Leisure/hospitality for sale

Fish & Chips CA11, Cumbria

Freehold fish and chip shop with accommodation in Penrith for Sale.

Located in the very heart of Penrith, on Corn Market, the towns busiest through road and directly opposite the ancient market square, The Little Chippy has been in the same family ownership for over 43 years and is the most highly prominent and patronised fish and chip shop in the town. Loved by local resident regulars and benefitting from the colossal number of tourists and day visitors that come into this attractive Cumbrian market town all year around. Highly successful and proudly serving a traditional chip shop menu and famous for its foot long Cumberland sausage and still retaining old favourites like fishcakes and even pineapple fritters. The business still has plenty of potential as it only operates 25.5 frying hours on nine openings and just five days a week. The shop is predominantly family run and currently takes an average of £7,000 in gross sales per week on such short openings and yet boasts adjusted net profits of almost £133,000. The business does nothing by way of self-promotion, does not offer delivery and does not use online ordering portals or social media. The potential to raise the turnover to a whole new level is very evident here.

An excellent freehold investment property on a large plot of land extending to the rear. The front, mid-parade, market square facing elevation is over two floors. The rear of the building has a long, single storey extension to provide the wet prep room, potato storage, pot-wash and laundry / utility areas. The shop is fronted by an Ellidge and Fairley 3-pan fry range. Rear food prep area with stainless steel countertops, a 6-burner stove with double oven and ample dry storage. Commercial quality catering equipment throughout, including high capacity rumbler, chipper, batter mixer, 6-pan bain-marie and Henry Nuttall Pie Cupboard. Easy clean hygiene floors throughout. All walls fully tanked or tiled. Drop ceilings with energy efficient LED lighting throughout. The shop benefits from 3-phase electric. Staff change / WC. First floor, family sized, three-bedroomed accommodation (one currently being utilised as an office). Large lounge. House bathroom. Kitchen. Other than the office, the accommodation is not occupied other than for storage. The accommodation is accessed from inside the shop via a door and staircase. The addition of an external staircase would allow an option to rent the flat on a shorthold tenancy, or, interestingly, with some renovation, the accommodation would make an outstanding AirBnb guest let, commanding exceptional rates given its views out over the historic market square.