Stoke veggie ‘fish & chip’ shop on the market

[dutchman]

Fish & Chips and is located in Clay Lane in Ball Hill



A veggie Coventry ‘fish & chip’ shop is on the market for anyone wishing to get into the catering business and perhaps even follow in the footsteps of the iconic Binley Mega Chippy. The business that’s up for sale is simply called Fish & Chips and is located in Clay Lane in Ball Hill, just off Walsgrave Road.

It was formerly known as Five Ways Fish Bar and is on the market for £180,000. It is being advertised for sale with Rosens, who specialise in fish and chip shops, cafes and restaurants.

The sales listing states: “A unique fully modernised spacious veggie fish and chip takeaway with deliveries, mostly staff operated, established in busy and densely populated city centre area having local and good passing trade, low overheads, genuine retirement sale after 22 years of ownership, potential to increase sales as popularity grows in this market.

“We understand that nine years remain on the current lease at a low rent of just £200 per week. We have been informed that the turnover is £6,000/7,000 per week, comprising 60 per cent deliveries and balance counter sale. A unique veggie fish and chip shop which is fast growing as this popular vegetarian market expands.”

The premises includes trade equipment which is described as “relatively new and very well-maintained”. Included is a Preston & Thomas range oven, a Lincat fryer and a Zanolli conveyor pizza. On the pizza theme there’s also a pizza rolling machine and a dough mixer.

The listing adds: “The vendor has personally nurtured and grown this business over the last 22 years and is now looking reluctantly to retire in the near future. What is unique is that it is a veggie fish and chip shop which attracts a whole new range of customers from far and wide, including bulk orders from local temples, from schools and the local community centres. A most interesting proposition in a growing vegetarian market.”

The property is leasehold and does not come with any living accommodation with the business, however there is a staff washroom. The listing concludes: “Located within minutes from Coventry city centre and at an particularly busy junction on an extremely active road with plenty of passing trade and car parking facilities, as well as regular trade from the well populated surrounding community. It is also close to schools, community centres, busy bus routes, local amenities and a whole range of popular shops.”

[dutchman]

We have been informed that the turnover is £6,000/7,000 per week, comprising 60 per cent deliveries and balance counter sale.

All of which is absolutely meaningless with the current financial situation.

[rebbonk]

Agreed, Dutchman, and no mention of gross profit either.

A phrase I learned more years ago than I care to remember, but very true... Turnover is vanity, profit is sanity. I am well aware of many companies with astronomical turnovers that aren't making a penny-piece in profit.

I think the expression caveat emptor needs to be applied here!

[dutchman]

That there are so many for sale right now says something about their financial viability:

Takeaways and chippies for sale in Coventry and Warwickshire

[dutchman]

Coventry fish and chip shop owners hit by 'ridiculous' energy hikes with bills soaring from £600 to £2,500



Skyrocketing energy bills and food prices are at an all-time high, and local fish and chip shops are struggling to stay afloat. A harsh reality faces our historic high street classic as costs soar each week.

A chip shop supper was for a long time regarded as a cheap fancy-free meal, but in the current climate, these much-loved local businesses have been forced to up prices to survive.

Locals have also been feeling the pinch, which means some will not be able to eat out as much as before. With this in mind, fish and chip shops across the city are dreading the next few months.

Charles Economou, 50, has been at the helm of one of the most popular fish and chip shops in Coventry for almost three decades. Charlies Plaice, on Sewall Highway, attracts customers from all over the city and was recently voted the best city chip shop by CoventryLive readers.

However, the popular chip shop has faced significant challenges due to rises in energy costs and food price inflation. Charles, 50, said in all his time running the local business, he has never seen such severe price hikes with costs doubling in recent months.

“It is affecting everybody. It is gas and electricity, it has gone mad and everything has gone up. We only sell fresh fish in the shop so our fish is an extortionate price, but we have to try and survive, try and hold tight for the next year or so and see how we go from there” said Charles.

Charles has also seen his energy bills 'double' over the past six months. He said the supply cost of fish, potatoes and other chip shop staples has also risen significantly.

He said: “A box of oil we used to buy for £13 or £14 is now £29.50. It is more than double, what do you do? We cannot buy cheaper oil because it is not as good so we have to try, we are lucky because we have been here a while and got customers behind us.”

A change in customers' purchasing habits has also led to a steady decline in profit with people buying 'smaller portions' or alternatives to expensive chip shop staples. “Customers are buying a lot of smaller things, like sausages instead of fish, they are not buying pies as much now,” said Charles.

Charles has been forced to hike prices but found this 'difficult' as he did not want to pass the extra costs onto customers. He said: “It is difficult because I have been here over 25 years and the customers, you do not want to pass everything on to them because we know they have got electricity and gas bills to pay at home as well.”

