Retail premises for sale in Croydon, Surrey CR0

£95,000
Retail premises for sale
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Property features

  • Well Established Traditional Fish & Chip Shop Plus Chinese Takeaway
  • Managed & Ran By Current Owners/ Busy Main Road Location
  • Good Condition / Retirement Sale - 3/4 Bed Accommodation Above
  • Leasehold Opportunity- Freehold option also available.

Property description

Reference - 48521

Description
Well established traditional fish and chip shop and Chinese take away situated in Croydon within a residential and commercial area. The business is located on a main road parade amongst other independent retailers and national chains. The area in general is well served by a number of bus routes and benefits from a loyal and regular client base along with passing trade.

The business has been run under the current ownership since 2002 although we have been advised that a chip shop has traded from the same spot since the mid 1970’s. Our client introduced the Chinese take away to generate additional income. Since purchasing, our client has built up an excellent reputation for providing high quality take away food which can be delivered by Deliveroo or UberEats.

The business has limited competition locally so therefore benefits from good gross and net profits margins. Whilst the business generates a decent level of income each week it still offers genuine growth potential for any new owner. In our opinion there is ample room within the shop to add additional food lines such as kebabs, burgers and potentially a pizza over.

Financial Information
We have been advised that the business generates an income of approx. £3,000 per week.

Trading Hours
Tuesday – Saturday 17:00 – 22:30
Sunday and Monday – Closed

Staff
The business is run by a husband and wife team along with ad hoc part time staff.

Building External
Spacious shop premises operating from the ground floor of a three storey mid terraced property on a parade location with excellent road side signage.

Building Internal
Light and airy customer area which is presented good condition and provides a welcoming feel when entering from the street.

The main serving area is equipped with a modern, two pan P&T Range which we are advised was installed in 2015 by the current owner. The range has been well maintained and we are further advised that is serviced annually. Single till with stainless work top.

Chinese wok range with eight burners.

Services
The prep and store areas are to the rear of the property and are again presented in good condition. Stainless Island style prep table. The business has ample stainless work tops along with commercial refrigeration and a walk in fridge and freezer. Tiled floor throughout the prep and serving areas. Staff WC.

All the fixtures and fittings are included within the sale price.

Accommodation
The split level owner’s accommodation is laid out over the first and second floors and comprises of:
First Floor:
Single bedroom
Single bedroom off of the living room
Living room
Domestic kitchen
Bathroom with panel enclosed bath, WC and wash hand basin

Second Floor:
Single bedroom
Double bedroom
Access to roof terrace

Tenure
We are advised that the property is freehold although the owners are prepared to create a new 20 year lease with an annual rent in the region of £25,000 exclusive (correct as advised on 03.06.2021) for the entire property. Rent reviews will be at 4 yearly intervals

Summary
An ideal opportunity for an energetic, hands on owner who can take this well used traditional fish and chip shop and Chinese take away to the next level and to build upon the already excellent reputation gained under the current ownership.

A viewing is highly recommended to fully appreciate the location and property.

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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer 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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