Business for Sale in Lowestoft, Suffolk - FISH & CHIP RESTAURANT/TAKEAWAY WITH ACCOMMODATION - LOWESTOFT, SUFFOLK - Freehold: £299,950 Leasehold: £69,950

Key Information

Ref
CF33729E0
Type
Food Service Businesses: Fish & Chip Shops
Location
England: Suffolk
Tenure
Freehold, Leasehold
Status
For Sale
Accommodation
2 Bedrooms
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Welcome to Perry’s Fish & Chip Restaurant – a successful traditional sit in ‘plated’ fish and chip restaurant which also offers takeaways. Located just off the vibrant end of Lowestoft High Street the restaurant is ideally situated within walking distance to the Railway Station, seafront and fish docks, which provide plenty of passing trade. The area benefits form a range of fully occupied independent shops, including a McDonalds, Weatherspoon’s and HSBC Bank in close proximity. Parking is available in the immediate area and the property features its own private parking space to the rear.

Perry, the current owner of the business is very much hands on and fries the food, while being supported by three part time waitress staff. Fish is cooked to order with the business enjoying an outstanding reputation for quality meals, as indicated by a strong Trip Advisor ranking and Certificate of Excellence. Waveney District Council has also awarded a 5 Star Hygiene Rating.

The restaurant enjoys a regular clientele of well-behaved mature adults and families, plus seasonal tourist visitors.

Featuring a 43 cover ground floor restaurant the business also offers a superb duplex family apartment above with its own independent rear access. The first floor comprises lounge, spacious kitchen/dining area and double bedroom. The second floor features a master bedroom spanning the width of the building with spacious bathroom containing a rolled edged bathtub and independent shower enclosure.

THE BUSINESS ITSELF

Perry has owned the business for the last 10 years, although had a break for 4 years during which time the business was let out. Back at the helm since May 2016 the business has been quickly restored back to its former reputation as evidenced by increasing levels of trade. Turnover is current controlled and within the VAT threshold by restricting operating hours to a 3 hour lunchtime slot 5 days per week.

Current turnover is approximately £1,400 per week, although it’s clear from ‘out of hours’ visits that there is tremendous potential to increase this via longer opening hours. A visit to the restaurant and the surrounding area is highly recommended so interested parties can appreciate the opportunity and see what is on offer.

Trading accounts are available to interested parties with the completion of a signed non-disclosure form.

ACCOMMODATION
ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

  • Three story freehold terraced property with a frontage of c. 5.4m.
  • Ground floor restaurant area measure approximately 17m deep x 5.4m wide/frontage in total. Split into frying area/takeaway at the front measuring approximately 6m x 5.4m wide, linking to seating area for tables and the 43 covers, measuring approximately 11m deep by 5.4m wide.
  • Potato preparation room c. 3m/3.5m and Unisex customer washroom/toilet c. 2m/2.5m to the rear.
  • The duplex apartment above provides residential accommodation on separate first and second floors and is accessed via independent rear entrance (particulars above refer).
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