Renowned Fish & Chip Shop In Prime Durham City Centre Location For Sale
Durham, County Durham
- Status
FOR SALE
- Date Submitted:
04/10/23
- Advert ID
600669
- Leasehold: £100,000 (Stock at valuation)
- Turnover: £286,000 (£5,500 Per week)
- Net Profit: On request
Key Features
- Close to Local Amenities
- Fully Fitted
- Attractive Business
- Town Centre location
- Prime Location
- New Lease
- Established Business
- Planning Consent Available
Business Details
Popular Fish and Chip shop in Durham city centre
Well-established Fish & Chip Shop is up for sale in the prime location of Durham County, Durham. This highly reputable business has been under my ownership since its inception 1.5 years ago. Originally a fish & chips shop, we took the bold step to re-brand it and create a well-recognised and reputable brand in the industry. Currently, the leasehold price is at £100,000, while the shop’s turnover is an impressive £286,000.
The shop enjoys an excellent location, being centrally placed with Durham University, convenient bus routes, clubs, and pubs just nearby. Being in the town centre, it even benefits from close proximity to a supermarket and is prominently located on a main road. The town centre also boasts of good competition which ensures a healthy business environment for growth and stability. All fixtures and fittings in the shop are included in the sale.
The major reason for the sale of this beloved business is that I have ventured into other businesses recently. However, the shop is not affected by any of this transition, with its regular opening hours maintained as 11am to 9pm. However, on Wednesdays, Fridays, and Saturdays, it is open with extended hours until 3am, while remaining closed on Sundays. One of the biggest selling points is the huge potential to capitalise on the late hours license until 3am as we only extend the hours for 3 days, indicating the substantial potential to further grow the business.
There are currently 3 dedicated employees on board. The shop maintains a robust online presence partnering with JustEast, UberEats, and Deliveroo. Additionally, there is untapped potential to expand with the shop's own website to take orders.
We believe in a seamless transition process, hence we are willing to offer training opportunities to the new owners. Importantly, the sale comes with a new lease which will be transferred to the new owner.
For complete details about this business opportunity, please feel free to contact me.
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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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