Spratt and Son are delighted to offer this excellent opportunity to purchase a profitable Fish & Chip Shop business operating from a fully fitted premises within an established trading position.
The premises, which have traded as a Fish & Chip Shop for over 30 years, are presented in excellent order throughout with a good standard of fixtures and fittings. The shop has a front waiting/serving area with till counter and 3 pan fryer range, beyond which there are storage/prep areas and staff WC. Externally the property benefits from a single garage situated within a nearby compound providing further storage.
This is an excellent turnkey opportunity and viewing is strongly recommended.
Manor Parade is an established local shopping parade situated in Durrington. The parade serves the densely populated surrounding residential area and benefits from its own car park providing ample free parking immediately outside the shop. There are good transport links to the surrounding areas with excellent access to the A27, A24 and A259 trunk roads. Nearby occupiers include a mix of retailers, salons and eateries.
The property has the following accommodation and floor areas:
Front Serving Area 215 sq ft
Prep/Storage 85 sq ft
Covered Yard 60 sq ft
A Fish & Chip Shop has traded from the premises for over thirty years and has been in its current ownership for approximately two years.
The day-to-day running of the shop is managed by the husband and wife owners, together with the assistance of three casual members of staff.
The opening hours for the shop are lunchtimes between 12:00-2pm and evening opening between 5-9pm Tuesday to Saturday. The owners operate reduced hours to 8pm during the winter months.
The business has a healthy turnover and low running costs and is considered to be an excellent turn-key opportunity suitable for existing operators hoping to expand or first ventures seeking a manageable and established business. Full accounting information is available to serious applicants on request.
The premises are available by way of an existing fifteen year lease from December 2017 at a passing rent of £5,500 per annum. A full copy of the lease is available to serious applicants upon request.
Offers in Excess of £110,000 are invited for the leasehold business to include all trade fixtures and fittings. Full accounting information is available to serious applicants upon request.
The incoming tenant is to be responsible for the Landlord’s legal fees and the assignor’s abortive legal costs unless otherwise negotiated prior to entering into an agreement.
The Rateable Value for the property is £5,000 and therefore an ingoing occupier would likely be subject to Small Business Rate Relief and there would be no rates payable. We would recommend that any interested parties make their own enquiries as to the rates payable with Worthing Borough Council’s rates department on 01903 221061.
The shop is trading and busy with customers and staff, therefore viewings are strictly by prior appointment only via Spratt & Son.
ENERGY PERFORMANCE CERTIFICATE:
The Energy Performance Asset Rating for the property is D.
A copy of the EPC and accompanying Recommendation Report is available upon request.