FISH AND CHIP SHOP, ILFORD, ESSEX
Price:
Leasehold - £155,000
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 £83,200 pa with a net profit of £16,000. (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 this thriving, extremely busy Fish and Chip Shop which has been established since 1984. The business has been in the hands of the current owner since 1987 and he now wishes to sell in order to spend more time with family.
Services
This very good business opportunity provides Fish and Chips, Chicken, Burgers, Kebabs, Savories and soft drinks.
Staffing
The concern employs 2 staff which are part time. They are paid at the rate of £6.50 per hour. The total wage bill is £21,600. All staff would stay on after a sale.
Owners Role
The owners’ role is working and managing the business and he works full time
Marketing
The owner markets the business in the local council poster scheme.
Competition
As far as competition is concerned there is none within the locality.
Market
The client base consists of local community and business persons with high level of passing trade.
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 Sundays.
• 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.
- Situated in Newbury Park area of Ilford in Essex.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of local community and business persons.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A2, A102, A12 and good railway links.
The original length of the lease was 20 years with 20 years remaining. The rent is £16,000 pa with a review Tba. The lease may be renewable or negotiable for longer term if required. The rates are £1000
Monday to Friday – 11.30 – 22.00
Saturday – 11.30 – 22.00
Sunday - Closed
North Yorkshire
£ 750,000
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