St Ives Fish and Chip Shop | The Balancing Eel

  • Leasehold Price: £170,000
  • Annual Turnover: £500,000
St Ives, Cornwall, England
Seller Ref:B42843
Under Offer

St Ives Fish and Chip Shop | The Balancing Eel

St Ives, Cornwall, England
Seller Ref:B42843
  • Leasehold Price: £170,000
  • Annual Turnover: £500,000

Overview

Seller Ref: B42843

Description

The Balancing Eel, St Ives, is a highly regarded Fish & Chip shop having been established for decades, and in our clients care since 2006. Situated in a prime spot overlooking the harbour it has an enviable reputation and the owners are looking to pass on this highly profitable and well loved business.

This is an opportunity not to be missed and is a real lifestyle opportunity to run a business in the idyllic setting of St Ives on the North Coast of Cornwall.

Full profit and loss accounts are available upon request, and viewing is strictly by appointment only through Miller Commercial.

Leasehold Terms:
The business is being sold with the remainder of a lease which expires in May 2025 at a passing rent of £35,000 PA. However the owners are in negotiation with the landlord to extend the term by 9 years, giving the new owners the benefit of a lease until 2034. The lease is within Sections 24 - 28 of the Landlord & Tenant Act of 1954, giving security of tenure.
Number of Employees:
15
Support and Training:
Yes
Location Details:
St Ives needs no introduction; it is a real gem in Cornwall attracting hundreds of thousands of tourists each year to its glorious beaches, mix of independent and national retailers, as well as numerous restaurants, bars, cafes and of course Fish & Chips. The Balancing Eel itself is located on Back Lane overlooking the harbour and at the northern end of Fore St. St Ives has a rail station connecting to the mainline at Truro, alongside plenty of car parks and local transport links.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
Stock at valuation

Listed By:

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