Ref 7282 – Leasehold Fish & Chip Shop
Blacks Brokers are pleased to bring to the market this leasehold fish and chip shop located in Milton Keynes.
TastyMK was established by our client in this busy area of Milton Keynes in 2019 when the property had a full refit, this included both the business within the ground floor and the accommodation within the first floor. The business offers a range of takeaway food options, in addition to fish and chips, there are also kebabs, burgers, fried chicken and a large vegan and vegetarian menu. It has become very well known in this area 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 superb reviews are noted on Google, JustEat, Facebook and UberEats. TastyMK has a comprehensive website in place.
TastyMK occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers such as a hairdressers, coffee shop and Chinese restaurant as well as large multiples such as The Coop. The area is well linked by the M1 with very strong public transport links and parking is available immediately outside the property.
The business is ideally suited to a hands-on owner-operator but due to 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.
The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a twelve year lease which began in 2019 at a cost of £519 per week.
The business operates with four members of full time staff supporting our client working on a full time basis.
TastyMK has traded solidly since opening and our client has established a strong repeat customer base. The profit and loss year end 31st July 2020 show that the business has an annual turnover of £523,750 with a gross profit of £363,156. Full financial information is available upon request.
Purchasers should enquire with relevant local authorities to confirm the rates payable.
This newly fitted and highly reputable business occupies an enviable trading position in a bustling area of Milton Keynes. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new online services such as Deliveroo and there is also potential to add an al fresco seating area to the front of the property. 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: £395,000.
Please quote ref: 7282