BUSY FISH & CHIP TAKEAWAY WITH MASSIVE POTENTIAL IN ILCHESTER, SOMERSET
Price:
Leasehold - £36,000
Location:
Somerset , Ilchester, Yeovil
Business Type:
Food Service Businesses
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £45,000 with a net profit of £7,200. (See financial summary below).
- A business with great potential which has not been exploited because of the lack of investment in food ranges provided, delivery services and staffing levels.
- An easily run operation.
- A good first time buyers business and ideal purchase for a husband and wife team or family run concern.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a traditional Fish & Chips takeaway.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Fish & Chip Takeaway which has been established since 1991. The business has been in the hands of the current owner since 2008 and she now wishes to sell due to retirement.
Services
This very good business opportunity provides a traditional Fish & Chips takeaway.
Staffing
The concern employs no staff.
Owners Role
The owner runs the business alone.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of local residents with high volumes of passing trade from the local MoD base in nearby Yeovilton.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Monday and Sunday trading and opening later during evening hours (11pm).
• Increasing the product line to include Pizza and Kebabs.
• Increase the services to include free deliveries.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made. The owner would also be happy to work part-time for the new owners for 2 to 3 days a week to aid the transition of new ownership with the well established local clientele.
The present annual turnover is £50,000 with a gross profit of 55% and a net profit of £7,200. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £105,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Superbly situated in Ilchester near Yeovil in Somerset.
- Prominent location on main arterial road.
- An integral part of a petrol filling station in the heart of the village near RNAS Yeovilton which has 4300 personnel.
- Excellent free parking facilities.
- Surrounded by a well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Well linked with the A37, A303, A372, B3151 and M5.
- Yeovil, Taunton, Bridgwater, Glastonbury and Wells all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
The current lease is a rolling agreement with a very liberal and accommodating landlord. The rent is £7,800 pa. The lease may be renewable or negotiable for longer term if required. The rates are currently free of charge. This rolling agreement is protected by the 1954 Landlord and Tenant Act.
Tuesday to Saturday: 12am to 2pm – 5pm to 9pm
Sunday to Monday: Closed
North Yorkshire
£ 750,000
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