Business Hilton Smythe welcomes to the market this very well positioned takeaway chip shop Gellideg Fish Bar. Set in the middle of a large housing estate, offering great footfall.
The shop itself has been run by the current owners for around 4 years, who is now looking to pursue other business interests.
The chip shop mainly offers fish and chips, and also sells chicken, donner kebabs, jacket potatoes, pies, pasties, scampi and burgers. This has the potential for substantial improvement by increasing the variety of food sold to include pizzas, southern fired chicken, shish kebab etc and by employing more staff to help out.
The owner has recently joined JustEat which could also be pushed and expanded.
Gellideg Fish Bar offers plenty of space and great opportunities for the new owners.
Location Gellideg Fish Bar is situated in the highly residential area of Gellideg, offering great footfall. It is situated just over 1 mile from the centre of Merthyr Tydfil.
Merthyr Tydfil is a large town in Wales, with a population of about 63,546. Situated in the historic county of Glamorgan, it is the main town in Merthyr Tydfil County Borough.
Good access is gained to all areas via the A465 and the A470. Also, the M4 motorway is only 30 minutes to the south giving access to the South and South West.
Premises These are easily managed premises covering approximately 47 sqm on the ground floor.
Main shop area equipment includes:
Counter Deep fat fryers Kebab machine Drinks fridge Warmers
To one side is a large preparation room with potato peeler, chipper, pizza oven (presently not working), fridge, freezer etc, rear store and WC.
A rear door also gives access through to an enclosed rear garden.
Most of the equipment is owned by the landlord and is included as part of the yearly rental. However, the current owner does own the warmer, 2 microwaves and one of the stands.
Above the shop is a flat, which we believe from the chip shop owner is presently vacant and could be available to the new owner of the business, subject to separate negotiation with the landlord.
An internal viewing is highly recommended to see the future potential on offer.
Tenure We are advised that Gellideg Fish Bar is being sold as a Leasehold opportunity.
The premise has a 5 year lease as of 2017.
The rent payable is currently £6,240 per annum.
Hours Monday – Saturday: 12.00 pm to 10:00 pm Sunday: 4:30 pm to 10:00 pm
Staff Gellideg Fish Bar is currently run by the owner and occasional casual labour.
Financial Profile We believe from the owner that Gellideg Fish Bar is turning over £50,000-£60,000 per year; however, we believe this could be greatly improved in the future. The shop has a fantastic catchment area and great potential.
According to the voa website the current rateable value is £1,250; however, the owners inform me that they benefit from small business rates relief so don’t pay any rates.
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