Short Distance From Town Centre
Operating Just 5 Days A Week
Accounts Available Year End 31st March 2020
Annual Turnover £92,288
Gross Profit £57,669
Accounts Available After Viewing
Five Star Food Hygiene Rating
Scope To Introduce Deliveries
Potential To Increase Turnover By Expanding Menu
EPC - C
Blacks Brokers are pleased to bring to the market this freehold traditional fish and chip shop located in Bury, Greater Manchester.INTRODUCTION
Wood Street Chippy has been was built on Wood Street in 1876 and our client has been operating the business for the last 20 years. Our client has built upon the solid trading heritage and the business has earned an enviable reputation within the town and surrounding area.
Wood Street Chippy has a strong social media presence with over 800 Facebook followers and five star reviews on Trip Advisor, five star reviews on Facebook and 4.9 stars in Restaurant Guru with a five star hygiene rating.LOCATION
The business is located in Bury just half a mile from the Town centre. The business has big brand names close by such as Aldi, Lidl and B&M Bargains and benefits from heavy footfall in this densely populated area just two miles from the M66 motorway network. REASON FOR SALE
This opportunity has become available due to our clients’ retirement plans and therefore the business has been placed on the open market at this appealing price point. LEASE
The building is available on a freehold basis and as such no leases are applicable. We are informed by our client that the property is brick construction. BUILDING LAYOUT AND DESIGN
The building is an end terrace property with ample on street parking. It is single fronted with a large window.
Once through the main door there is a customer serving area and a full height counter with a 2010 Mallinson’s range and a preparation area leading to the rear with a domestic kitchen.
There is a cellar with chipper and rumbler and excellent storage facilities.
On the first floor is a large lounge, small office, double bedroom, single bedroom and “Jack and Jill” bathroom. Externally there is a small yard to the rear with garden shed
The living accommodation has a separate entrance which makes its ideal to be placed on the rental market to produce an additional income stream and it is presented to an exceptionally high standard.
The property is secured with an alarm and a three camera CCTV system. The property is centrally heated. STAFF
Our clients operate the business on a full time basis and are supported by two part time members of staff. All staff are casual but are happy to stay on once the business is sold to provide continuity to the customers ensuring a smooth handover. There is also the possibility for the current owners daughter to stay on and manage the business should this be of benefit to a new owner.FINANCIAL DETAILS
According to the latest set of accounts Y/E March 2019 the business produces a turnover of £93,639 with a gross profit of £55,745. The business produces an unadjusted net profit of £36,910. The business has produced high net profits consistently over the years. BUSINESS RATES
The business currently benefits from Small Business Rates Relief. SUMMARY
This is a well respected traditional fish and chip shop that has a trading heritage that spans almost twenty years. The business is truly at the heart of the local community and our client has built a fine reputation. The building offers great flexibility and the opportunity to create a lucrative additional second income by placing the living accommodation on the residential rental market should the new owner wish to do so. The equipment within the business is of good quality and high value. The range is serviced annually and is a 2010 model. The business operates on short hours and has a basic menu providing an excellent opportunity for a new owner to expand the menu and introduce a delivery service using Just Eat and Hungry House.
The business would ideally suit an owner operator team who could push the business even further by broadening the menu and extending the opening hours.
This is an exciting opportunity so early viewings are advised. Fixtures:
2010 Malls Sons Three Pan Range
Mallinsons Bain Marie
Single Upright Fridge x 3
Upright Fridge Freezer
Under Counter Freezer
TUE: 11:30 - 13:30
THU & FRI: 11:30 - 13:30 / 16:30 - 19:30
SAT: 11:30 - 13:30