Fish and Chip Shop in Isle of Wight

  • Price: £359,950
  • Leasehold Price: 0.00
Shanklin, Isle of Wight, England
Seller Ref:IOW12186
For Sale

Fish and Chip Shop in Isle of Wight

Shanklin, Isle of Wight, England
Seller Ref:IOW12186
  • Price: £359,950
  • Leasehold Price: 0.00

Description

ISLE OF WIGHT. PROMINENT CORNER PURPOSE FREEHOLD ALL YEAR ROUND TRADING TAKEAWAY FISH & CHIP BUSINESS, TRADES JUST EVENINGS AND ONLY 20 HOURS FRYING A WEEK, COMPLETELY REFURBISHED 3 YEARS AGO TO INCLUDE A NEW £35,000 FRYING RANGE, AMAZING FUTURE POTENTIAL AS NO DELIVERIES ARE UNDERTAKEN AND TRADES ON A TRADITIONAL MENU, RENT INCOME FROM ACCOMMODATION ABOVE.

TAKINGS: We have been informed by the Seller that the GROSS AUDITED SALES OF £230,000 FOR YEAR ENDED NOVEMBER 2023, TRADING OVER A 48 WEEK PERIOD. About £4,875 per week on average from just 20 hours frying which are amazingly not increased during peak trading. No reason why takings should not increase greatly with introduction of a home delivery service, normal trading hours and larger selection of hot food selling lines from the present limited menu.

TENURE: To include the Freehold inclusive of the Fish & Chips Shop and compact fully self-contained accommodation presently producing rent income of £400 per month although can be made fully vacant if required for own use.

TRADING HOURS: As already indicated this Chippy only opens 6 days a week from Monday to Thursday 5:00 pm to 8:00 pm and Friday & Saturday 4:30 pm to 8:30 pm. Amazingly these hours remain the same throughout the year and not even increased during the summer months when the area is flooded with thousands of holiday makers.

ACCOMMODATION: Self-contained accommodation above comprising of large bedroom, lounge, kitchen and bathroom. Presently rented out at £400 per month although can be made vacant if required for own use.

BUSINESS PREMISES: Following a fire 3 years ago the business has since been completely refurbished throughout the whole of the premises and inclusive of brand new items of equipment inclusive of a new £35,000 frying range. Boldly built on prominent corner plot with fully glazed single shop frontage. Good size sales area with full width service counter holding range together with the frying area being fully equipped. Quality styled with attractive fully tiled walls and industrial covered flooring. Rear purpose built working and preparation facilities further enhances this Chippy. No additional expenditure required.

EQUIPMENT: Following a fire 3 years ago, this business was completely refurbished inclusive of all equipment which is headed by new £35,000 Mallinson counter frying range plus excellent selection of fridges & freezers, 2 microwave ovens, overhead extraction, chippy, peeler plus selection of trade utensils.

TRADING POSITION: Prominently located on bold corner plot within bustling district and very close to the coast. Surrounding area has a high population of residents although during season the area is visited by 10’s of thousands of holiday makers and visitors to the area plus huge selection of caravan parks in close proximity.

SPECIAL REMARKS: Owners of this excellent Freehold Fish & Chip Shop are reluctantly looking to sell to relocate back to the Kent to be with their family. No reason why this Fish & Chip Shop could not boost present sale considerably if open for normal hours, add to the menu and start a home delivery service. Keenly priced Freehold opportunity, especially for a newcomer or trade builder who would immediately recognise the amazing further potential. Regular all year round trading 48 weeks a year over very easy hours..

PRICE: £359,950 FREEHOLD

PERSONALLY INSPECTED BY SOLE SELLING AGENTS

Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is stock included:
NA

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