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I just bought an old takeaway please help I just bought an old takeaway please help

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Property Development Discussions about renovation, modernisation, and otherwise developing a property for sale.

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Old 16-10-2008, 12:08 AM
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Default I just bought an old takeaway please help
Hi, this is my first post and I was wondering if anybody could give me some advice/information. I recently bought an old takeaway and am trying to modernise it. The problem I have is I dont know how to get rid of the old chip fryer. Please help.

Thank you.
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Old 01-11-2008, 11:37 PM
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depending on how big it is and what type of condition it is in, how about a scrap dealer or even ebay?
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Old 01-12-2008, 06:39 PM
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Does it work?

If not weigh it in for scrap.

You'll need to spend £10-20k getting a Chippy back up to scratch.

Personally, i'd buy the shop, revamp, run it for 3 months untill theres good trades, then sell on a leasehold with a 20 year lease for rent.

A shop Turning over £3,000 a week should be worth £120-150k on a leasehold.
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Old 07-12-2008, 01:08 PM
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Quote:
Originally Posted by gdwebs View Post
Does it work?

If not weigh it in for scrap.

You'll need to spend £10-20k getting a Chippy back up to scratch.

Personally, i'd buy the shop, revamp, run it for 3 months untill theres good trades, then sell on a leasehold with a 20 year lease for rent.

A shop Turning over £3,000 a week should be worth £120-150k on a leasehold.

I'm not sure how that applies now, i don't think it would be on peoples priority list to buy a chipshop, especially with people laying off the luxuries lately
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