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Recently Reduced Fish & Chip Shop Becomes First and Only in UK to Score 100% in Frymaster Quality Award
Kings Business Transfer prides itself on offering high quality businesses for sale, and so we’re delighted to bring you some fantastic news about Newbridge Fish Bar – and inform you of its recent price reduction in excess of £100k.
The highly profitable fish and chip shop in South Wales is now priced at £395,000 (previously £499,950) for the Freehold interest.
The business has just become the first and only Fish and Chip shop in the UK to win the Frymaster Quality award and receive a 100% perfect score on the audit.
This marks the second time that Newbridge Fish Bar has been in receipt of the Frymaster Quality Award, as it also won the award last year.
“The first time we won the award we received 97.5% in the audit,” explains Mr. Oldman, the vendor. “Of course we were pleased with this at the time, but we asked what we could do to improve so that we got 100% the following year.”
“We were told that nobody ever reaches 100%, so we can’t believe that a year later we have – and that we’re the only Fish & Chip shop in the whole of UK to achieve this.”
Mr. Oldman made the decision to put his business on the market due to personal family reasons, and hopes that the fantastic 100k reduction – along with this latest award – will encourage the quick sale he needs due to his genuine family commitments.
Newbridge Fish Bar is a traditional fish and chip shop situated on the main street of the town of the same name. It current boasts a weekly turnover of circa £4,000, with scope for further growth if desired.
The business offers both take away and delivery services, as well as a modern 20 cover restaurant. The current owner secured many successful years in the business and has made many improvements, investing heavily to ensure the business is completely turnkey and equipped to a very high standard. Some of these improvements include introducing a new Preston and Thomas 3 pan range, as well as a ‘state of the art’ till system, and immaculate and impressive back preparation and store areas. Kings Business Transfer has been advised that owners profits unadjusted are in the region of an impressive £90,000 pa.
The sale also includes a 2 bed flat and a separate 3 bed flat above the business. Both are decorated to a good standard and are currently let out on a short term basis, bringing an additional joint rental income of circa £10,000 pa.
Director of Sales at Kings Business Transfer, Andrew Dodd, commented: “This is a very solid and impressive opportunity, with much further scope for growth. It is certainly capable of delivering a quick return on investment.
“The price reduction presents an unmissable opportunity for a buyer to acquire an award winning fish and chip shop for a fantastic price.”
Those interested in viewing the business are urged to contact Kings Business Transfer with urgency by calling 0844 3877 311, or emailing email@example.com
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