Summary - Albatross Fish & Chip Restaurant,Chapel Street,ST. IVES,TR26 2LR TR26 2LR
1 bed 1 bath Restaurant
Turnkey fish and chip business with strong tourist footfall and growth potential.
Prime town-centre trading spot near taxi rank and cinema
Set in the heart of St Ives, this long-established fish and chip restaurant benefits from a prime, high-footfall trading position close to the taxi rank and cinema. The business reports an annual turnover of around £400,000 and is licenced for alcohol, trading from a well-presented, newly renovated ground-floor restaurant with seating for 34 and a compact cellar/storage area below.
Significant recent investment has been made in fixtures and equipment: the sale includes a brand-new 5-pan KFE Kiremko frying range and a full complement of kitchen and bar fittings, reducing short-term capital expenditure for a new owner. Current opening hours are evenings only; there is clear scope to increase revenue by adding daytime/lunchtime service and joining online delivery platforms.
Important practical points: the lease has approximately 12 years remaining (original term 15 years) with rent at £22,000 pa and five-year rent reviews — this short lease term may restrict lending options and deter mortgage lenders. The premises sit in an area with medium flood risk, above-average local crime statistics, very slow broadband and signs of local economic deprivation, which should be factored into operating plans.
This is a ready-to-run seaside food business with strong seasonal and regular tourist trade, notable equipment included and room to grow income. Buyers should carry out lease, flood and lender checks, and allow for marketing and trading adjustments given local constraints.
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