Restaurant/cafe for sale in Southcoates Lane, Hull HU9

£54,950
Restaurant/cafe for sale
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Property description

Ref 6934 – Leasehold Newly Fitted Fish & Chip Shop
Blacks Brokers are pleased to bring to the market this leasehold fish and chip shop located in a bustling area of Kingston upon Hull, East Riding of Yorkshire.


Introduction


Ocean Basket is a newly fitted fish and chip shop that has been trading for over thirty years (previously trading as Fryz). The takeaway is very well known and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and good reviews are noted online. The business has a good following on Just Eat and offers a delivery service in the surrounding area.


Location


Ocean Basket occupies a prominent trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including a convenience store, independent retailers and large multiples such as The Post Office. There are also schools and residential estates close by. Southcote's is well linked by the A63 and A1079 with strong public transport links and parking is available in the surrounding area.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The new lease will be fully negotiated with our client – this will run at a cost of £192 per week.


Staff


The business operates with our client in full time ownership supported by three part time members of staff.


Financial details


Ocean Basket has traded solidly since opening and our client has established a strong customer base. We are advised that the business currently has annual turnover of £130,000 with gross profits of £65,000. It is to be noted that the business is currently operating on limited hours to suit the needs of our client’s busy life – there is much scope and demand to extend to all day opening during the week as well as Sunday opening.


Summary


This newly fitted, long established fish and chip shop occupies an enviable trading position and offers stability and longevity for a new owner. There is plenty of scope to develop the business further with the introduction of a larger delivery area along with the implementation of a website with ordering service and the potential for longer opening hours as detailed above. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £54,950.

Please quote ref: 6934

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For more information about this property, please contact
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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