Freehold Fish & Chip Takeaway/Restaurant Located In Looe

Looe, PL13 1EZ
£250,000 plus SAV
Business ID:
  • Ref: 2158
  • Type: Fish and Chip Shop
  • Availability: Sold
  • Veritas Categories: Catering, - Fish & Chip Shop, Commercial Property, Takeaways
  • Business ID: 2158
  • Price Postfix: plus SAV
  • Commercial Tenure: Freehold
  • Commercial Price: 250000
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Property Features

  • Established Business
  • Further potential
  • Freehold
  • Fish & Chip Restaurant/Takeaway
  • Newly Decorated 3 Bedroom Self-Contained Flat

Full Details

Freehold Traditional Fish and Chip Restaurant and Takeaway For Sale
Located In Barbican Parade, Looe
Comes With 3 Bedroom Self Contained Apartment
5 Star TripAdvisor Rating

Ref 2158
This established and well respected fish and chip shop is located on the Barbican Road area and coastal town of Looe. Its positioned within a highly populated residential area which benefits from two local schools and nearby pub. Looe is still a very popular holiday destination and in summer months sees high levels of tourists from the close by holiday camps. The town still retains a working fishing port and prides itself on it's fresh fish which can be enjoyed in many of the local restaurants and bars.

Asking Price: £250,000 plus SAV (£1,000)
Turnover: £120,000 pa
Business Rates: zero

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Traditional Fish and Chip Shop concern which is located in Barbican Road, Looe. The business has been established for 25 years and has been in the careful hands of the current owners for the past 10 years and is reluctantly being offered for sale so that my clients can concentrate on their other business interests. Since ownership they have continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is managed with minimal input from the owner and has 1 full time and 2 part time members of staff and has an annual turnover of £120,000. Emiles is renowned for its high quality of food and serves a fine range of traditional fish and chips, sausages, pies, burgers, condiments and hot and cold drinks. The business operates as a takeaway and also benefits from a 16 seater restaurant. We believe that this business would suit an owner/operator, there is also further potential to increase trade by extending upon the current opening times and would benefit from implementing an advertising and marketing campaign. Some of the biggest caravan holiday parks in the south west are close by and these could be actively targeted. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours
Sunday and Monday - closed
Tuesday - Saturday - 12.00pm - 1.30pm
Tuesday - Thursday - 5.00pm - 8.00pm
Friday and Saturday - 5.00pm - 8.30pm

Ground Floor
Retail comprising: restaurant area with seating for (16), serve over sales counter with cash register, 3 pan range (Bateman), 2 x chip boxes, 2 x 2 pot bain-marie tables, white under counter fridge, fish fridge (Caravelli), freezer (Whirlpool), twin sink with drainer, 2 stainless steel shelves, drinks fridge (Coca-Cola), hand wash basin, 2 chip bins and 3 wall cupboards. Prep room comprising: 4 burner oven, multi-grill, twin fryer (Buffalo), under counter fridge (Whirlpool), toaster, fridge freezer (Kelvinator), upright stainless fridge (Mondial), chipper (Bold), rumbler 12.5kg (Crypjo C28), sink with drainer and kettle.
Office comprising: safe, washing machine (Indesit), tumble dryer (Hot Point), various shelves, chair, desk area and 2 stainless shelving racks. W/C with hand wash basin.

EPC Rating D

First Floor
Self contained apartment comprising:
2 Double bedrooms
Single bedroom
Fully fitted kitchen
Bathroom with bath, W/C, wash basin and separate shower
Lounge/dining room
The flat benefits from double glazing and gas fired central heating
EPC Rating E

Garage/storeroom with shelving Garden Owners parking for (2)