Freehold Fish & Chip Takeaway & Restaurant located in Newquay. Prominent location with stunning views of The Atlantic Ocean. Profitable business. 999 year lease will be granted with a peppercorn rent.
Veritas Business Sales are delighted to offer for sale this outstanding Virtual Freehold Fish & Chip Takeaway & Restaurant which is located in Newquay town centre. The business was established back in 1980 and has been in the careful ownership of our clients since September 2018. The business is reluctantly being offered for sale due to an unforeseen change in circumstances.
Since ownership they have completely refurbished, redecorated and invested in all brand new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Both businesses are owner operated and employ the help of 1 full time and 7 part time members of staff and for year ending 31st May 2021 posted a turnover of £438,913 net of vat with a GP of £286,146 (65%) producing a net profit of £166,898. The Cod End is renowned in Cornwall for serving high quality fish & chips where they only use the finest produce and can be enjoyed in the recently renovated 72 seater restaurant with stunning Atlantic ocean views or simply taken away. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade local trade along with high levels of visiting tourists during summer months. This is a rare opportunity to purchase very well established business with an impeccable reputation and all the hard work has been done which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.