Freehold Fish & Chip Takeaway & Restaurant Located In Newquay

Newquay, TR7 2NE
£850,000
Business ID:
#2603
£850,000
  • Ref: 2603
  • Type: Fish and Chip Shop
  • Availability: For Sale
  • Veritas Categories: Catering, - Fish & Chip Shop, Takeaways
  • Business ID: 2603
  • Commercial Tenure: Freehold
  • Make Enquiry

Property Features

  • Freehold
  • Fish & Chip Takeaway & Restaurant
  • Profitable
  • Stunning Views Of The Atlantic Ocean

Full Details

Freehold Fish & Chip Takeaway/Restaurant Located In Newquay
Ref 2603

Location
This outstanding and well respected Fish & Chip Takeaway & Restaurant is located on Cliff Road in Newquay town centre. It stands within a prominent and highly visible trading position next door to Aldi supermarket and opposite, Newquay train station and Asda supermarket which bring high levels of footfall to the area. Newquay is one of the nation's favourite seaside towns, perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. The town manages to be both trendy and yet remains a great family resort all wrapped up in the most fantastic coastal scenery.

Virtual Freehold Asking Price: £850,000 plus SAV (5,000)
999 year lease to be granted
Rent £1.00 pa

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Virtual Freehold Fish & Chip Takeaway & Restaurant which is located in Newquay town centre. The business was established back in 1980 and has been in the careful ownership of our clients since September 2018. The business is reluctantly being offered for sale due to an unforeseen change in circumstances.
Since ownership they have completely refurbished, redecorated and invested in all brand 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. Both businesses are owner operated and employ the help of 1 full time and 7 part time members of staff and for year ending 31st May 2021 posted a turnover of £438,913 net of vat with a GP of £286,146 (65%) producing a net profit of £166,898. The Cod End is renowned in Cornwall for serving high quality fish & chips where they only use the finest produce and can be enjoyed in the recently renovated 72 seater restaurant with stunning Atlantic ocean views or simply taken away. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade local trade along with high levels of visiting tourists during summer months. This is a rare opportunity to purchase very well established business with an impeccable reputation and all the hard work has been done which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Opening Hours
Monday – Saturday – 12.00pm – 9.00pm
Sunday – 12.00pm – 8.00pm

Ground Floor
Fish & Chip Restaurant/Takeaway
Takeaway (9.2m x 5.0m) comprising: 4 wall mounted TV monitors (menu boards), 2 EPOS tills,, 3 door under counter drinks fridge (Polar), 8 under counter glass door fridges (Blizzard), commercial microwave (Sharp), 2 four pot bain-marie (Lincat), full length stainless steel counter with wash basin, single fryer, panini toaster (Buffalo), espresso coffee machine (Carmiali), milk machine (Carmiali), 4 pan frying range with built in filtration (Henry Nuttall), combi boiler, extraction canopy, various shelving, independent filtration unit and upright 2 door drinks fridge (Polar).
Restaurant (10.0m x 8.6m) comprising: 18 tables with seating and for (72), wall mounted TV screen (Techwood) and 2 children’s high chairs.

Prep Room (2.1m x 10.7m) comprising: upright stainless steel double freezer (Polar), upright double glass door freezer (Polar), microwave (Sharp), 4 ring hob (Lincat), various shelves, prep table, eco dishwasher (Winter Halter), chipper (Hopkins), potato rumbler (Williams), sink with drainer and directional hose, white fish fridge (polar), large upright fridge (Polar), food mixer (Bold) and 3 large chip bins.
Disabled W/C with wash basin and hand rails.
Walk-in cold room (12ft x 12ft).

EPC Rating D

External
Frontage with tables with seating for (30) Rear yard with insulated potato store and storage shed