Location
The business is located on Neville Street which runs off North Road in a busy part of the City on the north side of the River Wear. North Road is one of the main routes running from the Railway Station and new Bus Station down towards Framwellgate Bridge. There is currently investment taking place nearby with the re-development of the Milburngate Shopping centre and the cinema complex.
Business
This fish and chip shop has been trading from within Durham since 1954 and has been placed on the market by the current owner as they now wish to concentrate on another unrelated venture.
This venue has been part of the Durham late night fabric since 1954 and is popular with locals, visitors and students. The location is close to a number of bars and nightclubs and just off the main “circuit” which is busy all year round but particularly so during term time. There is also a bar within the same building as the Stantons business.
Stantons originally operated as a traditional fish and chip shop but over the years the menu has diversified with tastes. Fish and chips still make up around 50% of the turnover with the remainder coming from the sale of kebabs, burgers and pizza.
There is a delivery service which accounts for circa 40% of the takings but the only platform the owner currently uses is Just Eat. There is clearly further potential to expand the business profile and delivery services and deliveries is now where these types of businesses make their money outside of the weekend peaks.
Premises
Comprises the self-contained ground floor of a mid-terraced property with a service area to the front and a prep room with access from the rear lane and shop.
Ground Floor
Fish & Chip Shop circa 300 sq.ft. (27.5 sq.m) with 4 pan gas range, kebab machine, service counters, menu boards, bain marie, and tiled walls.
Prep Area 295 sq.ft. (27 sq.m) with double pizza oven, commercial sinks, fridge, freezers, chippers, peeling station.
W.C. with wash hand basin.
Fixtures & Fittings
A full inventory would be available prior to an exchange of contracts.
Staff
To be sold free of staff.
Trading Hours (permitted to trade till 3am)
Monday - Wednesday 4.00pm - 10.00pm
Thursday & Sunday 11.30am - 10.00pm
Friday & Saturday 11.30am - 1.00am
Rates
The premises are assessed as follows:
Rateable Value £7,400
Rates free incentives subject to status.
Tenure
The premises are available on a new FRI lease at a rent of £20,000 per annum with full terms to be agreed. The ingoing tenant will be responsible for the landlord’s legal fees in the preparation of lease.
EPC
Rating B.
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.
