OPPORTUNITY TO BUY FISH & CHIPS RESTAURANT AND TAKEAWAY BUSINESS IN EAST LONDON (REFERENCE NUMBER #CS0690)
LOCATION:
BTC are delight to offer a running fish restaurant and takeaway business in Greater London, The restaurant is situated in a busy area, close to a bus stop, making it easy for customers and employees to access. The location is well-connected by local roads, with nearby parking available. It’s on a lively high street surrounded by shops, cafes, and local businesses, making it convenient for both residents and visitors.
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Reason for Sale: The current owners have other commitments and a young family, and the restaurant is mainly run by staff.
OVERVIEW:
Opportunity to acquire a restaurant known for its delicious, authentic dishes and loyal customer base. The establishment features a spacious, modern dining area with 56 indoor seats and 16 outdoor seats, with beautiful ambiance and décor. The fully equipped kitchen comes with a liquor license, and the restaurant hosts live music every Friday and Saturday, making it prefect location for gatherings and events. The premises consist of two combined shops: one operating as a restaurant and the other as a takeaway, currently they are only doing limited items like fish and chips, burgers, and chicken.
TURNOVER: 17,000 per week
The restaurant has received excellent reviews on Google for its service and taste. Because of its prime location, there’s potential to increase weekly earnings to £30,000 during festivals and weekends. The business has a good profit margin of around 35-40%. The current owner has invested about £400,000 in refurbishing the restaurant, so it’s in great condition.
POTENTIAL:
There’s significant room to grow the business, as the menu is currently limited. A new owner could introduce breakfast options, Mediterranean dishes, seafood, waffles, pancakes, and new desserts. On the takeaway side, they could add pizza, kebabs, bubble tea, and more. They’ve just started using Uber Eats and Just Eat, and the new owner could launch their own delivery service and take orders through their own website to boost income.
PARKING: One car park for vendor and lots of off street parking available.
RENT: £29,000 per annum
RATES: £4,000 per annum
TENURE: Leasehold
SIZE: Approximately 2,000 sq ft total
(1,800 sq ft indoors and 240 sq ft outdoors).
TRADING HOURS:
* Monday to Thursday: 11:30 AM – 10 PM
* Friday & Saturday: 11:30 AM – 10:30 PM
* Sunday: 12 PM – 9:30 PM
ADDITIONAL POTENITIAL:
Another potential that The restaurant is licensed to operate from 6:00 AM till midnight, they can start serving breakfast from early morning and extend trading hours to boost turnover.
EQUIPMENT LIST:
* Charcoal grill machine
* Flat grill machine
* Commercial microwave
* Display counters
* 6-burner gas stove
* Two large fish and chips machines
* 5 freezers
* 6 fridges
* Coffee machine
* Tills
* Latest sound system
* Additional necessary equipment
* 2 fish and chips machine
* 6 pan high efficiency fryers
* Filter system installed on the machines
* Installed by professional fish and chips engineers
* Brand new fire alarm system
* Latest HD CCTV system
* High-quality solid wood tables
* Fireproof and waterproof leather chairs
* Up-to-date EPOS system
All equipment is in excellent condition.
The business is marketed for £385,000 plus SAV. It includes the Goodwill, fixtures and fittings.
For further information, please contact the BTC Commercial team on 0208 889 7474 or commercial@btcint.com.
