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Restaurant/cafe for sale

£36,950

88 Ripon Street, Preston PR1

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Property description

Business
Hilton Smythe is delighted to welcome to the market this well established and popular fish & chip shop and Indian takeaway business, which is ideally located within the city of Preston, Lancashire.

The business was originally established as a fish & chip shop over 50 years ago and has been in our client’s careful ownership since 2013. Only now is the business being offered to the market due to our client’s desire to concentrate on other interests. The business currently operates 6 days per week and generates a turnover in the region of £63,200 with a gross profit of approximately 66% as per 2017 accounts.

Our client offers a variety of traditional fayre including fish & chips, burgers, pies, sausages, children’s meals and sandwiches, as well as a range of Indian dishes, including curries, samosas, pakora’s and set meals. The property boasts approximately 36 sq. Metres of floor space, is well maintained and fitted out to suit the trade.

The business has built up an excellent reputation within the area for the high quality and freshness of the food offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to promote the high quality food offered. The business is already being promoted on the popular social media website Facebook, but would benefit from the launch of a business website, which could incorporate online ordering facilities.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Location
Jit’s Plaice occupies substantial ground floor premises, ideally located within the vibrant city of Preston in Lancashire. The business is surrounded by a mix of residential and commercial properties, from which the business derives much of its trade. The business is situated on Ripon street and benefits from a good volume of footfall and passing trade, as well as on-street parking facilities directly outside the property.

Preston is a modern and vibrant city undergoing massive redevelopment. According to the 2011 census, the city had a residential population of 122,719. Preston has become a regional shopping centre for Northwest England, with huge regeneration in the town centre planned. It has the 6th largest university in the country. In 2002, Preston was granted city status by Her Majesty the Queen, making it the 50th city in England.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Preston railway station is approximately 1½ miles away. The area is also well served by the a-roads, with the A6, A5085 and A59 all being within easy driving distance, which link to the national a-road and motorway networks. Blackburn is approximately 10½ miles away and Blackpool is 16½ miles away.
Premises
Substantial ground floor premises in an ideal trading location, briefly comprising:

Large service area with 4 x stools for customer seating.

Serve over 3 x pan range with side counter.

Good sized service area to rear of counter.

Preparation room and well equipped kitchen.

Stock/preparation room.

WC.

External:

Rear yard for deliveries.

Equipment included:

3 x pan range.

4 x ring cooker.

Microwave oven.

3 x refrigerators.

Upright freezer.

Chest freezer.

Electronic cash register.

Bug zapper.

CCTV.

Menu boards.

A-boards.

Shelving.

Potato rumbler.

Potato chipper.

Stainless steel work tables.

4 x stools.

Drinks refrigerator.
Tenure
We are advised Leasehold:

Original lease length: 10 years

Remaining lease length: 7 years

Rent: £433 per annum
hours
The business is open:

Monday – Saturday: 11.00am – 2.00pm and 4.00pm – 8.00pm

Sunday: Closed
staff
The business is owner run and managed with 3 x part time staff members.
Financial profile
The business currently operates 6 days per week and generates a turnover in the region of £63,200 with a gross profit of approximately 66% as per 2017 accounts.

What Zoopla users think of Preston

Overall rating:

  • currently 3.5 stars
Good - 72% (81 ratings)

Ratings breakdown:

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Nearby transport

  • Preston (Lancs) (1.0 mile)
  • Lostock Hall (3.4 miles)
  • Bamber Bridge (3.6 miles)
  • Blackpool International Airport (13.0 miles)
  • Liverpool John Lennon Airport (30.8 miles)
  • Manchester International Airport (33.9 miles)
  • Knott End-On-Sea Ferry Landing (16.0 miles)
  • Fleetwood for Knott End Ferry Landing (16.2 miles)
  • Heysham Ferry Terminal (20.0 miles)

Nearby schools

View all schools in Preston
  • Eldon Primary School (0.1 miles)
  • English Martyrs Catholic Primary School, Preston (0.3 miles)
  • The Roebuck School (0.4 miles)
  • Preston College (1.0 mile)
  • Cardinal Newman College (1.3 miles)
  • Alston Hall College (5.1 miles)
  • Abrar Academy (0.2 miles)
  • Moorbrook School (0.3 miles)
  • Moor Park High School and Sixth Form (0.7 miles)
Note: Distances are straight line measurements

Local info for Preston

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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