Freehold Fish & Chip Shop For Sale

Rye, East Sussex, United Kingdom

Advert ref: 10705

Business description

Bag a Business is pleased to offer for sale this thriving fish and chip restaurant and takeaway, which was established in 1948 and has been under the proud ownership of our client since 2002. It is now reluctantly being placed on the market due to a family bereavement. The business is run by our client with help from four part time members of staff (average weekly wage bill £600) and achieves a turnover in the region of £2,500 per week, whilst maintaining a healthy gross profit margin. This is further enhanced by the generously sized accommodation and separate self-contained one-bedroom cottage, which are let out generating a further £300 per week in income. The Fish Shop has built up an excellent reputation for offering delicious food served in its two dining areas, which are decorated using a maritime theme. We feel that this opportunity represents an ideal base for a new owner to build upon, possibly by extending the opening hours or by reopening the bed and breakfast business, which was run using the upstairs accommodation. Early viewing of this unique business in an extremely sought after location is strongly recommended.

Property:

Freehold

Lease terms

Freehold

Living accomodation

Well presented three-storey premises and self contained cottage. Briefly comprising: GROUND FLOOR Takeaway waiting area Open-plan kitchen area with 3-pan range and preparation area behind Chip room with chipper and potato rumbler Restaurant area 1 with 36 covers Restaurant area 2 with 24 covers Toilets LOWER GROUND FLOOR Large cellar currently used for storage FIRST FLOOR Lounge Kitchen Utility room Double bedroom Double bedroom with en-suite Double bedroom with en-suite bathroom SECOND FLOOR Second lounge Double bedroom Bathroom SELF CONTAINED COTTAGE Lounge Kitchen/dining room Double bedroom EXTERNAL Courtyard garden Roof garden

Location

The Fish Shop occupies a prominent trading position on one of the main shopping streets in the popular coastal town of Rye, which is in East Sussex. Rye has a population of approximately 4,000 people. The street contains a good mix of both independent and multiple shops and businesses. There is ample on and off street car parking close by. The popular restaurant and takeaway draws its trade from the local area, which has good schools and some excellent leisure facilities. It sees a large increase in population during the summer months, when visitors and holiday makers flock to the area to enjoy its winding cobbled streets and castle. Although set in picturesque countryside and being by the sea, Rye enjoys excellent links with a railway station and via the main A259 and the A2070, which connects to the M20 motorway (which leads to the M25) via junction 10 at Ashford.

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Financial details

Asking price:£799,999

Sales revenue:£130,000

Net profit:Undisclosed

Furniture / Fixtures value: Undisclosed

Inventory / Stock value: Undisclosed

Photos