Fish & Chip Shops for sale in Bolton

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Fish & Chip Shop & Accommodation In Bolton

Bolton, Greater Manchester, England

  • Leasehold Price: £28,900
  • Annual Turnover: £92,521
  • Annual Gross Profit: £58,261
  • Annual Net Profit: £48,474
Seller Reference: 6504
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Business Description
 
 
 
 
 
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Seller Reference: 6504
Request Details
Business Description
Densely Populated Residential Trading Location in BL1
Accounts to Year End 5th April 2018
Annual Turnover £92,521
Gross Profit £58,261
Net Profit £48,474
Accounts Available Upon Viewing
Low Rent of £111 Per Week
Includes 2 Bed Owner Accommodation
Established Over 20 Years
Serving Traditional Fish & Chips & Chinese Food
5* Food Hygiene Rating
Scope To Introduce Just Eat & Deliveroo
EPC - D
REF 6504 – Leasehold Fish & Chip Shop & Accommodation

Blacks Brokers are pleased to bring to the market this leasehold fish and chip shop with accommodation located in a busy and much sought-after residential area of Bolton, Greater Manchester.

INTRODUCTION

Morning Tide Fish & Chip Shop has been trading on Mornington Road for over twenty years with our client in ownership since 2009. The business has become well known in this area of Bolton offering traditional fish and chips as well as Chinese food on a takeaway basis. The shop has gained a large, repeat customer base and our client has secured a superb reputation and excellent online reviews are noted on Google. The business boasts a five star hygiene rating.

LOCATION

Mornington Road is positioned within a busy and popular residential area of Bolton close to Bolton School, The Bolton Steam Museum and Queen’s Park. This area is well linked by the M61 and A58 with excellent public transport links and free roadside parking is available immediately outside the shop.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but is offered for sale due to the demands of our client's family commitments in China. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is twenty years with rent reviews every three. The current lease began in 2009 at a cost of £111 per week – this includes the two bedroom accommodation.

STAFF

The business is currently operating with only our client in employment working on a full time basis.

FINANCIAL DETAILS

Morning Tide Fish & Chip Shop has traded solidly during the last twenty plus years. The accounts for year ending 2018 show annual turnover of £92,521 with a gross profit of £58,261 and a net profit of £48,474. Full financial details are available upon viewing.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies an excellent trading position in a busy residential area and the lease includes a two bedroom accommodation which offers an opportunity to sub-let if not required by a new owner. There is plenty of scope to develop the business further with the introduction of local deliveries, website with ordering system, social media presence and partnerships with websites such as Just Eat, Deliveroo and so on. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
3 Pan Chip Range

Chipper

Rumbler

3 Hob range

Freezer

Fridge

Bain marie

Convection oven

Microwaves
Trading hours:
Mon - 11:15am–1:30pm / 4:15pm–9:30pm
Tues - 11:15am–1:30pm / 4:15pm–9:30pm
Wed - 11:15am–1:30pm / 4:15pm–9:30pm
Thur - 11:15am–1:30pm / 4:15pm–9:30pm
Fri -11:15am–1:30pm / 4:15pm–9:30pm
Sat - 4:15pm–9:30pm
Sun - 5–9pm
Tenure:
Leasehold
Is accommodation included?:
Morning Tide Fish & Chip Shop occupies a well presented, mid terraced property within a row of residential properties. The shop has good branding and signage in place above a traditional bay window. Inside, the main customer servery is fitted with stainless steel counter, display heaters and menu boards above. There is a small preparation area immediately behind the counter and a larger commercial kitchen to the rear. This is well equipped with three pan chip range, bain marie, convection oven and much more. The chipper and rumbler are located in an outhouse to the rear of the property within an enclosed back yard. Morning Tide Fish & Chip Shop occupies a well presented, mid terraced property within a row of residential properties. The shop has good branding and signage in place above a traditional bay window. Inside, the main customer servery is fitted with stainless steel counter, display heaters and menu boards above. There is a small preparation area immediately behind the counter and a larger commercial kitchen to the rear. This is well equipped with three pan chip range, bain marie, convection oven and much more. The chipper and rumbler are located in an outhouse to the rear of the property within an enclosed back yard.
Location Details:
Bolton
Leasehold Term:
£130 Per Week
Listed by:
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