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Restaurant/cafe for sale

£39,995

Salford M6, UK

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Property description

Ref 5840 – Leasehold Fish & Chip Shop
Blacks Brokers are pleased to bring to the market this leasehold fish and chip shop located in a busy and popular area of Salford, Greater Manchester.


Introduction


Reel English Chippy was established by our client and has been trading on Broughton Road since 2013 with a business of the same nature being at this location for over 10 years. During this time, the business has gained a large and loyal base of regular customers, a superb reputation and it has firmly established itself within the local community. The business offers good quality food at competitive prices and has been awarded a 5* food hygiene rating which was awarded when our client took ownership.


Location


This area of Salford is busy with both local residents and city workers. The business is situated within an area with a good mix of both commercial and residential properties. This busy main road brings plenty of passing trade and roadside parking is available in the immediate area. Salford is well linked by the M60 and M602.


Reason for sale


Reel English Chippy is only being offered for sale due to our client’s other business interests.


Lease


The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is 6 years with rent reviews every 6 years. The current lease began in 2013 at a cost of £69 per week.


Building layout and design


Reel English Chippy is housed within a large, detached property on a busy junction. The entire building is strongly branded with clear signage on display and large windows to all sides. Inside, the business is mainly housed within the ground floor, with customer servery area at the front with seating for six at a breakfast bar style area, stainless steel servery and preparation area in full view. To the rear are three well-equipped preparation rooms, with tiled flooring and white-wash walls throughout – one is home to a rumbler and chipper, one is a wash room with sink etc and the other is a well equipped kitchen area. All fixtures, fittings and equipment is of good quality and has been well maintained and presented. The first floor is currently used by our client as further storage, however, could be converted into accommodation should a new owner wish to do so. To the rear is an enclosed yard which is currently unused. The property has both an A3 and A5 licence in place. All areas are finished to a high standard.


Staff


Reel English Chippy is currently operated by our client on a full time basis.


Financial details


Financial details are available upon a viewing of the business and Reel English Chippy has traded solidly over its trading history. The business generates weekly takings of £56,400 with gross profit £43,055. There are £0 rates payable.


Summary


This leasehold business is well-positioned and well-established. It has a large customer base in place and a superb reputation. There is plenty of scope to develop the business further and there are even more income opportunities through the introduction of a longer opening hours and weekend opening which is in high demand in this area. This proposition would ideally suit an owner operator who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £39,995.

Please quote ref: 5840

Property info

What Zoopla users think of Salford

Overall rating:

  • currently 3.5 stars
Good - 72% (403 ratings)

Ratings breakdown:

  • currently 3.5 stars
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  • currently 3 stars
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  • currently 3.5 stars
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  • 5
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  • 4
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  • 4
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Nearby transport

  • Salford Crescent (0.6 miles)
  • Salford Central (1.4 miles)
  • Manchester Victoria (1.7 miles)
  • Manchester International Airport (9.6 miles)
  • Liverpool John Lennon Airport (25.8 miles)
  • Blackpool International Airport (36.1 miles)
  • Liverpool Belfast Ferry Terminal Bootle (29.9 miles)
  • Liverpool Pier Head Ferry Terminal (30.0 miles)
  • Liverpool Isle of Man & Dublin Terminal (30.1 miles)

Nearby schools

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  • St George's CofE Primary School (0.4 miles)
  • St Sebastian's RC Primary School (0.4 miles)
  • Holy Family VA RC Primary School (0.4 miles)
  • Abbey College Manchester (1.8 miles)
  • Connell Sixth Form College (3.9 miles)
  • Oldham Sixth Form College (7.5 miles)
  • The Albion Academy (0.3 miles)
  • Buile Hill Visual Arts College (0.8 miles)
  • Oasis Academy MediaCityUK (1.2 miles)
Note: Distances are straight line measurements

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Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers 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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