Exmouth fish and chip shop up for sale

PUBLISHED: 16:11 04 October 2018

Frydays fish and chip shop, Exmouth, is on the market

Frydays fish and chip shop, Exmouth, is on the market

Archant

A Brixington fish and chip shop business is for sale with an asking price of £39,950 for the leasehold.

Frydays, in Pines Road, Exmouth, is on the market with estate agents Bettesworths, who expects ‘a high level of interest’ in the business.

Genevieve Stringer, Bettesworths spokeswoman, said: “Frydays has been trading quietly and now offers the next owner or operator an

opportunity to get behind an already established business and take it to the next level; I expect a high level of interest due its huge potential.”

Marketing the business, Bettesworths said Frydays benefited from its ‘densely-populated’ location and ‘low running costs’.

The vendor said the fish and chip shop produces a ‘strong’ net profit of turnover, adding there was ‘huge potential’ to further increase the turnover and future profits.

Currently the takeaway operates evenings only from 4.30pm until 8.45pm Monday to Saturday; it closes for approximately four weeks of the year for staff holidays.

A Bettesworths spokesperson said: “The running costs of the business are low allowing the owner to remain extremely competitive on price point.

“Frydays produces a strong net profit off a turnover achieved from reduced

trading hours.

“The business does not operate a delivery service and with the possibility

to extend the opening hours, there is huge potential to increase the turnover of the business and therefore the profits.”

The business operates from a lock up unit situated within a parade of shops; it benefits from free customer parking adjacent with unrestricted parking available for the proprietors.

The estate agent said the premises were currently held on a seven year lease from December 2012.

The rent is £4,500 per annum and the tenant has repairing and insuring obligations.

A Bettesworths spokesperson said: “We have been informed the landlord will either extend the current lease or grant a new lease to the in-going tenant subject to satisfactory references and credit check.”


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