DEVONSHIRE, LARGEST VILLAGE IN DEVON. CHANGE YOUR LIFE STYLE FOREVER. FISH & CHIPS TAKEAWAY & LICENSED RESTAURANT, OPERATES VERY EASY HOURS CLOSING 8.30PM LATEST, 2 BEDROOM SELF CONTAINED FAMILY HOME. ESTABLISHED OVER 50 YEARS AND IN SAME HANDS 12 YEARS. BARGAIN PRICED AND SPECTACULAR LOCATION.
TAKINGS: We have been informed by the Vendor that turnover over the last 12 months to February 2023 is £175,000 excluding VAT with no deliveries undertaken. There is a steady Winter trade which is substantially increased during busy Summer period. GOOD SCOPE TO INCREASE OPENING HOURS AND START DELIVERIES.
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TENURE: We understand a 12 year ( FR&I ) Lease commenced in 2014 and the current rent approximately £15,000 per annum for shop and flat which is let and generates a income of £9,000 annually. We have been informed by the Seller that the Landlord will consider granting a new Lease or extending the existing Lease. Obvious potential for additional openings which will boost trade.
TRADING HOURS: Trades Tuesday, 4.30pm to 8.00pm. Wednesday, 11.30am to 2.00pm and 4.30pm to 8.30pm. Thursday, 4.30pm to 8.30pm. Friday & Saturday, 11.30pm to 2.00pm and 4.30pm to 8.30pm. Closed, Monday & Sunday, but during the children’s Summer holidays open Sundays, 4.30pm to 8.30pm.
ACCOMMODATION: The spacious self contained flat incorporates 2 bedrooms, lounge/diner, fitted kitchen and shower room. The accommodation is currently let producing £750 monthly rent income.
BUSINESS PREMISES: Smart well established premises having a wide glazed frontage beneath a large coloured illuminated fascia with matching signage. The front outsales section is well fitted and being attractively styled with easy to maintain clad wall covering, non slip flooring and has a curved service counter. Above the ‘Kiremko’ range is a large menu display and there is access to the well equipped stainless steel kitchen. To the rear is recently improved well presented licensed restaurant that seat 45 people in comfortable surroundings. The back yard houses separate preparation & storage facilities and some customer outside seating plus there is delivery access from the side.
EQUIPMENT: Good selection of trade equipment to include a 4 pan ‘Kiremko’ island range with built in bain-marie, EPOS system, twin deck pizza oven, coffee machine, numerous fridges & freezer, dish washer, microwave, convection oven, chipper, peeler plus crockery and cutlery. ( The above items have not been tested). Full trade inventory will be provided prior to completion.
TRADING POSITION: Located approximately 5 miles ( 8km ) from Barnstaple within one of the largest Villages in North Devon. The area has a good size local population in excess of 11,000 residents which is greatly boosted by tourist visiting this spectacular and delightful part of North Devon. Close to superb sandy Beaches and outer breathtaking panoramic views in very direction.
SPECIAL REMARKS: AN AMAZING LIFE STYLE CHANGING OPORTUNITY: This well known popular Chippy was established over 50 years with present owners Successfully trading over 12 years. The business is favoured by locals and tourist alike and offers a good opportunity to increase turnover by additional openings. SENSIBLY PRICE TO ENCOURAGE A QUICK SALE.
PRICE: £115,000 LEASEHOLD
PERSONALLY INSPECTED BY SOLE SELLING AGENTS
