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Description

Newly refurbished fish and chip shop close to Ashington town centre where the owner is regretfully having to sell due to personal circumstances. Recently re-launched it has quickly established itself for the quality of fish and chips and represents an ideal venture which requires little or no change to the premises. Well equipped, with opportunities to increase trade by increasing opening hours and / or additional range of food. Ready to take over immediately.

Newly refurbished fish and chip shop close to Ashington town centre where the owner is regretfully having to sell due to personal circumstances.

Recently re-launched it has quickly established itself for the quality of fish and chips and represents an ideal venture which requires little or no change to the premises. Well equipped, with opportunities to increase trade by increasing opening hours and / or additional range of food.

Ready to take over immediately, well worth an enquiry. (reference: BUS1002578)

PREMISES

The property comprises :

A public area to the front of house with fixed seating and tables for 10 people. Fully glazed frontage to main street with security shutters.

Behind the serving counter and range is a spacious working area with to the rear, a large open area for food preparation and storage. The area is fully tiled, very clean with new wall coverings throughout having been refurbished by new owners.

A very well presented fish and chip business.

LOCATION

Situated on Lintonville Terrace, very close to Ashington town centre and virtually opposite the new Asda Superstore in the town. Free parking close-by.

EQUIPMENT

A full inventory of equipment can be made available to serious enquirers, but suffice to say, the premises are very well equipped throughout with clean, well presented fixtures

TENURE

The property is available with a 20 year lease, which has in built 5 year break clauses. We understand that rent reviews are every 7 years.

Rent payable until 4/13 - £8,000 per annum
Rent payable 4/13 to 4/14 - £10,000 per annum
Rent payable 4/14 to 4/18 - £12,000 per annum

Rent review due April 2018.

The premises are free of Business Rates until October 2012. Renown Commercial Ltd has not seen the lease and would advise any interested party to make their own enquiries to verify this information.

FINANCIAL INFORMATION

Given the business has just been trading in the hands of the new owners for a matter of weeks, no meaningful financial information is to hand. That said, early figures suggest takings in the region of £1,200 per week.

OPENING TIMES

Mon - Sat 11.30am - 6.00pm (except Wednesday)
Wed 11.30am - 2.30pm T

The premises are able to trade during evenings, the current owners are unable to so due to personal circumstances.

SUMMARY

A very well presented fish and chip takeaway that benefits from a good location and an excellent reputation.

Unfortunate circumstances dictate the need for sale and the owners will consider reasonable offers for the business.

Viewings to be arranged via Renown Commercial Ltd.