Henry Nuttall gas fired range, to the rear of which there is a preparation area and potato store. The owner’s accommodation is located over three floors with ground floor kitchen/dining area, first floor bathroom, 2 bedrooms and a lounge with spiral staircase, second floor bedroom with walk in storage area. To the rear of the property there is a courtyard and generously proportioned garage.
The business is very well established and originally opened for trade in approximately 1930 and has been in the present ownership for 28 years. The business trades 5 days a week, Tuesday to Saturday opening at lunchtime between 12.30 p.m. and 1.30 p.m. and in the evenings between 4.30 p.m. and 9.30 p.m. The present owner operates with the assistance of one full-time member of staff and two part-time staff. The business is for sale due to retirement plans and it is considered that there is scope to increase the current level of trade, which is already enjoying a good level of profitability. Turnover for the year ending 30th June 2010 amounted to £82,217, producing a gross profit of £52,567 and a reconstituted net profit before deducting finance charges, depreciation and motor expenses of £11,768. It should be noted that during this trading period a wage bill of £29,685 was incurred. It would be anticipated that new owners could, by reducing current wages costs, achieve a net profit of £40,000. Detailed accounting information will be made available to prospective purchasers subject to a viewing.
The Fish & chip Plaice is situated in South Devon, one of England’s largest conurbations. The subject premises are located in a densely populated residential area just off the A374 Embankment Road which is one of the city’s main arteries.
North Yorkshire
£ 750,000
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