Fish & Chip Shops for sale in Bingley

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Ian McGregor (Nov 2013)
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Leasehold Price: £44,950 Price Reduced Turnover: £73,324 Gross Profit: £34,233
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Business Description
BUSINESS
Hilton Smythe are delighted to welcome to the market this well-established and popular fish & chip shop, ideally located within the town of Bingley, West Yorkshire.

The business was originally established in 1995 and has been in our client’s careful ownership since 2011. Only now is the business being offered to the market due to our client’s desire for a well-deserved retirement. The business currently operates 5 days per week and generates a turnover in the region of £73,500 per annum, with a gross profit of approximately 48%.

Our client offers very high quality traditional fish & chips, fish cakes, scallops etc. The premises boasts a spacious customer service area and a large preparation area to the rear. The business has built up an enviable reputation within the area for the high quality of the fresh fayre offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is huge potential to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to promote the goods and service offered. We also feel there is potential to introduce new fayre such as pizza’s, kebabs, chicken etc.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to acquire a very busy and profitable concern; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
Bingley Fisheries occupies substantial ground floor premises, ideally located within the popular market town of Bingley in West Yorkshire. The business is situated within a parade of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The fish & chips shop further benefits from free parking facilities to the front of the premises.

Bingley town is situated on the River Aire and the Leeds and Liverpool Canal. According to the 2011 census, the town had a residential population of 18,294. Bingley provides a range of primary and secondary schools, as well as Bingley Grammar School, which was founded in the 16th century and is one of the oldest schools in the country. The town is a popular place in which to live and work, due to its proximity to Bradford and Keighley.

The area of the business is well served by the public transport system, with a bus stop directly opposite the property. Bingley railway station is less than half a mile away. The area is also well served by the A-roads, with the A650 being within easy driving distance, which links to the national A-road and motorway networks. Bradford is approximately 5 miles away and Leeds is 16½ miles away.

PREMISES
Substantial ground floor, single fronted, lock-up premises in an ideal trading location, briefly comprising:

Main open plan service area.

Serve over counter.

Large preparation area to rear.

Further room for chipping and rumbling.

WC.

Equipment included:

Three pan range.

Drink refrigerator.

2 x microwave ovens.

Small oven.

Deep fat fryer.

Potato chipper.

2 x freezers.

2 x refrigerators.

Electronic cash register.

Stainless steel preparation table with under storage.

Merlin clarify, which filters oil in the range pans.

External:

Good signage.

The property has CCTV, which is currently not working.

TENURE
We are advised Leasehold:

Original lease length: 5 years

Remaining lease length: 4 years

Review every: 3 years

Rent: £8,750 per annum

HOURS
The business is open:

Monday: Closed

Tuesday: 11.30am – 1.45pm and 4.15pm – 7.00pm

Wednesday: 11.30am – 1.45pm and 4.15pm – 7.00pm

Thursday: 11.30am – 1.45pm and 4.15pm – 7.00pm

Friday: 11.30am – 1.45pm and 4.15pm – 7.45pm

Saturday: 11.30am – 1.45pm and 4.15pm – 6.45pm

Sunday: Closed

STAFF
The business is owner run and managed with 6 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £73,500 per annum, with a gross profit of approximately 48%.



Tenure: Leasehold

Listed by: Hilton Smythe
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