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Property Listing Details

Restaurant/cafe for sale

Princes Road, Torquay TQ1

£20,000

Features

  • Well Established Fish & Chip Takeaway
  • Prominent Location Within Densely Populated Area
  • Strong Year Round Trade, Evenings Only
  • Huge Potential to Increase Trading Hours
  • Freehold Option Also Available

Description

Ellacombe is a popular residential area with families due to the proximity of several junior and senior schools and the areas of Plainmoor and Torquay town centre being only a relatively short walking distance. The densely populated area provides a huge customer basis for this already popular Fish & Chip Takeaway.

This well equipped business fronts Princes Road which leads up from Torquay’s town centre and has the benefit of parking immediately in front of the premises. The menu offers a range of food including the traditional fish and chips alongside other choices such as burgers, sausages, pies and a children’s menu. Christie’s benefits from year round trade and has a strong local following. However the current owners have chosen to reduce the trading hours to suit themselves. This therefore provides the next operator with terrific scope to further increase the trade by opening lunchtimes and extending the evening trade period. The introduction of a delivery service would also hugely benefit the business.

Main Trade Area

Large glass frontage with central entrance leading directly in to the customer waiting area and service counter. Non slip flooring, customer window seating and overhead illuminated menus. Gas range with 2 ½ pans, 2 hot boxes and 1 chip scuttle, wrapping station and cash register. Floor mounted storage cupboards with stainless steel work top, inset wash hand basin, commercial microwave, under counter freezer, large upright drinks fridge and 4 pot Bain Marie..

Wet Room

Tiled flooring and wipe clean wall cladding. Potato rumbler with new liner and chipper.

Preparation Area

To the rear of the service area with wipe clean wall cladding, stainless steel work surfaces and double sink unit with drainer. Inset 4 ring gas hob, under counter fridge, large upright freezer, large upright fridge and microwave.

Staff Cloakroom

With dry store shelving, wash hand basin, separate door through to WC.

General Information

Rateable Value

2017 List: £3,350. The premises qualify for 100% Small Business
Rates Relief however we would recommend you contact
Torbay Council for further information, Tel.

Business

Christie’s currently trades Tuesday through to Saturday 5-9pm only. There is potential to open for lunches through the week and to extend the trading days to include Sundays & Mondays and introduce a delivery service. The owner/operator is assisted by a fryer working 24 hours a week and 2 part time staff. The turnover on these limited hours for year ending 31st October 2017 was £85,200. Further accounting information will be made available to interested parties following a formal viewing arranged via Bettesworths.

Tenure

Leasehold. Available via a new Fully Repairing and Insuring Lease with an ingoing premium of £20,000 for the trade inventory and goodwill of the business and an annual rent of circa £8,000. Further terms to be negotiated.

Alternatively, the premises are available freehold at an asking price of £125,000.

Services

We have been informed the premises are connected to all mains services.

EPC Rating D

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Ellacombe Academy 0.2 miles
  • EF Academy Torbay 0.3 miles
  • Torquay - North Quay 0.7 miles
  • Torquay Harbour Boarding Pontoon 0.8 miles

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Property descriptions and related information displayed on this page are marketing materials provided by Bettesworths. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bettesworths for full details and further information.