Leasehold Fish And Chip Shop for Sale
Leasehold : £ 50,000
Turnover : £ 1,500 p.w.
Gross Profit : 60%
Eastern Southampton on a busy main road and junction which is one of only 2 main routes into central Southampton
A popular Fish and Chip shop located on the eastern side of Southampton, which is conveniently situated on one of the busiest main roads leading in to Southampton. With the thousands of motorists travelling past daily, this is without doubt a prime location. On match days there are also thousands of Southampton FC football fans travelling along this route heading to the match.
As the shop has been trading as a traditional fish and chip shop for many years, it is very well known amongst the local community and also with people further afield.
I am pleased to state that we have just been awarded a 5 star food and hygiene rating from the local authority and evidence of this will be provided to interested parties.
The shop benefits from a large working area and customer frontage. It has excellent facilities and boasts a quirky and unusual 1950’s décor, hence the name Rock N’ Plaice.
The business has many loyal customers and more recently has built up an excellent online presence, with many new customers being added to this loyal customer base due to the excellent reviews. This is also true for the local walk in trade with many customers using the shops popular ‘loyalty’ card system.
The business has an extended online menu which is in use with the current ordering system and now due to its popularity, I am in the process of updating this to an exciting new menu, which will be available on our own web site, along with our new online ordering system, all of which is due to launch very soon.
The shop is well fitted out with a 3 pan Frank Ford range, many fridges, freezers, plus potato rumbler and chipper. All the equipment, which includes many items I have acquired and are not listed here, will be included in the sale.
I have introduced many new features, including a much needed card payment facility which is at no extra cost to the business.
The business has a longstanding excellent turnover on the current opening hours and this is now being increased significantly, due to the shops new extended opening hours and online changes that are driving the business forward.
The shop not only benefits from its excellent location, it also has a long 15 year lease and a low annual rent.
Unfortunately due to personal reasons that are beyond my control, I am no longer able to continue with the business, something which I very much regret.
This is an excellent business opportunity and would ideally suit a husband and wife team, family or partners. I already have reliable staff, including deliver drivers should any potential purchasers wish to retain these.
Included in the sell will be a full months training should this be necessary.
I have just reduced the price by a further £5,000 as I am looking for a quick sale as I am moving abroad. The price at just £50,000 is extremely competitive for a leasehold fish and chip shop in Southampton and there is currently no other such businesses at such a low price. I will also consider owner/seller financing subject to full discussion, agreement and legally binding contracts. This would work on the basis that you pay up front £30,000 via cash or commercial bank loan and then I would effectively be loaning the purchaser the remaining £20,000 (contact me for further information if this would be of interest to you). These type of agreements are helpful when potential purchasers do not have sufficient funds or are not able to get a commercial bank loan for the full amount.
||Monday 1600 to 20.30
Tuesday to Friday 12.00 to 20.30
Saturday 1600 to 20.00
Sunday - closed
||15 year secure lease, new lease just granted with 3 yearly rent reviews