Freehold Guest House with Fish and Chip Shop For Sale
Price:
Freehold - £530,000
Location:
Lincolnshire , Scunthorpe
Business Type:
Food Service Businesses, Hotels
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped freehold business.
- Turnover in excess of £61,248 pa with a net profit of £1,765 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team.
- Low rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides Bed & Breakfast for five rooms, in addition to a fish and chip take away.
History
Phoenix Business Transfer Agents are delighted to place onto the market this very well presented Freehold Bed & Breakfast and a Fish and Chip Shop which has been established since 2007 and 1964 respectively. The business has been in the hands of the current owner since 2000 with regards to the Chip shop and 2007 for the bed and breakfast, they now wish to sell due personal reasons.
Services
This very good business opportunity provides Fish and Chips and Bed and Breakfast.
Staffing
The concern employs no staff and is family run.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known. The company currently has a website which showcases the bed and breakfast.
Competition
As far as competition is concerned there is another similar business in the local area but both businesses are able to be profitable.
Market
The client base consists of members of the public who work in the local area.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings.
• Increasing the services to include evening meals.
• Increasing opening hours of the chip shop.
• Operating a licensed bar in the guest house.
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 present annual turnover is £61,248 with a gross profit of £40,661and a net profit of £1,765. The potential turnover of the business within the next 2 years is forecast to reach £91,000 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.
- Situated in the Scunthorpe area.
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- Surrounded by industrial and commercial properties ideal for this type of business
- Commercially thriving area.
- Excellent local demographics for this type of area.
- Affluent area.
- High levels of passing trade for fish and chip shop.
Monday to Thursday 12.00- 14.00 and 17.00 – 20.00
Friday 12.00 – 14.00
The property is detached with a Chip Shop adjacent. The shop consists of a large service counter and a service area. To the rear of the shop is the preparation area which houses a chipper and potato peeler. The guest house consists of 6 bedrooms, 5 of which are available to rent out. The master bedroom houses a large en-suite bathroom. There is a large kitchen area providing facilities to seat 8 in one sitting. There is a very large lounge area which could be converted to a communal area. The premises include a very large garden and conservatory whilst also housing a double garage.
North Yorkshire
£ 750,000
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