Business for Sale Minehead, Brook St

Go To Established Fish & Chip Shop Business, 2 Bed Flat Attached, Alcombe, Minehead Having reached retirement age and enjoyed the trappings of this fantastic business and the lifestyle it has provided, our client is looking for new owners to enjoy this 100 year old Fish & Chip shop business that is situated in the popular and desirable village of Alcombe on the outskirts of Minehead, a busy resort town in West Somerset. 999 Year Lease (Virtual Freehold) (peppercorn annual charges) EPC Rated - D Ground Floor Building Only - Character property briefly comprising traditional chip shop (circa 700 sqft) with main reception, ancillary areas, prep, storage rooms, and outbuildings, fully fitted and equipped including a pristine commercial range burner. Attached 2 bedroom flat (No.1 Alcombe Hall, circa 600 sqft) with lounge-dining room, kitchen, bathroom, 2 bedrooms. (currently let on assured short-hold tenancy at £700 pcm. vacant possession if required) Easy accessible trading location in a densely populated residential area, Free parking bays to the front, with further on road parking to the surrounds. Offered as a going concern with excellent historic financials and accounts, the business benefits a consistent annual turnover of £150,000 pa. with a gross profit circa £80,000. Headline numbers for the most recent financial year ended 2023 show: Operating Profit £28,000 - Adjusted Net Profit £37,500 pa. (currently trading 5 days per week, on a 21:00 close, 11 months per annum, with a seasonal boost) (1 month annual leave taken by proprietors every January) Operated by a husband wife team with 2 part time staff, the business is acknowledged as being the go-to fish and chip shop in the local area. Huge scope and growth remains, and or potential to create an investment income. Accounting information will be made available to seriously interested parties, further to a formal viewing.