Well Established Fish & Chip Shop

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Status
FOR SALE
Advert ID
193599
Reference
5644 / RightBiz

Details

    Established Since 2011

    Weekly Takings £5,500

    Gross Profit 60%

    Multiple Income Streams

    Scope For Day Time Trade

    EPC - C

Description:
REF 5644 – Leasehold Fish & Chip Takeaway





Blacks Business Brokers are proud to bring to the market this leasehold fish and chip takeaway located in the popular and busy area of Consett, Durham.






INTRODUCTION

Captains Cod Limited has been trading on Front Street for over 25 years, with our client in ownership since 2011. During that time it has firmly established itself within the local community, gained a large and loyal customer base and a superb reputation.






LOCATION

Consett is a town in the northwest of County Durham. It lies around 14 miles southwest of Newcastle upon Tyne and the area is well linked by the A692 and A68. Front Street is a busy main road with many passers-by and a large residential community close by. This town centre location offers roadside parking to the front.






REASON FOR SALE

The business is only being offered for sale due to our clients other business commitments and interests.






LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 25 years with rent reviews every 3 years. The current lease began in 2011 at a cost of £20,000 per annum.






BUILDING LAYOUT AND DESIGN

Captains Cod Limited is housed within the ground floor of terraced retail unit within a busy parade of shops and businesses. The business has good frontage with bold signage and aluminium framed windows. The inside of the business consists of the customer waiting area with approximately 12 seats and a spacious servery area with all the equipment in place. To the rear is a food preparation area – this is well equipped with good quality fixtures and fittings. To the back of the business is a staff toilet






STAFF

Currently there are 3 members of staff working at Captains Cod Limited 2 are part time with the owner and there is one full time member of staff.






FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Captains Cod Limited has traded solidly over its trading history. The business generates weekly takings of £5,000 with strong 60% gross profits. Most customers are from the local area as one would expect, with plenty of additional trade from passers-by.






SUMMARY

This leasehold business is well established and brings consistent weekly takings all year round. The business has an A5 trading licence, alcohol licence and a food hygiene rating of 4 stars. There is plenty of scope to develop the business further with an online presence and social media following along with partnerships with websites such as Just Eat and Hungry House. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.






Fixtures & Fittings:
Martin Edwards 3 Pan Range

Free Standing Fridge

Free Standing Freezer

x2 Kebab Grill

Pizza Oven

Walk in Fridge

Bain Marie

x2 Prep Freezer

Commercial Display Fridge


Opening Hours:
Mon - Wed - 5pm - 1am
Thur - 5.30pm - 3:30am
Fri - Sat - 5.30pm - 4:30am
Sun - 5pm - 3:30am


Weekly Rent:
£385 Per Week.
Listing Details
Leasehold Price: £199,950
Tenure: Leasehold
Sector: Fish And Chips Shops
Financials
Annual Turnover: £286,000
Energy Performance Certificate (EPC)
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