Fish & Chip Shops for sale in Dundee

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Very profitable traditional fish & chip shop for sale in Monifieth, Angus

Dundee, Angus, Scotland

  • Freehold Price: £325,000
  • Under Offer
  • Annual Turnover: £460,000
  • Annual Net Profit: £180,000
Seller Reference: Seaway
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: Seaway
Request Details
Business Description
• Compact, easily managed unit
• New frying range installed 4 years ago
• Potential for extended menu & deliveries
• Consistent turnover and very profitable business
• For sale due to retirement

The subjects comprise a modern hot food takeaway unit, trading as a traditional fish and chip shop. The premises were subject to refurbishment in the recent past, with a new frying range installed to the premises around four years ago. The property comprises a front sales area together with rear kitchen/preparation area and staff WC.

Seaway Chip Shop has been operated by the current owners for 35 years and they are offering the business for sale as they now wish to retire from the trade.

The business operates as a traditional fish and chip shop offering chip suppers although there is undoubtedly scope for a new owner to introduce additional products such as pizzas or similar. In addition, no deliveries are undertaken through choice but demand is known to exist.

We understand a new frying range was installed four years ago. The range has the potential for part to be converted to provide a cold counter or alternatively a hot box for deliveries. There is also an area which could be utilised for the installation of pizza ovens.

The business is well supported locally with an excellent reputation and it benefits from increased trade from nearby caravan parks, particularly in the summer months.

Opening hours are currently 4 pm – 11 pm, 7 days and the business is operated by the two owners, with assistance from a pool of 5 part time staff.

Accounts for the business will be shown to seriously interested parties following a formal viewing of the property. The business has generated a turnover in the region of £460,000, net of VAT over recent years. From this a gross profit of over 60% is generated and the net profit prior to depreciation has been at least £180,000 over recent years.
Trading hours:
4pm - 11 pm
Tenure:
Freehold
Location Details:
Monifeith is an attractive town located on the north bank of the Firth of Tay approximately 6.5 miles east of Dundee. The resident population is circa 8,250 people and benefits from the wider Angus catchment area. The property is situated within the local shopping precinct, which provides the primary retail destination of the town. Nearby occupiers include a public house, bookmakers and supermarket and there is ample car parking provided.
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