FISH AND CHIP SHOP, CLACTON – ON- SEA, ESSEX
Price:
Leasehold - £80,000
Business Type:
Food Service Businesses
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £140,000.00 pa with a net profit of £40,000.00 (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market a thriving busy fish and chip shop which has been established since2011. The business has been in the hands of the current owners since July 2011 and they now wishes to sell due to unexpected personal reasons.
Services
This very good business opportunity provides fish and chips, pies, sausage in batter, and various curries
Staffing
The concern employs one part time staff at weekends and is a family run business. The total wage bill is £25,200.00. All staff would stay on after a sale.
Owners Role
The owners’ role is managing and overseeing the business and they both work full time.
Marketing
The owner markets the business in local papers and does not have a website.
Competition
As far as competition is concerned the nearest is at least a mile and a half away
Market
The client base consists of local community, business persons and tourists.
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 product line to include more variety of foods.
• 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.
Property Details
The property is terraced and is part of a parade of shops and is approximately 45ft x 30 ft. The front is branded with an attractive glass front. The main customer service area is tiled.It is very well presented and is very conveniently laid out.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £80,000.00
First Floor
On the first floor there is a two(2) bed roomed flat.
External
To the front there is off street parking.
To the rear there is parking for at least 5 vehicles.
Financial Details
The present turnover is £140,000.00 per annum with a gross profit of £70,000.00 and a net profit of £40,000.00 The wages are £25,200.00 The present value of the stock is £500.00
The potential turnover of the business within the next 2 years is forecast to reach £237,200 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.
- Situated in bustling area of Clacton-On-Sea in Essex.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of local community, business persons and tourists.
- Area offers exceptional lifestyle.
-Outstanding tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A12, A120, A133 and good railway links.
The original length of the lease was 15 years with 14.5 years remaining. The rent is £13,800.00 pa with a review tba. The lease may be renewable or negotiable for longer term if required. The rates are £3,500.00
Monday - 1630 - 2130
Tuesday – Sunday – 1200-1400 and 1630 - 2130
The original length of the lease was 15 years with 14.5 years remaining. The rent is £13,800.00 pa with a review tba. The lease may be renewable or negotiable for longer term if required. The rates are £3,500.00
North Yorkshire
£ 750,000
|
|
Business Services that may be of Interest:
|
|
|