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Popular Fish And Chip Shop In London For Sale

London
Asking Price:
£175,000 Furniture / Fixtures included
Sales Revenue:
£425,129
Cash Flow:
£72,623

Accounts To Year End 31 July 2018
Turnover £425,129 (Audited 31 July 18)
Gross Profit £200,183 (Audited 31 July 18)
Net Profit £72,623 (Audited 31 July 18)
Trading has taken place here since 1996
Highly Populated Area of Ealing London W5
Rent £17,000/year & Rates £6000/year
Established Delivery Service
Seating Area For 12 Customers
EPC - D

INTRODUCTION

The Codfather Fish and Chips has been trading since 2016, with our client in ownership since March 2017 and a business of the same nature here for around 20 years. The business has a long trading history with excellent customer base established and an enviable reputation. The shop offers high quality food choices on a collection or delivery service.

LOCATION

The business is positioned on South Ealing Road in West London this is a densely populated area close to Ealing and Ealing Broadway, this area is well linked with the M4. Public transport links are excellent and parking is available in the immediate area with two dedicated car park spaces to the rear.

REASON FOR SALE

The business is only being offered for sale due to our client’s other business interests.

LEASE

The building is available on a competitive rent on an Internal Repair Only lease (IRO lease).
The current lease is 10 years with rent reviews every 3 years. The lease began in 2017 at a cost of £17,000 per annum.

BUILDING LAYOUT AND DESIGN

The business is housed within a two-storey, single fronted unit within a parade of shops, businesses and houses. The unit is well-branded with signage on display above the entrance. Inside, the shop has a seating area for 12 with customer service counter. The area is modern and well presented with tiled flooring, modern lighting and stainless-steel counter area. To the rear is a well-equipped catering kitchen with preparation area and separate storage space.

Additionally, there is a second kitchen to the back of the unit which is currently rented to an Indian Takeaway service who pay £1,000 per month in rent in addition to half of the utility bills and 10% of earnings.

All areas are finished well with good quality fixtures and fittings in place, a full inventory is available on request.

STAFF

The business is currently operating with two full-time members of staff in employment, as well as the two owners.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generated £425,129 (Accounts Audited 31 July 2018) with Gross Profits of £200,183 per annum and a Net Profit of £72,623.

SUMMARY

This is a very busy and popular, well presented takeaway with main road frontage which also has inside seating, an established delivery service.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON: 12:00 - 22:00
TUE: 12:00 - 22:00
WED: 12:00 - 22:00
THU: 12:00 - 22:00
FRI: 12:00 - 23:00
SAT: 12:00 - 23:00
SUN: 12:00 - 22:00

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