The business has been in our clients’ ownership since 2008 but has been placed on the market as they now wish to retire.
Langley Park is a pleasant village approximately 4 miles east of Durham City with easy access from the A691 which runs from Durham towards Consett. The business forms part of a pleasant residential terrace to the west of the main shopping area on the road leading from Langley Park towards Quebec.
This fish and chip shop opportunity comprises a long established trading business which is fully fitted and equipped trade. The business operates as a traditional fish and chip shop with a compact menu. The business has excellent social media ratings and reviews and the owners have developed this by ensuring the quality of the product has always been first class.
There are strong levels of captive trade from the local population and passing trade is generated from its relatively simple main road access and pull in parking. There is currently no delivery service offered (by way of personal choice) and the business opens no later than 9.30pm on a 6 day trading week.
This is an opportunity to acquire a highly reputable business in a pleasant residential area with scope to develop the menu and introduce deliveries.
The business is currently run by our client with the help of 6 part time members of staff.
Mains electricity, gas, water and sewerage services are connected to the property.
The property is assessed as follows:
Rateable Value £1,925
Rates free incentives subject to individual status.
The premises will be offered on a new lease for a term to be agreed but with a 3 yearly rent review pattern. The commencing rent will be £12,000 per annum and the in going tenant will be responsible for the cost of the preparation of the lease.
The living accommodation is available separately for £500 per calendar month.
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.