Leasehold Fish and Chip Restaurant/Takeaway Located In Exeter

Leasehold Fish & Chip Shop Takeaway Located In Exeter, Devon For Sale
Town Centre Location
5 * Food Hygiene Rating
Ref 2334

Location
This respected Fish & Chip takeaway is located in Exeter City centre. Exeter has a population of circa 129,000 and is the regional capital of the South West and as such is not only an established and expanding business centre, but also a tourist destination. Renowned for its cathedral, university, waterside developments one of the most vibrant, attractive and historically interesting cities in England. Exeter boasts excellent transport communications with two mainline rail links to London, an international airport and easy access to the M5 motorway at junction 30. The city is located on the River Exe approximately 36 miles (58 km) northeast of Plymouth and 65 miles (105 km) southwest of Bristol.

Business information
Leasehold Asking Price: £99,950 plus SAV (2,000)
Turnover: £162,321 pa
GP: £101,321 (62%)

Leasehold
Original term: 20 years
Remaining: 17 years
Reviewed: 5 yearly
Rent: £12,000 pa
Rates: zero

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Fish & Chip Takeaway which is located in the Exeter one mile from the university and the college campus is next door. The business has been established for over 40 years and has been in the careful hands of the current owners for the past 3 years. Reluctantly they are offering the business for sale due to unforeseen personal circumstances. Since ownership they have totally refurbished and continually invested in new equipment along with fixtures & 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 employs the help of 5 part time members of staff and has an annual turnover of £162,321 with a GP of (62%). The Clock Tower Fish Bar serves a fine range of traditional fish & chips, pies, burgers, sides (to include battered mars bar), daily specials, condiments and hot & cold drinks. We believe that there is further potential to increase trade should you wish, by extending upon the current opening times. 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 concern 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 – Saturday
Lunch – 11.00am – 2.00pm
Evening – 4.30pm – 9.00pm
Sunday – closed

Ground Floor
Restaurant area comprising: tables & chairs with seating for (12), 6 wall mounted menu boards, serve over ice ream freezer, sales counter with cash register, 2 pan range (Range 5) with chip box, stainless steel work table, stainless steel microwave, 2 x stainless steel under counter fridges (Prodis), stainless steel under counter freezer (Prodis), 4 pot wet bain-marie and wash basin. Hallway with fat filtration machine (Merlin). Preparation kitchen with chest freezer, stainless steel prep table, stainless steel sink drainer, wall & base units, upright fridge and 2 wall mounted storage shelves. Staff room with CCTV monitor. Staff changing room with wall mounted coat pegs and floor safe.

Basement Chipping room with potato chipper, potato peeler, sink drainer, 3 potato soak tubs, potato storage area, washing machine (Beko) and under stair storage cupboard. Store rooms x 2.
W/C with shower cubicle and wash basin. Garage/loading area. W/C with wash basin.

External Rear parking for (1).

EPC rating E