ESTABLISHED FISH AND CHIP SHOP FOR SALE

Business For Sale

 

  • HIGHLY PROFITABLE BUSINESS IN PROMINENT LOCATION
  • SAME FAMILY OWNER FOR OVER 30 YEARS
  • RETIREMENT SALE
  • RECENTLY REFITTED TO INCLUDE NEW RANGE/EXTRACTION
  • SCOPE FOR IMPROVING PROFIT AND TURNOVER
  • LARGE GARAGE AND ADDITIONAL STORAGE AREA
  • HERITABLE (FREEHOLD) SALE
  • QUALIFIES FOR 100% RATES RELIEF
  • 2,484 SQ FT OF ACCOMMODATION
  • OFFERS OVER £299,500

LOCATION

Larbert forms a settlement 2.5 miles to the north west of Falkirk Town Centre. Falkirk is a large town in the Central Lowlands of Scotland, historically within the county of Stirlingshire. It lies in the Forth Valley, 23 miles north-west of Edinburgh and 20 miles north-east of Glasgow.

Falkirk has a resident population of 34,570 according to the 2008 census. The population of the town had risen over the past decade, making it the 20th most populous settlement in Scotland. Falkirk is the main town and administrative centre of the Falkirk council area, which has an overall population of 156,800 and inholds the nearby towns of Grangemouth, Bo’ness, Denny, Larbert and Stenhousemuir.

The subjects are located on the northern side of Main Street at its junction with Foundry Loan. Main Street forms a busy arterial road through Larbert. The railway station is a short distance from the subjects. Overall, the subjects benefit from high levels of footfall and passing trade.

DESCRIPTION

The subjects comprise an end terraced retail unit formed on the ground and basement of a 3 storey building of traditional stone construction with a roughcast finish whilst being surmounted with a mansard slate roof.

Internally the property provides front shop, kitchen area, potato room, bin store, store and w.c. There is further storage space in the basement together with a good sized garage with vehicle access.

Front Shop: The floor is overlaid in a tiled covering whilst the walls are overlaid in wetwall and the ceiling is of suspended tiles. A stainless steel range with underground extraction was installed approximately 7-8 years ago. Further appliances include stainless steel basins, worktops, extraction hood and walk in chill.

Food preparation areas: There are two stores and a potato preparation room. The floor is overlaid in a tile covering with central drain whilst the walls are overlaid in wetwall and the ceiling is of pvc cladding. A gas combi boiler has been installed.

The basement area is currently utilised as storage space but does have separate access and good ceiling height. There is scope to re-develop the basement to provide additional accommodation. There is also a large garage.

THE BUSINESS

The business has been run by the same family for approximately 30 years and trades as “Enrico’s.” The establishment is highly regarded by local residents and as such has shown good turnover and profit margins over the past decades.

The business is for sale due to the current owners wish to retire from the industry. We believe that there is good scope to increase turnover and profit margins with longer opening hours and more online advertising/promotions.

The fit out is to a high and modern standard and is ready for immediate occupation.

We are happy to discuss the accounting information with seriously interested parties.

FLOOR AREAS

From sizes provided taken during our inspection, we understand that the subject property, measured in accordance with the RICS Property Measurement Professional Statement (First Edition, May 2015) incorporating the International Property Measurement Standards and the RICS Code of Measuring Practice to extend to the following approximate net internal area (NIA):

Ground:            110.6m2/1,190 sq ft

Basement:        75.4m2/812 sq ft

Garage:            44.8m2/482sq ft

Total                230.8m2/2,484 sq ft

 

PROPOSAL

Offers over £299,500 are sought for the Heritable (freehold) interest and will include all inventory, trade fixtures and fittings and goodwill.

RATING

The subjects can qualify for 100% rates relief for 2017/2018 (subject to application).

The Rateable Value of the property is £10,400

Please contact the local rating office for further information

PLANNING

The subjects benefit from appropriate planning permission for their existing use as a hot food takeaway. All queries in relation to planning permission and use class of the subjects should be addressed to Falkirk Council Planning Department.

 

CLOSING DATE

A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale of the property.

VAT

N/a

EPC

G

 

PUBLICATION DATE 06/07/2018

Price:Offers over £299,500
Address:Enrico's
City:185 Main Street
County:Larbert
Postcode:FK5 4AL
Square Feet:2,484
Property Type:Established Fish and Chip Shop
Tagged Features:

Location Map