| (REF: 2422) Fish And Chip Shop, Ilford, Essex |
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| Seller Reference: |
2422 |
| B4S Reference: |
31716 |
| Asking Price: |
£155,000
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| Net Profit: |
£16,000 |
| Sales Revenue: |
£83,200 |
| Number of Staff: |
2 |
| Established For: |
27 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Ilford, Essex, United Kingdom |
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The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £83,200 pa with a net profit of £16,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
Services
This very good business opportunity provides Fish and Chips, Chicken, Burgers, Kebabs, Savories and soft drinks.
Staffing
The concern employs 2 staff which are part time. They are paid at the rate of £6.50 per hour. The total wage bill is £21,600. All staff would stay on after a sale.
Owners Role
The owners role is working and managing the business and he works full time
Marketing
The owner markets the business in the local council poster scheme.
Competition
As far as competition is concerned there is none within the locality.
Market
The client base consists of local community and business persons with high level of passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and internet advertising.
Increasing the opening hours to include Sundays.
With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 20 years with 20 years remaining. The rent is £16,000 pa with a review Tba. The lease may be renewable or negotiable for longer term if required. The rates are £1000. |
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Current Rent: |
16000 |
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Living Accommodation: |
No |
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Details of Accommodation: |
The property is terraced and is part of a parade of shops and is approximately 100ft x 14 ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is laminated with takeaway area and a long central service counter. It is very well presented and is very conveniently laid out.
The café/ restaurant has 16 covers which has never been used. There is an overhead menu. There are customer toilets.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
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Location: |
- Situated in Newbury Park area of Ilford in Essex.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of local community and business persons.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A2, A102, A12 and good railway links
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As far as competition is concerned there is none within the locality. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and internet advertising.
Increasing the opening hours to include Sundays.
With the introduction of a website and e-commerce.
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The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made |
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spend more time with family |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Friday 11.30 22.00
Saturday 11.30 22.00
Sunday - Closed
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The concern employs 2 staff which are part time. They are paid at the rate of £6.50 per hour. The total wage bill is £21,600. All staff would stay on after a sale |
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