Restaurant/cafe for sale in 34 High Street, Lincoln LN4

£460,000
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Property description

Business
Hilton Smythe are delighted to welcome to the market Chip Off The Old Block. This small fish and chip shop with large owner’s accommodation, has been established since 2003 when our client took ownership.

Our client is now looking to sell the business due to a well-deserved retirement. The owner has worked hard to build up the business and generates an advised turnover of around £73,000 per annum, with a gross profit of 50% as of 2015 accounts.

The chippy has an excellent reputation in the area, and has a very large amount of loyal customers with no competition within the area. Selling all the traditional fish and chip shop products, and also kebabs and pizza to take away. The business could increase revenue by offering a delivery service, to the surrounding area.

The business comes with a very large owner’s accommodation, and comes with a substantial outer building which is suitable for development. The property is fitted with a Bio Mass Boiler which runs off waste pallets, and there is a storage area for the timber.

The opening hours for the business could be increased a lot, to attract more customers and boost takings. The property is large and the business could benefit from one of the rooms to be converted into a restaurant area.

In the area is a new housing development, of 170 new homes. This will increase the footfall in the area, and the business should benefit from an increase in customers. There is also a development across the road from the business.

This business is perfect for a family, with the large accommodation, and could benefit from the school close by. I highly advise early viewing to fully appreciate the extent of what’s included in the sale.

Location
Chip Off The Old Block is a fabulous fish and chip shop in the country village of Billinghay, Lincolnshire. Billinghay is a small village location with a population of around 2500.

The business is surrounded by houses and benefits from parking at the front of the property. Down the road is a pub and across the road is a car dealership and garage. We are advised that there are plans for an additional 170 new dwellings within the village.

The closest bus stop is a minute walk down the road, and heads in to Sleaford or in the other direction Blankney Barff. Lincolnshire city centre is a 25 minute drive away from the shop via A153.
Premises
The property has massive potential for development and the ground floor could be converted into a small restaurant with plenty of covers.

In this property is a small basement, used as a storage area.

The shop area comes fully equipped:

Waiting area with seating

2 x pan range with extraction system

S/S Service counter with 1 x till

2 x kebab machines

6 x pot Bain Marie.

S/S prep table, Formica prep work counters

Small freezer, Salad bar fridge unit and a 1 x door drinks chiller

Rear Prep room:

Upright fish fridge

3 x Upright fridges

2 x microwaves

2 x pizza ovens

2 x bowl commercial sink, 3 x s/s/ prep tables

Exit door to rear yard.

Potato Prep room:

Hobart Chipper

Cripto rumbler

potato bins

Rear store:

Large commercial sink

Double counter top fryer

3 x chest freezers, 2 x small freezers.

W/c with basin

In the yard is a covered area, with a walk in fridge currently used for storage as it needs a new motor.

The attractive owner’s accommodation is next door to the chippy, and is a reasonable size. Each room has been well decorated.

Ground floor of accommodation:

Cellar access

Large Dining room with bow window

Bright lounge with open fireplace

Fully fitted farmhouse kitchen, with dining area

Bathroom with spa bath and shower over bath

First floor accommodation:

3 x Large double bedrooms

1 x Small double bedroom

Second floor of the owner’s accommodation is an attic room which is currently used for storage.

The owner’s accommodation comes with a drive at the side of the property, this leads to a vast gravelled yard at the back of the property with a large gated lawn area and summer house.

There is also an old stable block with this property and the original slaughter house, which could be converted in to a dwelling.
Tenure
We are advised that the business is Freehold
hours
Business opening times-

Monday- Closed

Tuesday- 4:30pm-7pm

Wednesday- 4:00pm-7:30pm

Thursday- 11:30am-1:30pm & 4:30pm-7:30pm

Friday- 11:30am-1:30pm & 4:30pm-8pm

Saturday- 11:30am-1:30pm & 4:30pm-7:30pm

Sunday- Closed
staff
The business is run and managed by our client with the help of 3 part time members of staff.
Financial profile
We are advised the turnover for the business is around £73,000 per annum, as of 2015 accounts.

With a gross profit of 50%

Nearby transport

  • Ruskington (5.0 miles)
  • Metheringham (6.3 miles)
  • Heckington (7.0 miles)
  • Humberside Airport (34.4 miles)
  • Robin Hood Airport (40.7 miles)
  • East Midlands Airport (47.0 miles)
  • West Lynn Ferry Landing (35.7 miles)
  • King's Lynn Ferry Landing (35.8 miles)
  • Hull Ferry Terminal (46.0 miles)

Nearby schools

View all schools in North Kesteven
  • The Billinghay Church of England Primary School (0.3 miles)
  • Walcott Primary School (1.9 miles)
  • Mrs Mary King's CofE (Controlled) Primary School (3.8 miles)
  • Bridge House Independent School (11.8 miles)
  • Boston College (13.2 miles)
  • Broughton House College (14.8 miles)
  • Doulton House School (3.7 miles)
  • The Barnes Wallis Academy (4.5 miles)
  • St Hugh's School (5.6 miles)
Note: Distance is shown as a straight line measurement

Local info for North Kesteven

About the neighbours in LN4

For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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