*Ingoing Premium of £95,950* This is a thriving leasehold lock-up Fish & Chip Shop/Takeaway in this popular seaside village in West Somerset yards from the harbour. EPC TBC. Read more
*Ingoing Premium of £95,950* This is a thriving leasehold lock-up Fish & Chip Shop/Takeaway in this popular seaside village in West Somerset yards from the harbour. EPC TBC.
LOCATION Facing the main road through the village, the Harbour Fish Bar is located within yards of the harbour at Watchet in West Somerset.The village has a population of around 4,000 inhabitants, which is boosted during the summer months with an influx of tourists.The Fish Bar is opposite The Bell Inn and the entrance to the long stay car park.Nearby towns include Minehead (9 miles), Bridgwater (15 miles) and Taunton (15 miles).This is a pretty town with a variety of independent shops selling vintage crafts and gifts.
THE PREMISES The premises comprise of a ground floor leasehold lock up Fish & Chip Shop Takeaway of approximately 270 sq ft of space with an additional former café area to the rear, which is now used as a freezer room/store. Beyond this is the preparation room, a rear hallway leads to an inner communal hallway with access to two cloakrooms and a door leading to the rear yard where there is a garden shed (used for potato storage) and a potato machine.The yard overlooks the main breakwater with the sea and harbour beyond.
TENURE The premises are offered on the basis of a 10 year lease from the 31st of August 2014 at a current rental of £1500 per quarter + an ingoing premium of: £95,000.The Landlord will need the usual bank and trade references for approval for the assignment of the lease. There is also the option of renewing for up to 20 years only paying for a new lease, subject to Landlords approval.
THE BUSINESS Operated by our client for the past 29 years, the business is now available due to genuine retirement reasons.This is a busy and profitable lock up Fish & Chip Shop/Takeaway, opening 6 days a week.Winter opening: Monday Saturday 12pm 2pm & 5pm 7pm.And Summer opening: 12pm 3pm & 5pm onwards.There is scope to extend opening times by opening on a Sunday. The business is operated by our clients who oversee the general operation and employ one full time member of staff and 3 part-time members of staff.The turnover for the year ending May 2016 was approximately £109,809 with a gross profit of £72,886 and an adjusted net profit of £56,000 (excluding wages and owners drawings).The business is well worth your early consideration.
The accommodation briefly comprises:
SHOP29'5" x 9'2" (8.97m x 2.8m).With L-shaped counter servery with Preston & Thomas gas fired two range fryer, main counter with glass fronted refrigerator, soft drink cabinet, numerous microwaves, wash hand basin and upright freezer. With access to
FORMER CAFE AREA13'4" x 14'7" (4.06m x 4.45m).(Now utilised as a store). With three chest freezers and upright fridge.Step down and inner door to
REAR HALLWAY With door to
PREPARATION ROOM29'5" x 9'2" (8.97m x 2.8m).With chipping machine and wash hand basin.
COMMUNAL HALLWAY (Accessed from Rear Hallway). With access to
TWO SEPARATE CLOAKROOMS
REAR YARD Overlooking the breakwater, harbour and sea beyond. With potato peeler and shed for storing potatoes.
SERVICES Mains electricity, water and drainage.
VAT We understand that our client has not opted to charge VAT.All interested parties should make their own enquiries of HMRC
VIEWING Strictly by appointment through the selling agents.
RATEABLE VALUE £3,100 UBR, as of April 2018, 49.3p in the £ Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
COUNCIL TAX BAND To be advised.
WEBBERS DO NOT JUST SELL HOUSES Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888. For out of hours call our mobile number 07967 385228.
WANT TO KNOW MORE? We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding. www.environment-agency.gov.uk www.landregistry.gov.uk www.gov.uk/green-deal-energy-saving-measures www.homeoffice.gov.uk www.ukradon.org www.fensa.org.uk www.nesltd.co.ukhttp://list.english-heritage.org.uk