Hilton Smythe welcomes to the market Chip Basket. The business was originally established in the 1970’s and was taken over by our client in 2011. This is a well-established business that sees loyal repeat trade. The owner is now looking to sell the chip shop due to the desire to relocate to America.
The business runs as a busy seaside fish and chip shop offering a traditional menu. The chippy also offers extras such as burgers, Cornish pasties, pineapple fritters, onion rings and much more. These extras on the menu have proved to be very popular. The menu could be expanded by the purchaser if required.
We are advised the business is currently generating an advised turnover of around £65,000 per annum with a gross profit of 70%. This is a great turnover that could be increased. There are several options the new owner could look into, such as opening later hours (including opening Sundays), offer lunch time specials and also by offering their services on JustEat. This site is increasing in popularity and should be something the new owner considers.
We are advised that this is an unopposed fish and chip shop making this a fantastic business opportunity. The premise also boasts very low rent, which allows for a high gross profit figure. Our client has spent money on improving the property by adding new tiled flooring, adding new phone lines and installing hand washing facilities. The property is also under going some renovation. Above the property are four new one bedroomed apartments, this should also allow for more custom.
This is an exceptional opportunity for a purchaser looking for a first time purchase in a thriving location. Hilton Smythe highly advise early viewing in order to take in the full potential.
Chip Basket is located in Sidley, Bexhill, East Sussex.
The business is situated on a main high street amongst a plethora of stores. This is a great location due to the heavy footfall in the town. We are advised that the business is approximately 2 minutes away from the beach. This is a fantastic location for a busy fish and chip shop.
Bexhill is approximately just 5 miles away from Hastings which is also a popular seaside resort. This is a short drive using the A259, which runs across the coast to Eastbourne. There is generous public transport that runs to these towns, there are bus stops a short walk away from the property which have regular daily routes out of town. The closest train station is approximately just a short 4 minute drive away.
The business is situated on a row of retail stores. The store is signed and stands out. There is a large window at the front which allows for a bright and airy interior.
Inside the chippy it is very clean and has been completed to a high standard. There is a large customer waiting area with a counter to the side. The fish and chip counter is running across the centre of the room. There is a black and white theme at the premise that allows for a light retail space. The property is well fitted and comes with all equipment.
Through to the rear is the cooking area, preparation area, chip store, staff room and a dry store. There is also a staff toilet.
Equipment included in the sale is as follows-
2 x Pan ‘Preston and Palmer ‘ range
Double fronted glass chiller
L shared prep bench
2 X Microwaves
Stainless steel fish fridge
2nd under counter fridge
Fan oven with 4 ring gas hob
Hand wash sink
Stainless steel double sink with chipper
3 x Chest freezers
There is a communal area with parking and a delivery area to the back.
We are advised the business is being sold as a leasehold opportunity.
Original lease length: 20 years
Remaining lease length: 20 years as of 2016.
Rent: £8,000 per annum
The business is opening hours-
Monday - Thursday: 11am – 2pm & 4pm – 9pm
Friday & Saturday: 11am – 2pm & 4pm - 9:30pm
The business is run and managed by our clients with the help of 2 members of staff.
The business generates a turnover in the region of £65,000 per annum.
Gross profit 70%
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