Restaurant/cafe for sale in Little Underbank, Stockport SK1

£49,950
Restaurant/cafe for sale
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Property description

Ref 5939 – Leasehold Fish & Chip Shop
Blacks Brokers are proud to bring to the market this leasehold fish & chip shop located in a popular and busy area of Stockport.


Introduction


There has been a fish and chip shop trading at this location for over 60 years, and as such has an established clientele of regular customers. In 2016 the current owners bought the business and changed its name to The Fish Inn and it success continued.


Location


The Fish Inn is an established fish and chip shop occupying a grade 2 listed property on little Underbank in Stockport. This is a characterful street with a cobbled road and predominantly a commercial area. The surrounding businesses are mainly independent operations such as hair salons, boutiques and coffee shops.


Reason for sale


The Fish Inn 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 current lease began in 2006 at a cost of £10,500 per annum. There is a 10 year lease for the new owner.


Building layout and design


As well as being a popular fish and chip shop, is also a popular destination as a coffee shop thanks to its ability to provide approximately 30 covers. Customers therefore enjoy a variety of cuisine, obviously focused around fish and chips, however the catering kitchen is able to provide hot and cold sandwiches as well as other traditional English dishes

The centrepiece of the servery is an Edwards of Oldham 2 pan range, this was new in 2005 and has been meticulously serviced to date. Supporting the dining area and servery is a prep room which houses the rumbler and chipper as well as a variety of fridges and freezers, ovens and microwaves.
Above the restaurant area the first floor presents two rooms that are currently use for storage as well as 2 wc’s. Formerly this was accommodation, and should the need arise, with a bit of attention could be turned back to a competent one bedroomed flat.
From Monday to Thursday the business caters predominantly for lunchtime trade, opening at 11 and closing at 3 o’clock in the afternoon, on Fridays and Saturdays this extends to 4 o’clock.


Staff


The Fish Inn is currently operating with two part-time members of staff.


Financial details


Financial details are available upon a viewing of the business and The Fish Inn has traded solidly over its trading history with 2018 accounts having increased revenues compared to previous year's turnover. The owner has recently introduced JustEat for local deliveries with a view to increase sales online.


Summary


New owners will undoubtedly consider that the business is missing out on prime evening trade here, once consideration is taken that the business doesn’t open on Sundays, new owners will doubtlessly consider that there is tremendous scope to increase turnover from extended opening hours.
This therefore represents tremendous opportunity for new owners, and the ability to increase what are already impressive figures. Business: £49,950.

Please quote ref: 5939

Property info

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Blacks Business Brokers, BL9 on +44 161 937 5978 * (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 Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers 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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