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Established Takeaway Business, Fish & Chip Shop & Off Licence

Wingate, County Durham

FREEHOLD £265,000 | LEASEHOLD £75,000 (Ref 5745)

Description

Excellent freehold opportunity to purchase a well established takeaway fish & chips, pizza, kebab shop with convenience and off licence business in County Durham. Located within a residential area and with a good reputation this a fantastic opportunity for a family operated business . 

Business

A profitable food business with good net profit this takeaway business  has been established and run by the same family since 1989. Well positioned in the village of Wingate, County Durham the shop is situated on the main street with parking to the front and side and has a large catchment area with good passing trade. 

Fixtures & fittings including all the equipment needed for the takeaway service including the 4 pan fryer unit, pizza oven and kebab skewer along with refrigeration chillers. This is an excellent freehold or leasehold opportunity for a couple or family wishing to take over a successful business and run it themselves.

Our clients are selling the business due to retirement.

Accommodation

A very well presented three storey property with a modern and newly refitted 5 room accommodation upstairs and available to purchase or rent. Please contact us for more information on the accommodation.

Shop Dimensions

Trading Area 36.2 m² (389.6 f²)
Stockroom Area 21.4 m² (230.3 f²)

Accommodation Dimensions

Lounge 31.2 m² ( 106.5f²)
Kitchen 17.5m² (78.5 f²)
Bathroom 8 m² (35.5 f²)
1st Bedroom 9.9 m² (106.5 f²)
2nd Bedroom 9.6 m² (103.3 f²)
3rd Bedroom 13.8 m² ( 148.5f²)
4th Bedroom 17 m² (183 f²)
Loft Room 34 m² ( 365.9f²)

Financial Information

Freehold Price 
£265,000

Leasehold Price
£75,000

Weekly Sales
£4,500

Business Annual Rent
£18,400

Accommodation Annual Rent
£5,400

Business Rates
Current rateable value £1,975
(Business rates relief available please see below *)

Fixtures & Fittings Approximate Value

Accounts Available
3 years

Annual Net Profit
£38,000

Gross Profit Margin
40-50%

* (Note: The rateable value is used to calculate your rates bill so this is not the amount you will pay) Click here for more information

Further Details

Premises Licence
The premises has a licence to sell alcohol 

Employees
No employees

Stock Value Estimated
£10,000

Trading Hours
Monday – Friday 11:30 am – 1:30 pm; 5:00 pm – 11:00 pm
Sunday 6:00 pm – 11:00 pm

Key Features

• Freehold Opportunity

• Well presented 5 bedroom accommodation

• Well established take away business

• Off Licence, Delivery Service

• 3 storey property

Location

The property is located within a residential area in Wingate, County Durham with limited competition nearby.

Google Map Location

2 Bedroom Property with Convenience Store & Off Licence

Hartlepool (Ref 5717)

Sales £7,500 PW

Prime Location

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Two 3 Bedroom Properties & Convenience Store

Witton Gilbert (Ref 5722)

Sales £3,500 PW

Rent Income £10,800

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2 Bedroom Property with Convenience Store & Off Licence

Darlington (Ref 5684)

Sales £9,000 PW

Nearby Development

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3 Bedroom Property with Convenience Store & Off Licence

Darlington (Ref 5725)

Sales £3,500 PW

LEASEHOLD £17,500

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Arrange a viewing or contact us for more information

Please call us on 01904 867175 for more information on this or any other business or alternatively fill in our enquiry form below.

Business Enquiry Form

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Business Sales Ref 5745