Freehold Waterfront Fish & Chips Takeaway Seafood

• ID2212
• Revenue$3,546,023
• Net ProfitSignificant returns as you would expect from a quality business
• IndustryFreehold, Restaurant

Summary:

Situated in a much sort after area, this business has been showing consistent growth for many years. It prides itself on its freshness, quality, and service which, with little or no advertising has enabled it to establish a loyal client base. This presents itself as a unique opportunity, as rarely do you get to own a well-established business that also includes a freehold premises.

Potential:

The business concentrates primarily on retail with very little wholesale and the potential to increase sales further is substantial. You could add to this already unique business to create something special.

The region has many great food experiences with some well-known eateries nearby. This attracts a great deal more people to the area and is complimentary to the business and its customer base.

Skills:

Experience in seafood is not necessary but it would give you an opportunity to show off your skills. There are systems and staff are in place if you have a different skill set and are just looking for a great business.

Hours:

Monday to Sunday 9.00 am to 7.00 pm.

There are several shift supervisors to allow you the freedom you require.

Lease:

Freehold opportunity. Owners want the business and freehold sold together.

Employees:

16 in total

Reason For Sale:

The business has been extremely good to the owners and it has served its purpose.

More About The Business:

Highlights of the business include the following:

• Limited competition
• Combined commercial and residential premises
• Great location with growth potential
• Access to local residents and tourists
• Experienced long-term staff in place including shift supervisors who are capable of managing the business
• Excellent reputation in the area with little or no advertising required
• Good returns with strong cashflow

History:

The business has been in the current ownership since the late 90’s and has been established as a retail seafood outlet for approximately 30 years.

Centrally located in picturesque surroundings, with the freshest of seafood that the local area has to offer. A loyal client base that covers a large area as customers are prepared to travel to get the freshest seafood available.

The business specialises in fresh and cooked seafood, which is sourced from local fishermen, trawlers, and selected wholesalers. All seafood products are delivered to the business premises.

They stock a large variety of fresh seafood including local estuary and reef fish, local prawns, bugs and crabs, oysters, and a variety of frozen products. Fish is processed on the premises by its own filleters.

The takeaway menu is extensive and customers can choose from the menu board or choose their own fish from the fresh display.

The business operates from the freehold which is owned in the same interests and is located in a prime waterfront position. There are multiple aspects to the freehold.

Rental appraisals of the freehold estimate that the commercial retail premises would let for $3000 per week with all outgoings paid by the occupier and the residence attached would let for $500 per week. That is a total net rent, after all, costs paid by the tenant of $182000 per annum.

The business and freehold are to be sold together and will not be separated.

Revenue for the Seafood Retailing industry is projected to grow over the next five years, following the anticipated recovery from the COVID-19 crisis. Health consciousness is anticipated to rise over the period, encouraging more consumers to eat leaner sources of protein, such as fish and other seafood.