Hilton Smythe is delighted to welcome to the market this well-established and popular fish & chip shop and restaurant business, which is ideally located within Grimsby, Lincolnshire.
The business was originally established in 1950 and has been in our client’s careful ownership since 2001. Only now is the business being offered to the market due to our client’s desire for a well-deserved retirement. The business currently operates on limited hours for 5 days per week, generating a turnover in the region of £54,580 per annum, with a gross profit of approximately 58%.
Our client offers a traditional chip shop menu, including fish & chips, pies, puddings and sausages. The property boasts 118 sq. metres of floor space, is very well maintained and decorated to a high standard. To the ground floor is the main service area with seating for 20 covers, a rear kitchen and storage areas. To the first floor is a large seating area with 52 covers.
The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, as the business currently operates on limited hours for five days per week. A new owner could also embark on a modest marketing campaign to promote the business and service offered.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this fish & chip shop business to the next level; therefore, early viewing must come highly recommended to avoid disappointed.
Mr Chippy Fish Bar occupies substantial two storey premises, ideally located within the town of Grimsby, Lincolnshire. The business is situated on Dunscome Street, just of the very busy Freeman Street and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a high volume of footfall and passing trade. The business further benefits from car parking facilities to the front of the premises.
Grimsby is a large town and seaport, situated on the south bank of the Humber Estuary. According to the 2011 census, the town had a residential population of 88,243. Freshney Place is Grimsby’s main shopping centre, and is also Lincolnshire’s largest shopping centre, visited by over 14 million shoppers per year.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Grimsby Docks railway station is just over 5 minutes’ walk away. The area is also well served by the A-roads, with both the A180 and A16 being within easy driving distance, which link to the national A-road and motorway networks. Cleethorpes is approximately 2½ miles away and Hull is 33 miles away.
Substantial two storey premises in a prime trading location, briefly comprising:
Ground floor with:
Waiting service area with:
3 x pan range with hot cabinet.
Stainless steel service counter.
4 x pot Bain Marie with under storage.
Stainless steel table.
Electronic cash register.
Double door drink chiller unit.
20 x cover seating area with table and chairs.
Rear kitchen with:
Double bowl sink unit with 3 x drainers.
Hand wash basin.
Stainless steel shelving.
Rear room with:
Stainless steel refrigerator.
Small chest freezer.
Commercial microwave oven.
4 x ring hob.
Hot water urn.
Potato preparation room with:
Ladies and gents’ WCs.
52 x cover seating area.
Storage room with boiler and extraction fans.
Security grill to windows and door.
We are advised Leasehold.
Original lease length: 10 years
Remaining lease length: 10 years
Rent: £5,500 per annum
The business is open:
Tuesday – Saturday: 10.45am – 2.30pm
The business is owner run and managed with 2 x part time staff members.
The business a turnover in the region of £54,580 per annum, with a gross profit of approximately 58%.
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