Lot 16 - 70 High Street, Easington Lane, Houghton Le Spring, Tyne And Wear, DH5 0JN
- Unconditional Online Auction Sale
- Guide Price* : £69,000
Fully Fitted Fish & Chip Shop – Dr. Cod
Description
An exceptional opportunity has arisen to acquire a fully operational and well-presented fish and chip shop, currently trading as Dr. Cod Fish & Chips. This established takeaway is ready for immediate trade and comes fully fitted with high-quality equipment valued at approximately £30,000, making it an excellent turnkey business for an aspiring operator or an experienced professional looking to expand.
The interior is clean, modern, and functional, designed to handle a steady flow of customers with efficiency and ease. Upon entering the shop, customers are greeted by a bright, tiled service area featuring a high-grade stainless steel frying range with multiple heated display compartments, allowing for effective product presentation and heat retention. The counter is prominently branded with the Dr. Cod logo, providing a professional, fresh appearance that aligns with the shop’s coastal theme.
The serving area is spacious and easy to navigate, with a clear view of the menu boards mounted on the walls. These are attractively laid out and offer a full range of traditional fish and chip shop fare, alongside drinks and additional extras. The menu is easy to read and strategically positioned to maximise customer convenience.
Behind the counter, the kitchen and food preparation area are well-equipped with essential appliances, including deep fryers, warming cabinets, refrigerators, and ample storage. The space is highly functional and benefits from a logical layout that supports smooth kitchen operations during peak hours. The equipment package, estimated at £30,000, includes commercial-grade fryers, extraction systems, food warming displays, and all ancillary items required to continue trading without interruption.
The premises have a durable tiled floor, hygienic wall coverings, and suspended ceiling with inset lighting, all contributing to a clean and professional food preparation environment that meets current food safety standards. The shop also benefits from an efficient ordering and pick-up system, as evidenced by the pizza boxes stacked neatly behind the counter, indicating the shop may also offer pizza or additional takeaway items, further increasing its potential revenue streams.
Located in a well-trafficked area, the shop has the potential to attract both regular local customers and passing trade. Its current setup is ideal for immediate takeover, with no additional capital outlay required on equipment or refurbishment.
Current Trading Performance:
The business is currently generating a steady income of approximately £8,000 month, providing a reliable and proven revenue stream. This turnover represents a solid foundation with significant potential for growth through extended opening hours, enhanced marketing, the introduction of delivery services, or menu diversification.
ADDITIONAL TERMS
1. This lot is for sale subject to unconditional auction terms.
2. If the reserve price is met or exceeded, contracts will exchange with immediate effect upon the close of the auction.
3. Following exchange of contracts, parties have 28 days in which to complete the purchase (unless specified otherwise in the special conditions).
4. A non-refundable deposit of 5% is payable within 1 hour of the auction closing.
5. The winning bidder is to make payment to the auctioneer a reservation fee of 6% including VAT subject to a minimum of £6,000 including VAT. The reservation fee is payable in addition to the purchase price and is payable within 1 hour of the auction closing.
6. An administration charge of £714 including VAT is payable by the successful buyer within 1 hour of the auction closing.
7. A legal pack has been provided by the seller’s solicitor and is available to download. We strongly recommend reviewing this thoroughly and discussing any queries with your solicitor prior to bidding.
8. I acknowledge that the seller may accept my bid at any time prior to the scheduled auction end date.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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