INNER ESSEX. SUPERBLY FITTED & EQUIPPED 5 YEARS AGO WITH NO EXPENSE SPARED PRODUCING A VERY HIGH TURNOVER FISH & CHIPS 115 SEATER RESTAURANT WITH TAKEAWAY FACILITY, 3 FLOOR PURPOSE BUILT BUSINESS PREMISES WITH PRIVATE CAR PARK ADJACENT, PREMISES IDEAL FOR ANY TYPE OF CATERING BUSINESS.
TAKINGS: Following a substantial refurbishment of these exceptional Premises in 2019, Turnover for 2024 in the region of £850,000 from just 49 weeks and/or about £16,000 to £18,000 per week. This exceptional business is owner run with full complement of many long standing employees. Restaurant average prices are a minimum of £22.00 Cod & Chips. Turnover mainly produced from Restaurant plus small Takeaway & Delivery sales.
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TENURE: We understand a new Long and Valuable 20 years Lease was granted in 2016 with very rare 5 yearly rent reviews. Current yearly rent of £90,000 plus vat per annum. Lease incorporates the whole of the Ground Floor, rear kitchen and preparation areas, large adjacent Car Park, very spacious lower floor Basement plus whole of First Floor incorporating some 9 rooms used for Private Office, Staff Room, Storage Facilities plus bathroom, shower room and toilets.
TRADING HOURS: Trading 6 days a week from Tuesday to Sunday. 12:00 noon to 3:30 pm and 5:00 pm to 11:00 pm.
ACCOMMODATION: There are 9 rooms on First Floor which have potential to convert into Large Accommodation with easy conversion into self-contained entrance, Subject to Planning Consent. Excellent potential also for conversion into a number of Bedsits or Office Space, all of which would produce a very handsome Rent Income.
BUSINESS PREMISES: Substantial Newly Refurbished Fish & Chip Shop premises has customer car park adjacent and incorporates a 115 seater restaurant. Attractive exterior with wide double bayed shop frontage. Total width of 15.38m and depth of 18.46m. Total ground floor of well over 3,000 square feet includes extensive kitchen and preparation facilities, stock rooms, 3 valuable walk -in cold rooms and customers well fitted cloakrooms plus rear access to customers car park. There is a large basement with extensive storage. chilled wine cellar and a lot more. Business incorporates a huge inventory of Trade Equipment and Fixtures & Fittings. Premises would be ideal for any type of Catering.
EQUIPMENT: Full inventory of equipment available inclusive of 3 walk-in cold rooms.
TRADING POSITION: Standing prominently on extremely busy through road to/from Essex into London plus Central Line tube station close by. Good parking for customers within the businesses own private car park, and outside/adjoining side streets. Surrounding wealthy district is vastly populated, securing all year round trade. Also easy access to main North Circular Road ( A406 ) and M11 & M25 Motorways. Situated on the border with Inner Essex and London.
SPECIAL REMARKS: Genuine Family issues force this reluctant sale. With newly developing delivery service and wider promotion of takeaway sales, we could see this Fish & Chips Business reach much higher sales by 2025 in the region of £20,000 weekly. Further possibility of converting the first floor into 9 bedsits, subject to required planning consents. If you are seriously looking to acquire a Fish & Chip Business of this calibre, which is already averaging some £16,000 to £18,000 p. w. and the potential to produce an additional handsome Rent Income, then look no further.
PRICE: £370,000 LEASEHOLD
PERSONALLY INSPECTED BY SOLE SELLING AGENTS
