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Scott Street Fisheries Scott St

600 SF Retail Building Redcar TS10 2AN $107,298 ($179/SF)

Investment Highlights

  • Well Linked Area Perfect For Deliveries
  • Prominent Trading Position
  • Fully Equipped

Executive Summary

Established Fish & Chip Shop - Redcar
• Prominent Trading Position
• Accounts Available 31 March 2022
• Annual Turnover 31/03/2022 £82,047, Gross Profit 31/03/2022 £45,103
• Projected figure for Year Ending 31st of march 2023 £70,000
• Run Under Management
• Further Financial Info Available After Viewing
• Fully Equipped
• Comprehensive Website In Place
• Strong Social Media Following
• Fantastic Online Reviews
• Five Star Food Hygiene Rating
• Reliable Staff & Management
• Just Eat & Food Hub Delivery Service In Place
• Well Linked Area Perfect For Deliveries
• Scope to Develop Delivery Service Further
• Potential To Expand Menu
• Potential For Lunchtime Opening
REF 7645 – Freehold Fish & Chip Shop
Blacks Business Brokers are pleased to bring to the market this freehold fish and chip shop located in Redcar, North Yorkshire.
INTRODUCTION
Scott Street Fisheries was originally established in this densely populated area of Redcar in 2001 with our client taking ownership in 2019. The business offers a freshly prepared, traditional fish and chip shop menu including sausages, pies and so on. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position close to the centre of Redcar and the sea front. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Trip Advisor, Food Hub and Facebook. Scott Street Fisheries has a strong social media following.
LOCATION
Scott Street Fisheries occupies a prominent trading position in a residential area. The area is densely populated and is a short distance from independent neighbouring businesses as well as large multiples such as Morrisons and Tesco. There are also a number of local amenities nearby including schools, petrol stations and Redcar Central Train Station. The area is well linked by the A174 with very strong public transport links and parking is available immediately outside the property.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, it is mainly managed by staff and therefore, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
BUILDING LAYOUT AND DESIGN
Scott Street Fisheries operates from a single storey property in a prominent corner position. The business has branding and signage on display above the main entrance. Inside, the servery/counter is positioned to the front of the shop with kitchen and preparation area to the rear of this. The kitchen is fitted with good quality equipment including a hot counter with two fryer range. There is also a dry store, rumbler/chipper room and storage area. To the rear of the property is an enclosed refuge area and toilet facilities. All areas are well equipped and presented nicely.
STAFF
The business operates with four members of staff in employment, our client is not involved in the day to day management of the shop.
FINANCIAL DETAILS
Scott Street Fisheries has traded well since opening and our client has established a strong repeat customer base. We are advised that the business has an annual turnover of £82,047 and a Gross Profit £45,103. Full financial information is available upon request.
BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
SUMMARY
This well known business occupies an enviable trading position in a popular and busy area of Redcar. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu options and longer opening hours. There is also scope to expand the current delivery services, create a website with ordering system and begin a strong online marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. It could also be of great interest to an investor looking for a business with management and staff already in place. Early viewings are strongly advised.
Fixtures & Fittings
2 Fryer Range
4 Pot Bain Marie
Extraction System
Gas Hob
Drinks Fridge
Griddle
CCTV System
Microwave x 2
Upright Fridge Freezer x 2
Potato Rumbler
Chipper
Chest Freezer
Various Counters & Shelving
Till
Financial Information
Annual Turnover: £82,047
Gross Profit: £45,103
Opening Times
MON & TUE: 16:30 - 19:30
WED - SAT: 11:30 - 13:30 / 16:30 - 19:30

Attachments

scott street

Property Facts

Sale Type
Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Fast Food
Building Size
600 SF
Building Class
C
Year Built
1932
Price
$107,298
Price Per SF
$179
Building Height
1 Story
Building FAR
0.42
Lot Size
0.03 AC
Frontage
37 FT on Scott St

Amenities

  • 24 Hour Access
  • Security System
  • Signage

Nearby Major Retailers

Tesco Superstore
Morrisons
Barclays
Costa Coffee
Santander
Iceland
National Westminster Bank Plc
Sainsbury's
Heron Foods
ASDA
  • Listing ID: 24586450

  • Date on Market: 12/2/2021

  • Last Updated:

  • Address: Scott St, Redcar TS10 2AN

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