Restaurant/cafe for sale in St Ives, Cambridgeshire PE27

This busy and popular fish and chip shop is ideally situated in a bustling parade of shops and surrounded by residential properties. Presented in excellent condition, it features new equipment installed in 2022, including a high-spec 4-pan digital range, ensuring minimal capital outlay for the buyer in the short term.

The property also includes a spacious 2-bedroom duplex apartment above and private parking with two garages to the rear. This thriving business truly ticks all the boxes for anyone looking to take on a fish and chip shop.

Given the comprehensive offering, we anticipate strong interest in this opportunity and recommend booking a viewing at your earliest convenience.

The business

Acquired by the current owner approximately three years ago, this fish and chip shop has undergone significant investment and improvements. It is now only available due to a change in family circumstances requiring the owners to relocate.

Situated in a residential area within a bustling parade of shops, the location benefits from a diverse mix of businesses, including Spar and the Post Office. This prime position ensures a steady flow of potential customers, further supported by free public parking at the front.

For the nine months leading up to the end of December, the business reported an average weekly turnover exceeding £6,500 net. This includes sales from in-store customers as well as online orders through Just Eat, Deliveroo, Food Hub, and Uber Eats.

Premises

The premises have been recently fitted out to an exceptionally high standard, with all new equipment installed just last year. The well-designed layout and spacious areas for service and preparation create a pleasant work environment that is both easy and cost-effective to maintain.

The shop features a stylish glazed frontage with modern signage and a digital menu screen, contributing to its upmarket and clean aesthetic. Inside, the quality floor tiling, clean walls, and feature lighting enhance the shop’s inviting atmosphere.

A new 4-pan digital range separates the customer area from the staff area, complemented by a service counter and an epos till. At the rear of the main room, there is a stainless-steel fitted cooking area with an extraction system, including a chicken rotisserie, kebab spit, griddle plate, and bain-marie, along with under-counter fridges and a drinks display fridge, all topped with additional digital menu screens.

An open doorway leads to the prep rooms. The front part of this area is equipped with a 6-ring hob with extraction, microwaves, stainless-steel work surfaces, and tall stainless-steel fridge and freezer. Built-in storage cupboards, an office, and staff toilets are conveniently located to the side. At the rear, there is a wet room for chip preparation, complete with a peeler, chipper, double sink, and a door leading to the rear parking area.

Accommodation

Via a separate external staircase to the side, you will find the residential accommodation located above the shop, situated at the end of the terrace. At the entrance level, there is a fitted kitchen/breakfast room with space for a washing machine, fridge freezer, and dishwasher. The good-sized lounge overlooks the front and provides ample space for a dining table. This level also includes a useful under-stairs cupboard and a cloakroom.

Upstairs, there are two double bedrooms and a bathroom. Additionally, there is access to a large loft. The property benefits from double glazing and gas central heating. Parking is available at the rear, along with two garages.



additional information

agents note: This is a business for sale as a going concern, not an empty premises for sale or let.

Confidential information: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

Reference number: CF35730E

opening hours: 11:30am to 2:00pm, Monday to Saturday. 4:30pm to 9:00pm, Monday to Sunday.

Tenure: Leasehold - 10 year lease from 17/03/2019.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the lease.

Rent payable: £17,500 per annum, plus a service charge of £235.

Rates payable: Nil. We are advised that the business benefits from Small Business Rate Relief.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

Staff: 4 part-time staff, plus 2 delivery drivers - correct at the time of instruction.

EPC: The Energy Performance Certificate shows a rating of ‘63/C’ - full document available on request.

Price: £245,000 + stock at valuation.

For the benefit of the leasehold, goodwill of the business, fixtures, fittings and equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

Viewing: Strictly by appointment only, please get in touch to make an appointment.

Finance: We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

Business to sell: Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

Premier marketing: We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.



disclaimer

1. Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets, flooring or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.