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Fish & Chip Shop, Retail Investments & Flat For Sale

Airdrie, North Lanarkshire, UK
Asking Price:
£420,000
Sales Revenue:
£200,000
Cash Flow:
£70,000

Ferri fish & chip shop plus Retail Investments & Owners Accommodation
63-69 Lauchope Street, Chapelhall, Airdrie, ML6 8SW

• Long established fish & chip shop. Same family since 1971
• 2 adjoining retail investments. Current rental income £13,560 p.a.
• Large, well appointed, 3-bedroom flat above
• Total plot size approx. 7,775 SqFt
• Busy trading position in heart of village
• Turnover approx. £200,000 net. Adjusted net profit c.£70,000
• Huge potential to increase sales. Short hours/No deliveries etc


The business

Ferri fish & chip shop has been in our client’s family since 1971, with our client taking over the business from their father in 1992. The business is therefore extremely well established, and something of an institution in the area.

The business benefits from being the only fish & chip shop in the village and enjoys a loyal and regular clientele from Chapelhall as well as drawing custom from the surrounding towns and villages.
The business has a strong reputation, serving traditional fish & chip shop products as well as oven baked pizzas and a good selection of soft drinks and some confectionary products.

The current owners are selling due to retirement and over the last few years have been running the business very much to suit themselves, only trading 5 evenings per week (4:30pm-11pm) and closing each year for a 2-week summer holiday. The business also doesn’t operate any sort of delivery service, so it is felt there is huge potential for a new owner operator to increase sales substantially.

Property Information

Property:

Freehold

Living Accommodation:

The subjects benefit from substantial owners’ accommodation at first floor level which can be accessed from the fish & chip shop, or via a separate entrance at the rear of the property.

The accommodation comprises entrance porch and hallway, leading to 3 large double bedrooms, modern bathroom, modern & stylish kitchen with breakfast bar, large lounge with feature gas fireplace as well as an additional living/dining room.

Location:

The subjects benefit from a prominent trading position on Lauchope Street, which forms part of the B799, and is the main thoroughfare in the village of Chapelhall, which lies just outside Airdrie in North Lanarkshire, Scotland.

The subjects are positioned within a busy commercial area with a good surrounding mix of retail operators as well as a public house, ensuring good levels of footfall and passing traffic throughout the day and evening.

Chapelhall is a popular residential area with a population of around 6500 however the business benefits from the surrounding villages & towns including Airdrie, Holytown, Bellshill and Coatbridge, and there are good transport links, being close to the M8 motorway, giving easy access to Glasgow and Edinburgh.

Premises Details:

Ferri fish & chip shop
The subjects are accessed via a door to the left-hand side of the large display frontage with prominent signage above. The property benefits from steel roller shutters, alarm and cctv system.

Internally the subjects have been designed and fitted to a high standard, in a modern style, and the shop has just benefitted from a new suspended ceiling throughout.

There is a large customer waiting area in front of an L-shaped counter servery which incorporates a 3-pan frying range as well as a chilled pizza prep counter.

To the rear of the counter there is a range of equipment including a twin deck pizza oven, double and single display drinks fridges and till system.


Ancillary areas
A substantial back shop area provides ample storage areas with a number of fridges and freezers, a separate potato store and prep area, staff area, staff WC and ancillary kitchen.

Retail investments
The subjects benefit from 2 adjoining retail units at 65 & 67 Lauchope Street, which are leased out to a florist/gift shop and a barber respectively and provide a combined rental income of £13,560 per annum. Further details can be provided to interested parties.

Business Operation

Reasons for selling:

Retirement

Contact Smith & Clough Business Associates

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