Location
This business is located within a busy secondary shopping parade to the north of Peterlee town centre. The immediate area comprises predominantly of a range of residential housing and there is also a busy Academy within half a mile of the business. Access is straightforward and there are good road links to most parts of the town and beyond.
Business
A fish and chip shop has been trading from this location since the 1990’s but the business ceased trading during lockdown. The current owner refitted and relaunched the site in early 2023 but has placed the opportunity on the market due to another business commitment.
The business now predominantly operates as a pizza shop and this makes up 50% of the trade, with the remainder coming from the sale of fish & chips, kebabs and burgers. The shop is well equipped with a wide range of kit that includes a modern Omega frying range, a pizza oven, kebab stick and griddle. There is a good sized prep area and potato room to the rear with access out into a car park which is ideal for the delivery service.
The delivery service accounts for approximately 25% of the takings and the client uses Just Eat. The trading hours are relatively short with potential to offer a lunchtime service and also to trade on a Sunday.
Premises
Comprises the self-contained ground floor unit within a within a larger shopping parade and comprising a service area to the front and a prep space at the back with access from the rear lane and shop.
Ground Floor extends to circa 600 sq.ft. (58 sq.m.)
Front Shop
Prep Area
Potato Room
Garage / Store
W.C.
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Staff
Operated part time by the owner with 2 full time members of staff and a driver when required.
Trading Hours
Monday - Saturday 4.00pm – 10.00pm
Sunday closed
Rates
The premises are assessed as follows:
Rateable Value £3,350
Rates free incentives subject to status.
Tenure
The premises are held on a 15 year FRI lease from February 2023 at a rent of £10,400 per annum which is payable quarterly in advance. There are rent reviews every 3rd anniversary.
EPC
Rating C.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
