Business Hilton Smythe welcomes to the market Mo`s Plaice Ltd. The business was originally established by our client in 1995. This is a well-established business in the area, that benefits from repeat loyal trade. The owner is now looking to sell the takeaway, due to the desire to take a well-deserved retirement.
The business runs as a fish and chip shop offering a traditional menu. This includes fish, pies, pudding, burgers, and a variety of refreshing drinks. The takeaway also doubles up as an Italian takeaway selling freshly baked pizzas and garlic breads.
Included in the sale is a fully equipped restaurant which is to the left of the fish and chip shop. The restaurant is now closed but it did offer a more varied menu.
The business generated a turnover in the region of £61,000 as of the 2014 accounts, with a gross profit of 48%. The business has huge scope to boost this figure massively. We feel that the purchaser could look to offer deliveries to the local area. This could be a popular service that would allow for an increase in trade. Advertising on sites such as JustEat and HungryHouse would further benefit the delivery service.
The restaurant is an excellent size and boasts 40 covers. The purchaser should look to re-open the restaurant as this is a great asset to the takeaway. Restaurants are a great way of generating trade throughout the whole day. Bistro nights would also be a great way to boost trade once again.
Set above the business is a three bedroom owners accommodation. This is a fantastic size, each room is bright and spacious. This would be perfect for a family. The business and accommodation are both ready to move into.
This is a fantastic Freehold opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
Location Mo`s Plaice Ltd is located in Dollar, Clackmannanshire.
The business is situated on a main high street in the town. There are a variety of retail outlets in this location. Most of which are independent retailers. Close by there is a florist, beauty salon, delicatessen, art gallery and a Co-Op. The street is lined with on street parking bays and just off the main high street is ample residential property; from which the business generates much of its trade.
Dollar is a great location with an enthusiastic community spirit. The town has quaint stone built building and thrives in character. Just out of town are rolling fields and the Ochil Hills. Dollar has two areas, this includes the new town which the business is located and the old town. The old town boasts The Old School House and Castle Campbell which are historical buildings. Although this is the smallest county in Scotland, this town is popular with tourists. Castle Campbell is a Natural Trust Site in Scotland and is kept well-maintained by Historic Scotland. Dollar is also home to Dollar Academy which has circa 1230 pupils. This is known to be the most significant building in Dollar.
The A91 on which the business is located is an arterial road, that runs from Stirling across to the M90 motorway at Milnathort. There is a bus stop just a short walk away. This has regular daily routes into Stirling and Larbert. The closest train station is in Stirling, just a 25-minute drive away.
Premises Mo`s Plaice Ltd boasts a substantial sized property on a main road through the town. The property is well-signed, clearly visible to passing trade. There are separate entrances for the takeaway fish and chip shop and the restaurant.
The chip shop is located on the right side of the building and opens up to a serving area with stainless steel serve over counter. Behind the counter is the 2-pan range and preparation kitchen with a full commercial kitchen to the rear.
The kitchen is equipped with-
6 hob burner
Stainless steel workbenches
Double pizza oven
All other fixtures and fittings
There is an external potato store to the rear.
To the left of the building is the restaurant area. The restaurant is currently not trading but has a capacity for 40 covers and is fed from the fish and chip shop kitchen. There are male, female and a disabled toilet. The restaurant is equipped with coffee machine at the serving area to the front and has all table and chairs in storage to the rear.
To the right of the fish and chip shop is a courtyard/garden area with parking for the owner’s car and access to the owner’s accommodation on the first floor. There is also a rear entrance to the fish and chip shop kitchen.
Internal stairs lead up to the first-floor landing with access to the living room, kitchen and bathroom. There are 3 bedrooms, one with fitted wardrobes. The current owners use one as a dining room and another as a second lounge. The accommodation is well-presented and has been completed to a high standard.
Tenure We are advised the business is being sold as a Freehold opportunity.
Leasehold option available £35,000.
Business and accommodation rent per week £500.
Hours The business opening hours: -
Monday - Sunday: 3:30pm – 9/10pm
During school term the business is also open 12:30pm – 1pm
Staff The business generated a turnover in the region of £61,000 as of the 2014 accounts.
Gross profit 48%
Financial Profile The business generated a turnover in the region of £61,000 as of the 2014 accounts.