Hilton Smythe welcomes to the market Fishy Business II, which has been a fish and chip shop for decades and in our client’s ownership since 2015.
The business is being sold along with a three bedroom flat above the shop, which is currently let at £1,300 per month, bringing in an annual income of £15,600. This could be used as owners/managers accommodation as the flat is let on a 6-month tenancy agreement.
Fishy Business II is a traditional fish and chip shop, serving a variety of fish, pies, pasties and chips etc.
There are reviews on line giving the establishment 4* google rating, 4* TripAdvisor rating and 5* Yelp rating.
Being situated in a highly populated residential area there are lots of repeat customers and many repeat lunch customers who work in the shops close by.
Fishy Business II is profit making, however, there is scope for development by looking at the following options:
• Introduce a delivery service to increase turnover
• Create a social media page to keep customers advised of any promotions etc
• Create a web site
• Leaflet the area with an introductory offer
• Re introduce grilled fish from the BBQ
• Introduce different lines such as kebabs
• Open all day Saturday
Has an A3 licence.
Hilton Smythe highly advise early viewing to avoid disappointment.Location
Fishy Business II is located on a main road in Upminster, Essex, within a large residential area.
There are many other businesses bringing a high footfall to the area and a park close by, ideal for fish and chips in the summer months.
To the rear of the premises there is parking for one car.
Upminster is a highly populated area of 12,674 as of the 2001 census, this population has grown since that time.Premises
Entrance door from the front main road into the shop with tiled floor, seating for 4 and staff access to the servery area.
Servery area has a Henry Nuttall range with:
• 3 fryers
• 2 boxes and 4 hot plate areas
• Large 4 burner BBQ still grill with extractor fan over
• Ban Marie
• Separate fryer for nuggets etc.
• Coca Cola fridge
From this area is a door to the preparation are with:
• double sink
• preparation tables
• freezers and walk in chiller
There is a door to the rear parking space and a door to the chipping room.
The chipping room has chipper etc and a door to an external hallway.
The external hallway has its own door from the rear and has doors to the toilets and a door to the flat.
The spacious three-bedroom flat is arranged over two floors includes:
• Large lounge
• Double bedroom on the first floor
• Generous master bedroom
• Double bedroom and bathroom on the second floor
• Gas central heating via radiators.
There is also a CCTV system.Tenure
We are advised the business is being sold as a Leasehold business opportunity with an annual rent of £25,000 which is for the shop and flat.
The original Lease was for 20 years from November 2015 and has 5-year rent reviews.
We have been informed that there are no business rates paid currently.Hours
The business opening hours:
Monday – Saturday Lunchtimes 11.30 am – 2.00 pm
Monday – Thursday Evenings 5.00 pm – 9.30 pm
Friday & Saturday Evenings 5.00 pm – 10.00 pm
The business is run and managed by our client, with the help of 2 x part time members of staff.Financial Profile
Fishy Business II generated an advised turnover of circa £77,246 as of the 2017 accounts, with a gross profit of 59%.
There flat generates an annual income of £15,600
The assets being sold with the business are worth £15,000 at a conservative estimate.