He added: “I think everybody is in the same boat. It is more or less about survival and seeing what happens in the next six months.”

With oil, fish and other staples skyrocketing, Charles is now having to reconsider the future of his fish and chip shop. He said: “We are going to have to see how trade is, we have seen a little bit of a downturn. It is dead after 8.30pm, so there is no point in staying open with all of the lights and the gas cookers burning away. It is a no-brainer really if we have got no customers.”

[dutchman]

And now another one up for sale...

A popular fish & chip shop in Coventry is now up for grabs



A popular fish & chip shop in Coventry is now on the market for anyone wishing to get into the food and beverage industry. Coundon Fish Bar, located along Holyhead Road, has been an established fish bar for over sixty years.

And now is a chance for a new owner to take the shop on board. The takeaway is on the market for £145,000.

The premises includes equipment along with fixtures and fittings that comes with the fish bar, including a Preston & Thomas pan range, a Lincat fryer, Buffalo fryer, Archway kebab racks, toasters, a four ring gas oven, freezers, fridges and stainless steal utensils.

The sales listing states: "Veritas Business Sales are delighted to offer for sale this respected Fish & Chip Takeaway which is located in Coventry. The business has been established for over 60 years and has been in the careful hands of our client for the past 3 years and is now being offered for sale so that they can enjoy a well deserved retirement.

"Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time.

"The business is owner operated and employs the help of 3 part time members of staff and has a weekly turnover of £5,000 plus. They serve a fine selection of traditional fish & chips along with burgers, pies, sausages, saveloy’s, kebabs, condiments and hot & cold drinks.

"We believe that there is further potential to increase trade should you wish by extending the current opening times and by joining the online delivery portals such as Just Eat and Deliveroo.

"The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along.

"This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended."

The property is a leasehold and does not come with any living accommodation however there is a wash room with a basin. The listing concludes: “This established Fish & Chip Takeaway is located in Coventry, West Midlands. Situated within a prominent and highly visible trading position on the Holyhead Road. Its part of a very busy parade of shops which includes independent retailers along with large blue chip retailers with Tesco Express being just 2 doors away.

"The area is densely populated with residential properties, has good parking and easy access to Coventry City centre which is (2 miles)."

[rebbonk]

£145k? Someone's having a laugh.

[dutchman]

They couldn't have picked a worse time to try and unload it. Everyone is trying to sell at the same time and there are only ever so many buyers.

A note to customers, if you cut back on fish & chips right now there's a good chance your local chippy will no longer be there when you decide to return in the future. Use it or lose it.

[dutchman]

Yet another one...

Coventry fish and chip shop could be yours after going on sale



A fish and chip shop in Coventry is now on the market for anyone who wants to try their hands in running their own chippy. Glentworth Fish Bar & Kebab House, located along Glentworth Avenue, Whitmore Park, has been an established chippy for 65 years.

And now there's a chance for someone to take the shop on board. The takeaway is now up for sale at £129,950.

The premises includes equipment with fixtures and fittings that comes with the business within the sale price. The fish bar is run by four part-time staff members and sells a selection of fish and chips along with chicken, burgers, pies, sausages, saveloys, kebabs, vegetarian options, condiments and cold drinks.

The sales listing on Zoopla states: "Veritas Business Sales are delighted to offer for sale this respected fish and chip takeaway which is located in Coventry. The business has been established for 65 years and has been in the careful hands of our clients since 2007.

"The takeaway is now being offered for sale so that they can concentrate on other business interests. Since ownership they have continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time.

"Glentworth Fish Bar is owner operated with the help of four part-time members of staff and has an average weekly turnover of £7,400. They serve a fine selection of fish and chips along with chicken, burgers, pies, sausages, saveloys, kebabs, vegetarian options, condiments and cold drinks.

"We believe that there is further potential to increase trade should you wish, by expanding upon the current menu by introducing pizzas, Chinese or Indian foods, extending the current opening times and opening on Sundays and by taking card payments which they currently do not do.

"The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passers by. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended."

For more information on this listing click here.

[dutchman]

Another Nuneaton chippy put up for sale



Another Nuneaton chippy has been put on the market for sale. Just weeks after it was revealed that Toppers in the town centre was up for grabs, another is now available for sale.

Chaplins Fish and Chips on Midland Road is listed on On the Market online, as a 'restaurant for sale' for £150,000. It explains that it is an established chippy, having served the Abbey Green area for decades.

In the description, it states that on the ground floor there is a retail area, preparation area, lounge area and a kitchen. On the first floor there are three bedrooms and a shower room with toilet.

It adds that viewing is strictly only by prior arrangement through the sole agents Bansal Estates Ltd in Coventry. More details can be found online here