Glenrothes Fish and Chip Shop for Sale after 33 Years of Same Ownership
Glenrothes, Fife
- Status
FOR SALE
- Date Submitted:
07/03/22
- Advert ID
291687
- Reference
1437 / Rightbiz
- Call Agent:
- Leasehold: £79,000
- Rent: £13,500
- Turnover: On request
- Net Profit: On request
Key Features
- Established Business
- Prime Location
- Small Business
- Retirement Sale
Business Details
Popular traditional Fish and Chip Shop for sale in Glenrothes. (ref 1437)
Popular traditional Fish and Chip Shop for sale after 33 years under same ownership. Traditional Fish and Chip Shop. Net annual sales £333,486. Ideal trading location. Retirement sale. Run under same ownership for 33 years. Scope to develop existing offering.
LEASEHOLD
Guide Price £79,000.
Rent £13,500 per annum.
Elio’s Fish and Chip Shop occupies a prominent trading location in Glamis Shopping Centre, which is a popular and well used shopping parade just to the south-west of Glenrothes town centre. Glenrothes is a large settlement of approximately 40,000 inhabitants in central Fife and was one of Scotland’s ‘New Towns’ created in the 1940’s. St Andrews and the surrounding East Neuk of Fife with its world class golf courses is reachable within a 30 minute drive to the east with Scotland’s capital city Edinburgh just a 55 minute drive to the south.
Our client has owned and operated this fish and chip shop for over 33 years and has reluctantly placed it on the market to retire. As well as offering tradition fried foods, Elio’s also offers pizzas, pastas and kids meals. Deliveries are done through JustEat and the business is operated by the owner, another family member and a selection of part time staff. The business trades just 6 days, closing on a Sunday.
The property is offered on a leasehold basis with 5 years remaining on the current lease, this can be extended. The annual rent is £13,500 plus service charge. A guide price of £79,000 is sought for the leasehold interest in the property and all fixtures & fittings pertaining thereto.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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