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TRADITIONAL TOWN CENTRE FISHMONGERS FOR SALE

PASSMORES

9 BUTCHERS ROW, BARNSTAPLE, NORTH DEVON EX31 1BW

 

Located in famous Butchers Row

C. 270 sq ft GIA with walk in fridge

Long established business

Fully equipped turnkey operation

Operating only 5 days a week

Ideal Husband & Wife venture

 

PRICE: £37,500 LEASEHOLD

 

LOCATION

Operating from within the famous Grade II listed Butchers Row, an historic landmark thoroughfare in the heart of Barnstaple opposite the Pannier Market just off the main High Street.

THE PREMISES The premises comprises two interlinked retail units. The main trading area approximately 206 sq ft with an additional walk in fridge and preparation area to the rear. The business is that of a traditional fish mongers and all fresh fish are displayed on the main iced slab in the open window area for ease of serving and display. The premises also benefit from a roof space for further storage if required.

THE BUSINESS

The only independent all year round fishmongers in North Devon, Passmores is operated by a husband and wife team and 2 part time staff. Our clients source fish from Appledore Quay two mornings a week, from trawler men in Ilfracombe and fishermen in the locality. The owners operate a van shop service on Tuesdays around Exmoor and on Thursdays around Braunton and Croyde. Shop opening hours are 8am - 4pm Tuesday, Thursday and Friday, and 8am - 2.30pm Wednesday and Saturday (closed Sunday and Monday). The business has a good local base and also serves some commercial customers in the area. Average turnover for the last 3 years is £177,303 per annum with a 35% gross profit. Accounts will be made available to those seriously interested parties who have inspected the premises. The business is currently focused on the shop and sales to end customers. More emphasis on supplying other businesses such as restaurants, pubs and cafes could create a whole new stream of income for the company, allowing it to expand and grow its profits.

MAIN SHOP

18' X 15'2" with high level sloping stainless steel display unit, stainless steel sink unit to the rear and further stainless steel sink unit for preparation of fish. Tiled walls, stainless steel splash-backs, non slip flooring, spot lighting, insectocutor, stainless steel wall shelving, work station and cupboards. Electronic till, upright freezer, chest freezer and two entrance doors.

WALK IN FRIDGE 5' X 14'

TENURE: Held on a 5 year renewable term 2/5/14 to 31/3/19 at a passing rent of £6,000 p.a.x.

RATEABLE VALUE: £5,200 per annum.

EPC RATING: C