High-turnover fish & chip restaurant, wealthy north London

Key features

• £14,000–£15,000 weekly turnover, run under management
• £56,000 per year rental income from bedsits above
• £250,000 refurbishment, including £85,000 Kiremko range
• 80-seat restaurant plus separate adjacent takeaway
• Established for over 60 years on a prominent corner pitch

About this business

An established fish & chip restaurant and takeaway in a wealthy north London suburb close to Hampstead, Finchley and Barnet, refurbished throughout at a cost of around £250,000 and currently turning over £14,000 to £15,000 a week under management. The site also generates around £56,000 a year in rental income from converted bedsits above the shop. Trading for over 60 years, with clear historical evidence of takings well above current levels under hands-on ownership.

Trading figures

Gross takings currently average £14,000 to £15,000 per week, achieved virtually entirely under management. The business has a documented track record well above this level — when the present owners bought the shop through Rosens around 18 years ago, weekly takings under the previous owners were averaging over £25,000, and we believe a return to the £25,000 to £30,000 region is realistic in more experienced, hands-on ownership.

Trading hours

Six days a week, 12.00 noon – 2.30pm and 5.30pm – 10.00pm. Trades for 50 weeks of the year.

Business premises

Completely refurbished throughout at a cost in the region of £250,000 — the standard of the work is 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. (Items have not been formally tested — buyers should commission an independent inspection.)

Accommodation

The large accommodation above the shop has been converted by the current owners into a number of separate bedsits, which are let out and currently producing rental income of around £56,000 per year. That income passes to the new owner alongside the trading business.

Trading position

A bold, prominent corner pitch on a main through-road in north London, with easy access to the M1, M25 and North Circular. The surrounding catchment is densely populated and notably affluent, sitting in close proximity to Hampstead, Finchley and Barnet, with the West End around 30 minutes' drive away. Exactly the kind of position — visible, well-connected, wealthy — that has supported this business for six decades.

Special remarks

Quite possibly one of the finest fish & chip businesses you will see: established for over 60 years, refurbished at huge expense, trading at £14,000 to £15,000 a week under management, and underpinned by £56,000 a year in rental income from the bedsits above. The reason for sale is straightforward — the business is well run but, in our view, lacks the input of enthusiastic, hands-on owners, and we believe weekly takings could increase considerably under that kind of ownership. There is precedent: the previous owners were averaging well over £25,000 a week before the current owners bought the shop through Rosens around 18 years ago. Inspection is strongly recommended.