Location
The business forms part of a small suburban shopping area just off Newcastle Road to the north of the City centre not far from the Stadium of Light. The immediate area is a mixture of residential and retail accommodation and occupiers include hair and beauty salons, a convenience store and a sandwich bar.
Business
This fish and chip shop has been in our client’s ownership for over 30 years but has been placed on the market as they now wish to retire.
The premises was recently refurbished and the service area has been styled to reflect a traditional fish and chip shop with a menu that also reflects this theme. A new Kirenko 4 pan frying range was installed during the refurb and this state of the art range is regularly serviced and in excellent condition.
The current menu is compact and our client ensures that the quality of the produce remains high which is reflected by the loyal customer base and the strong feedback via social media. The shop has a 5* rating from the local authority food hygiene department and is in excellent order throughout.
The current hours are very short and the shop is also closed for holidays for 6 - 8 weeks per year. We see the business as an opportunity for either a couple or a partnership to grow further with genuine potential for motivated owners.
Premises
Comprises a detached two storey property with a ground floor retail unit and a separate flat above.
Ground Floor
Fish & Chip Shop circa 400 sq.ft. (37 sq.m) with 4 pan gas range, service counters, menu boards, bain marie, drinks chillers and tiled walls.
Prep Area 169 sq.ft. (15.7sq.m) commercial sinks, fridge, freezers, chippers, new peeling station and walk in chiller.
W.C. with wash hand basin.
First Floor
One Bedroom Flat self-contained with separate access and comprising kitchen, lounge double bedroom and bathroom.
The flat has previously generated up to £385 per calendar month and could be suitable for letting out again or owner occupation.
EPC
Rating C.
Staff
Currently operated by our client and 1 member of staff.
Trading Hours
Tues - Fri 11.30am – 1.30pm 4.30pm - 7.00pm
Sat 11.30am – 1.30pm
Sun - Mon closed
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £5,200
Rates exempt subject to status.
Tenure
The premises are available on a new lease at a rent of £350 weekly (£18,200 per annum) to include the flat above. Terms to be agreed and the ingoing tenant will be responsible for the landlord’s legal fees in the preparation of lease.
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.
