NORTH LONDON. TOP WEALTHY LOCATION, REFURBISHED AT A HUGE EXPENSE, HIGH TURNOVER FISH & CHIPS RESTAURANT WITH TAKEAWAY, FITTED AND EQUIPPED TO PERFECTION, £56,000 PA RENT INCOME FROM APPARTMENTS ABOVE, ESTABLISHED OVER 50 YEARS.
TAKINGS: We understand business is mainly run under complete Management and presently averaging Gross Takings in the region of £14,000 per week.
TENURE: New long and valuable Lease commenced in 2008 for a Term of 21 year at current Rental of £65,000 p.a. but subsidised by a Rent income of £56,000 p.a. from the 10 bedsits above.
TRADING HOURS: Trading just 6 days a week from 12.00 noon to 2.30 p.m. and 5.30 p.m. to 10.00 p.m. latest. Only 50 weeks trading a year.
ACCOMMODATION: As indicated above, the owners of this concern recently converted the above very large Accommodation into 10 separate Bedsits, which are presently producing an excellent rent income of some £56,000 per year.
BUSINESS PREMISES: Completely refurbished throughout at a cost in the region of £250,000, which will become evident when viewing. Immaculately designed throughout and inclusive of superb 80 seater restaurant plus separate adjacent takeaway shop. Viewing is the only real way to truly appreciate the time and expense the owners have devoted to this exceptional concern. Business is further complimented by a very professional layout of preparation and working facilities and condition. Once again, best quality items of equipment used.
EQUIPMENT: Included within the refurbishment costs was headed by the installation of a £85,000 7 Pan Kiremko island frying range. Rest of main items of equipment is far to numerous to list on paper, but you will not be disappointed. Every possible item of equipment is on site to handle this type of trading Fish & Chip Business.
TRADING POSITION: Located on main through road of North London, with easy access to M1, M25 and North Circular road. Surrounding district vastly populated and extremely wealthy and being in close proximity of Hampstead, Finchley and Barnet. About 30 minutes drive to West End of London.
SPECIAL REMARKS: However well this business is presently doing, it seriously lacks the input of more enthusiastic owner run hands, which we believe could eventually see present Weekly Taking increase considerably by next year. Presently controlled by Management & Staff. Possibly one of the finest Fish & Chip Business you might ever see. Established over 50 years.
PRICE: £595,000 LEASEHOLDPERSONALLY INSPECTED BY SOLE SELLING AGENTS
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