Offers Over

£195,000 (Leasehold)

Reid’s Fish and Chip Shop

Riverside Place, Thurso, KW14 8BZ

Popular and busy Fish and Chip shop in a prime trading location

within ever-popular town of Thurso

Currently trading as a takeaway but with potential for a sit-in

restaurant facility

Well established and profitable business with consistent turnover

in the region of £200K

26 Year lease with a possible extension to 99 years

Excellent situation with ease of access to extensive parking in

the locality

DESCRIPTION Reid’s is a single storey building with a significant footprint, located within the town centre of Thurso in a busy area with business, hospitality and residential units close by. Trading as a fish and chip shop for many years, the business is well established and offers the usual range of hot takeaway products, drinks and confectionary. Trading only as a takeaway there is most certainly scope to introduce a sit in facility. The takeaway is fully fitted out and all fixtures and fittings are included in the price. A full inventory will be provided to seriously interested parties. The business is currently run under management, employing 1 full-time, 1 part-time staff member as well as some seasonal and casual staff as required. There is no doubt that hands on owners would be able to increase profitability by reducing the number of staff required. Opening Hours are Monday to Saturday, 12noon - 2pm and 4pm - 8pm. There are a number of distinct service areas which include male and female changing facilities. The fish and chip shop is contained within a much larger property which may be available by separate negotiation. Please contact the selling agents for further information. It is possible to utilise the premises for a number of differing uses. All development aspects will be subject to renovation and obtaining the necessary consents. Internal layout plans are available upon request to ASG Commercial.

LOCATION This property is located in Thurso town and close to Scrabster Harbour where the fish markets are positioned. This area of Northern Scotland benefits from having some of the best fish, beef and lamb in the world and Reid’s is ideally placed to take advantage of this. The restaurant has a most prominent frontage making it ideal for passing trade with two large picture windows facing on to the street, plus more than ample parking in the surrounding area. The town has a good mix of traditional shops, cafes, bars, guest houses and hotels. The well-known River Thurso flows through the town attracting salmon fishers from all over. The area is also well known for surfing, hosting surfing championships, as well as offering various other outdoor pursuits. There are lots of things to do and see in Thurso, including the five star visitor attraction, Caithness Horizons and many other places of interest, including an attractive sandy beach with spectacular views across to Orkney and Dunnet Head. There are many attractions which bring visitors to Caithness, such as a day trip to Orkney, numerous sites of archaeological interest, the Castle of Mey to the north, Dunrobin Castle to the south or perhaps a day out to John O’Groats.

SERVICES The business benefits from 3-phase mains electricity, gas, water supply and drainage.

LEASE TERMS The current Lease runs to 14th May 2040 but there is scope to extend to 99 years should that be desirable for new tenants. Passing Rent is £1,000 per annum. Full lease terms will be made available post viewing.

RATEABLE VALUE The rateable value of this property is £8,500 (effective from 01 Apr 2017) with a 100% discount under the Small Business Bonus Scheme resulting in an annual payment liability of £zero.

TRADE

Full accounting information of the Fish and Chip Shop will be made available to seriously interested parties subsequent to formal viewing. Turnover is in the region of £200,000 with a net profit in the region of £45,000.

PRICE

Offers Over £195,000 for the leasehold acquisition of the goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

EPC RATING

The property has an Energy Performance Certificate rating of ‘tbc’.

VIEWING All appointments to view must be made through the vendors selling agents: ASG Commercial Ltd 17 Kenneth Street Inverness IV3 5NR

T: 01463 714757 (5 Lines)

E: info@asgcommercial.co.uk

W: www.asgcommercial.co.uk

FINANCE & LEGAL SERVICES ASG Commercial is in touch with several lenders who provide specialist finance to the hospitality trade. Paul Hart (Director Commercial Sales) will be delighted to discuss your financing requirements with you and make an appropriate introduction. We have access to a large team of legal experts who can act in all legal matters arising.

OFFERS All offers should be submitted in writing to ASG Commercial Ltd with whom purchasers should register their interest if they wish to be advised of a closing date if one is set.

HOTELS

GUESTHOUSES

LICENSED

RETAIL

OFFICES

INDUSTRIAL

UNITS

17 Kenneth Street Inverness IV3 5NR

Telephone 01463 714757

www.bedandbreakfastsales.co.uk