Exceptional superbly fitted & equipped fish & chip restaurant & takeaway in North London

Key features

• £10,000–£12,000 per week under complete management control
• Trading potential to return to the previous £25,000 per week days.
• £200,000 of refurbishments, including the £85,000 Kiremko range
• 80-seat restaurant plus separate adjacent takeaway shop.
• Established for over 65 years on a prominent bold corner location.

About this business

A very long established fish & chip restaurant and takeaway in a wealthy north London suburb close to Hampstead, Finchley and Barnet. Present owners completely refurbished this business at a cost well in excess of £200,000 having originally purchased this Chippy through Rosen's about 25 Years ago. Presently taking a very neglected £10,000 to £12,000 a week under complete management and Staff control. This Fish & Chip Shop was originally established over 65 years by previous English Family.

Trading figures

Takings currently averaging a very neglected £10,000 to £12,000 per week, achieved entirely under management & Staff control and amazingly from just 5 days trading and very limited opening hours between Tuesdays to Saturdays. There is no reason why this Fish & Chips Business could not easily return to the past £25,000 per week takings from years gone by and especially in more experienced and enthusiastic hands on ownership.

Trading hours

Just 5 days trading a week between Tuesday to Saturday from 12.00 noon to 2.30 pm and 5.30 pm to 10.00 pm. Trades for only 49 weeks of the year and has the most amazing potential if trading and taking advantage of the full 7 days potential..

Business premises

Completely refurbished throughout a few years ago at a cost in the region of £200,000 which will become immediately evident on viewing. The layout combines a superb 80-seat restaurant with a separate adjacent takeaway shop, supported by a very professional preparation and working area to the rear. Materials, finishes and equipment are best-quality throughout, and the condition reflects the care and expense the current owners have put into the fit-out. Viewing really is the only way to appreciate what has been done here.

Trade equipment

The headline item is an £85,000 seven-pan Kiremko island frying range, installed as part of the refurbishment and a substantial chunk of the asset value on its own. Beyond the range, every piece of equipment needed to run a fish & chip restaurant and takeaway of this scale is on site — too numerous to list individually, but comprehensive and in keeping with the standard of the rest of the fit-out.

Tenure

The existing valuable Lease initially commenced in 2008 for a Term of 21 year and the current Rental is £48,000 p.a. for the Lock-Up Shop to include the Restaurant and adjacent Takeaway shop plus the whole of the spacious ground floor inclusive of superb fully equipped purpose built Preparation, Kitchens and Storage facilities. We understand there may also be the possibility to secure a new lease in the near future.

Accommodation

There is NO ACCOMMODATION included with this business.

Trading position

A very prominent eye catching bold corner trading location on very busy main through-road in North London on the borders of Hertfordshire & Middlesex and with easy access to the M1 &, M25 Motorways plus virtually on the A406 North Circular Road. The surrounding catchment areas are densely populated and notably wealthy & affluent in very close proximity to Hampstead, Finchley and Barnet, with the West End around 30 minutes' drive away. Exactly the kind of position you can only dream of which has has supported this business for over six decades.

Special remarks

Quite possibly one of the finest fitted & equipped fish & chip businesses you might see. Established over 65 years ago by previous English Owners and amazingly refurbished at a huge expense by the present Owners. Present very neglected weekly takings are in the region of £10,000 to £12,000 under complete management and Staff control. The reason for sale is due to unforeseen genuine Business and Personal circumstances. In Rosen's expert opinion, we believe weekly takings could easily return to the previous glory days of some £25,000 per week takings.