Freehold Traditional Fish and Chip Restaurant and Takeaway In Newquay

Newquay, TR7 1LP
£559,000 plus SAV
Business ID:
#2131
£559,000
  • Ref: 2131
  • Type: Fish and Chip Shop
  • Availability: For Sale
  • Veritas Categories: Catering, - Fish & Chip Shop, - Restaurants, Takeaways
  • Business ID: 2131
  • Price Postfix: plus SAV
  • Commercial Tenure: Freehold
  • Commercial Price: 559000
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Full Details

Freehold Traditional Fish and Chip Restaurant and Takeaway In Newquay For Sale
Includes 2 Tenanted 1 Bedroom Apartments
Ref 2131

Location

This outstanding and well respected fish and chip shop business is situated on one of the main through roads in Newquay town centre near the Harbour and Sainsbury's supermarket. Newquay is one of the nation's favourite seaside towns, exudes the laid back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort - all wrapped up in the most fantastic coastal scenery.

Business information

Asking Price: £559,000 plus SAV
Turnover: £204,455 per annum
GP: £133,240 (65.17%)
Stock: £2,000
Rental Income:£ 10,617
Business Rates: £11,430

Business Description
Veritas Business Sales are delighted to offer for sale this respected Traditional Fish and Chip Shop concern located in Newquay town centre and includes 2 x 1 bedroom apartments that are tenanted producing rental income of £10,617 per annum. The business has been established for 30 years and has been in the careful hands of the current owners for all of those years and is reluctantly being offered for sale so that my clients can enjoy a well deserved retirement. 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 owner operated and requires the help of 2 full time and 4 part time members of staff and has an annual turnover of £204,455 with a GP of £133,240 and a healthy net profit. The Harbour Chippy serve a fine selection of traditional fish and chips, pasties, pies, burgers, condiments and hot and cold drinks. We believe that there is further potential to increase trade by extending the current opening times. Our clients choose to close for nearly 4 months in the winter but there is definitely trade to be had in that period. 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

Monday - Sunday - Midday - 9.00pm
(Mid March - End October)

Ground Floor

Retail/Takeaway area comprising: bain marie (lincat), pie heater (Lincat), upright drinks fridge (Vestfrost), electronic till, 3pan frying range (Frank Ford), stainless steel table, twin basket fryer (Lincat), microwave, chest freezer, wash basin and upright stainless steel fridge (True)
Restaurant with 6 tables with 26 chairs and various pictures
Prep Room with chest freezer (Gen frost), stainless steel table, chipper (bold), filter machine (Merlin), double basin sink with drainer and various shelving
Storage Room with various storage shelves
W/C with hand wash basin

Owners Accommodation
First floor
Flat 1 (one bedroom rental income £5,100 pa)
Double bedroom 3.8m x 4m
Bathroom with shower w/c and wash basin
Lounge/dining room 9.42m x 3.4m
Fully fitted kitchen 3.7m x 2.6m
Garden terrace.

Second floor
Flat 2 (one bedroom rental income £5,517 pa)
Double bedroom
Lounge/dining room 6.6m x 5.7m
Bathroom with shower w/c and wash basin

External
Rear yard with side entrance

 

EPC Rating C