Fish & Chip Shops for sale in Oldham

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Mr & Mrs Campbell (Jan 2015)
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Freehold Price: £148,500 Turnover: £52,000 Gross Profit: £33,800
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and very popular fish & chip shop business in Oldham, Greater Manchester.

The business was established over 70 years ago and has been in our clients’ careful ownership since 2005. Only now is the business being offered to the market, due to our clients’ desire for a well-deserved retirement. The business currently operates 5 days per week and generates a turnover in the region of £52,000 per annum, with a gross profit of approximately 65%.

Our clients offer a traditional chip shop menu including fish & chips, pies, sausages, scallops and fish cakes, to name a few. The property boasts 73 sq. metres of floor space, with the main shop and service area to the ground floor. The first floor offers a one-bedroom flat, which could be used as owners’ accommodation or let out to generate further income. The premises were renovated under the local improvement scheme, both internally and externally in 2007, to a very high standard.

The business has built up an excellent reputation within the area for the very high quality of the food and service offered, which has resulted in a very loyal client base, with a high volume of repeat and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent food and service offered. There is also scope to expand the range of products offered, such as pizza’s and kebabs.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

LOCATION
Nelly’s Fish & Chip Shop occupies substantial two storey premises, ideally located within the town of Oldham in Greater Manchester. The business is located on the very busy Ashton Road and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a very high volume of footfall and passing trade. The area has densely populated residential areas, from which the business derives much of its trade.

Oldham is a large town in Greater Manchester. According to the 2011 census, the town had a residential population of 96,555. Attractions within the area include Oldham Coliseum Theatre, Saddleworth Museum and Stonerig Raceway. Together with several smaller surrounding towns, it is part of the Metropolitan Borough of Oldham of which it is the administrative centre.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Moston, which is approximately three miles away. The area is also well served by the A-roads, with the business situated on the A627, which links to the national A-road and motorway networks. Rochdale is approximately 7½ miles away, Bolton is 17½ miles away and Manchester city centre is 7 miles away.

PREMISES
Substantial two storey premises in a prime corner trading location, briefly comprising:

Ground floor:

Large picture window.

Full width, serve over two pan range and counter.

Good sized service area behind.

Large staff and preparation room/kitchen to rear.

Further preparation room and potato room.

First floor:

Internal staircase leading to flat.

Living room.

Bedroom.

Bathroom.

Subject to relevant planning permissions, it may be possible to construct a separate entrance from the rear yard to the flat.

External:

Electric shutters to front and rear.

CCTV

Security lights.

Well signed.

Free public car park to side with direct access through double gates to rear yard. Ideal for owners’ parking and deliveries.

Equipment included:

2 x pan range chip box.

4 x pan Bain Marie.

Microwave oven.

Drink refrigerator.

Fish refrigerator.

Pie refrigerator.

2 x freezers.

4 x burner gas oven.

A-board.

Illuminated menu boards.

Electronic cash register.

Rumbler.

Chipper.

TENURE
We are advised Long Leasehold.

Original lease length: 999 years

Rent: £3.00 per annum (peppercorn rent).

HOURS
The business is open:

Monday:   11.30am – 1.45pm and 4.00pm – 6.00pm

Tuesday – Wednesday:  11.30am – 1.45pm

Thursday – Friday:   11.30am – 1.45pm and 4.00pm – 7.00pm

Saturday – Sunday:   Closed

STAFF
The business is owner run and managed with 2 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £52,000 per annum, with a gross profit of approximately 65%.



Tenure: Freehold

Listed by: Hilton Smythe
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