Business for Sale in Lowestoft, Suffolk - PERRY’S FISH & CHIP RESTAURANT (FREEHOLD/LEASEHOLD) – LOWESTOFT - Freehold: £329,500 Leasehold: £79,950

Key Information

Ref
CF33729E
Type
Food Service Businesses: Fish & Chip Shops
Location
England: Suffolk
Tenure
Freehold, Leasehold
Status
For Sale
Accomodation
2 Bedrooms
Download Particulars Add to my favourites

Request Particulars

Please fill the form in below to request particualrs via e-mail for Business Ref : CF33729E

Please let us know whether you are happy for us to contact you from time to time with information about our products or services by selecting one of the following options:

Call us on 01603 280873

This is a successful traditional sit in “plated” fish and chip restaurant, also offering takeaway.

Food is fried by Perry, the owner, supported by 3 part time waitress staff.

The restaurant is located just off the vibrant end of Lowestoft High Street, within walking distance of the railway station, seafront and fish docks. It is located in an area of fully occupied independent shops, but also including McDonalds, Weatherspoon’s and HSBC Bank in close proximity.

Parking is available in the immediate area, although the property has resident private parking space at the rear.

Fish is cooked to order and it enjoys a reputation for quality meals, as indicated via Trip Advisor ranking/Certificate of Excellence. Also has 5 star hygiene rating from Waveney District Council

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

Apart from the 43 cover ground floor restaurant, the business offers superb family living accommodation above via independent rear access. First floor comprising large kitchen/dining area, double bedroom & lounge, linked to second floor containing master bedroom the full width of the building and very spacious bathroom containing roll-top bath, independent large shower cubicle.

THE BUSINESS ITSELF

Perry has owned the business for the last 10 years, although had a break for 4 years when it was let out.

Perry has been back running since May 2016 & has quickly restored it’s former reputation, as evidenced by an increasing trade. Turnover is currently controlled within VAT threshold, by restricting operating hours to a 3 hour lunch time slot 5 days a week.

Current turnover is approx. £1,400 per week, although it’s clear from “out of hours” visits there’s tremendous potential to increase via longer opening hours, hence a visit to the restaurant and surrounding area would be recommended so interested parties can appreciate the opportunity.

(Trading Accounts are available to verified interested parties).


ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.
3 storey freehold terraced property, with a frontage of c5.4m

Ground floor restaurant area measures approx. 17m deep x 5.4m wide/frontage in total.

Split into, frying area/takeaway at the front measuring approx. 6m x 5.4m wide, linking to

Seating area for tables and the 43 covers measuring approx. 11m deep x 5.4m wide

There’s also a potato preparation room c3m/3.5m & Unisex customer washroom/toilet c2m/2.5m at the rear

Upstairs residential accommodation on first and second floor via independent rear access (particulars above refer).

Copyright © EM & F Group Limited 2018 - Company No: 03035561 - VAT: 631 4000 02