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Fish and chip shop for sale in London, located in a prime area with consistent weekly sales

Undisclosed, London, ID 166399

Fish and chip shop for sale in London, located in a prime area with consistent weekly sales 1
Fish and chip shop for sale in London, located in a prime area with consistent weekly sales 1
Asking price:
GBP £89 950
Turnover (per year): £208 000 gbp
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Description

This well-established takeaway and delivery business operates from a lock-up shop in a densely populated residential community, averaging £4,000 per week in turnover from a comprehensive menu. The business currently trades two full days and four evenings, closing at 9:30 pm, with obvious potential to increase trade by extending opening hours. The premises are offered with a new 12-year lease, subject to three-yearly reviews, at a commencing annual rent of £18,000. Trading hours are Monday to Thursday 4:30 pm to 9:30 pm, Friday and Saturday 12:30 pm to 9:30 pm, and closed on Sunday. The shop features a fully glazed frontage in an aluminium frame with tiled base, a coloured fascia and matching canopy. Inside, there is a deep sales area with tiled walls and floors, a suspended illuminated ceiling, and a three-pan Bremith counter range. A refrigerated glass-fronted display cabinet fronts the stainless steel cooking section with overhead extractor and menu display. A corridor leads to a rest room, large fully tiled preparation area, potato works/store, and rear access to a service road for deliveries. The premises have been partly refurbished. Equipment includes a three-pan Bremith counter range, refrigerated display cabinet, two kebab machines, small griddle, heated cabinet, digital till, microwave oven, four-ring domestic gas cooker, two fridges, pressure fryer, two chest and upright freezers, stainless steel fish keeper, chipper, and peeler. A full inventory will be provided prior to completion. The shop benefits from an excellent trading position in a pedestrianised street surrounded by terrace homes and trendy shops, with local schools, amenities, and a nearby station contributing to year-round trade. The area has undergone significant regeneration and gentrification, attracting professionals to the locality. The property has been owned by the freeholder since 1987 and partly upgraded in 2019 after repossession from a previous tenant. The business has been operated by the freeholder’s family since then and offers substantial growth potential. The sale is for £89,950 leasehold, with a trial available for genuinely interested buyers.

Details

Real Estate: Lease
Reason for selling: Health or personal issues
Asking price: 89 950 gbp
Turnover (per year): 208 000 gbp
Rent (per year): 18 000 gbp

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