Fish & Chip Shop In Bolton Market

Over 50 Years Trading History, Same Owner
**Annual Accounts 2019/2019 Year End 05 April 2019**
Annual Turnover £77,153 (Audited Accounts 05.04.19)
Gross Profit £55,827 (Audited Accounts 05.04.19)
5* Food Hygiene Rating
Handover Period Offered to New Owners
Currently Trading on 20 Hours A Week
Scope To Open For Breakfast Trade
Town Centre Trading Location
Customer Seating For 54
Owner's Health Forces Sale
EPC - Not Required
REF 6496 – Leasehold Fish & Chip Shop

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

INTRODUCTION

Market Chippy has been trading since 1960 with our client in ownership since 1960. The business has firmly established itself within the local community, having gained a large, repeat customer base and occupying a superb trading position at the main entrance to Bolton Market. The shop serves quality chips, fish, pies, puddings, sausage and hot beverages and customers can eat in or takeaway. Our client has secured an excellent reputation and a five star hygiene rating.

LOCATION

Situated at the main entrance of Bolton Market, the business occupies an enviable trading position on a busy main road. The property also forms part of the corner stone entrance to the outdoor market. Bolton is a bustling town centre and other businesses close by include stalls, small shops and large multiples such as Morrisons. The area is also home to Bolton College and Crompton Place Shopping Centre. Bolton is well linked by the M61 and A676 with excellent public transport links (Bolton Railway Station and Bus Station are within walking distance) and parking is available in the immediate vicinity.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator and is only available due to our client's retirement desires. Therefore, the business is offered for sale and 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 25 years and began in 1995 at a cost of only £230 per week. A new lease on the main shop is currently being negotiated. the smaller unit has a further 5 years left on the lease,

BUILDING LAYOUT AND DESIGN

The business occupies an impressive and imposing corner unit forming one the entrances to market. Bolton Market has recently undergone redevelopment and has a food hall as it’s centre piece featuring a wide range of takeaway foods. The business is well branded with large signage in place above a triple frontage. Inside, the main dining area offers seating for 54 on traditional, freestanding tables and chairs. The servery is positioned to the side and is made up of counter area and heated display ovens. To the rear is a preparation area and well equipped kitchen fitted with rumbler, chipper, chest freezer, fish fridge and much more. All areas are presented to a good standard.

STAFF

The business is currently operating with four part time members of staff in employment supporting our client working on a part time basis.

FINANCIAL DETAILS

Market Chippy has traded solidly during the last fifty years. The latest accounts for the 2018/2019 Financial Year (Audited 05.04.2019) shows and annual turnover of £77,153 (Audited 05.04.2019) with a gross profit of £55,827 (Audited 05.04.2019). Full financial details are available upon viewing. It is to be stressed that the business is currently being run at a pace to suit and opening for only 20 hours per week. There is scope and demand to return to previous opening hours when we are advised turnover was significantly higher.

BUSINESS RATES

The rateable value is £7,700. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading location and has a most impressive trading history within this bustling and recently redeveloped town centre. There is plenty of scope to develop the business further with the introduction of longer opening hours and days. 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:
Rumbler

Chipper

Bath

Chest freezer

Upright freezer

Fridge

Fish fridge

Conv oven

Dishwasher

3 Pan Ellidge and Fairley

Bain Marie x 2

Table & Chairs

Electronic till