Restaurant/cafe for sale in Gale Lane, York YO24

Restaurant/cafe for sale
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Property description

Please quote reference B06576

Hilton Smythe is delighted to welcome to the market an opportunity to acquire on a leasehold basis a traditional fish and chip shop business with a great reputation with many loyal & repeat customers.

The business has been under the careful and meticulous ownership of our clients for a number of years, and has only now been introduced to the market as our clients wish to concentrate on other business interests, and are keen to see it pass to enthusiastic new owners.

Gale Lane Fisheries offers traditional fish and chips resulting in a consistent turnover, and it must be clearly stated that these have been achieved with the business operating on slightly reduced hours, leaving huge potential to take the business to the next level.

The business operates from an immaculately presented traditional fish and chip shop and has undergone an extensive programme of refurbishment over the years and is presented in a superb “turn-key” condition.

It prides itself on delivering the highest quality food cooked fresh to order, along with an exceptional level of customer service.

There is scope to further increase the already impressive level of turnover with the introduction of revised opening hours, offering a delivery service and introducing some new additions to the menu along with the introduction of a website to promote the business and the ability to place orders online.

Our client would also be willing to potentially sell the freehold of the premises, which includes a substantial residential property in addition to the business premises.

This is an excellent opportunity for a new owner to take this already thriving and exciting business to the next level.

Viewing is highly recommended to fully appreciate this very well run & immaculate business.

The business is located on Gale Lane in the Foxwood area of the historical city of York, and benefits from being in a densely populated residential area, leading to a good level of footfall and passing trade.

York is a cathedral city in the Yorkshire and Humber region and in mid-2019 had a population of 210,618.

The city lies at the intersection of the A19 road from Doncaster to Tyneside, the A59 road from Liverpool to York, the A64 road from Leeds to Scarborough and the A1079 road from York to Hull.

The A64 road provides the principal link to the motorway network, linking York to both the A1 (M) and the M1 motorways and the Trans Pennine M62 motorway is less than 20 miles away providing links to Manchester and Liverpool.

The business is located in a traditional fish and chip shop premises, which is immaculately presented and briefly consisting, main entrance with service counter, overhead menu, and drinks fridge, with a 4-pan frying range located to the front of the premises.

To the rear of the premises there is ample preparation space with further catering facilities, along with the potato room, housing industry standard equipment, along with further refrigerated storage areas.

We are advised that the business is being sold on a Leasehold basis, with a new 10 year lease to be granted for the new buyer. The rent is £833 per month and has £0 rates payable.

The business hours are -

Monday – 16:30 – 20:30
Tuesday – 11:30 – 13:30 & 16:30 – 21:00
Wednesday – 11:30 – 13:30 & 16:30 – 21:00
Thursday – 11:30 – 13:30 & 16:30 – 21:00
Friday – 11:30 – 13:30 & 16:30 – 21:00
Saturday – 11:30 – 13:30 & 16:30 – 20:00
Sunday - Closed

We are advised that the business has 1 full-time and 1 part-time members of staff.

Financial Profile
We are advised that as per the 2020 accounts, the business generated a turnover in the region of £75,000, with an adjusted net profit in the region of £25,000. Full financials can be made available upon further request.

Please quote reference B06576

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For more information about this property, please contact
Hilton Smythe Business Sales, 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 Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales 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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