Any Fish and Chip shop owners here?
Discussion
Was in the business , family still are.
This film could be a documentary into how 95% of chip shops seem to operate https://www.youtube.com/watch?v=RZI4B9TtMFo
One you pay the huge utility bills, account for staff giving out freebies, wastage, then deal with paying the staff you will be lucky to get any change out your 3k
Don't forget the long hours, everybody treats you like crap, suppliers are all muppets, fight HMRC when they accuse you of skimming and staff who all seem to only be there because they have exhausted every other avenue and need to keep 16 hours so not to mess with the benefits.
Finally the fryers all seem to think they are gods and most have alcohol or substance abuse issues. They are also prone to doing a harvey weinstein number on half the staff.
This film could be a documentary into how 95% of chip shops seem to operate https://www.youtube.com/watch?v=RZI4B9TtMFo
One you pay the huge utility bills, account for staff giving out freebies, wastage, then deal with paying the staff you will be lucky to get any change out your 3k
Don't forget the long hours, everybody treats you like crap, suppliers are all muppets, fight HMRC when they accuse you of skimming and staff who all seem to only be there because they have exhausted every other avenue and need to keep 16 hours so not to mess with the benefits.
Finally the fryers all seem to think they are gods and most have alcohol or substance abuse issues. They are also prone to doing a harvey weinstein number on half the staff.
Depends on the fish and chip shop, I'm sure some do very well indeed.
Like all retail businesses you have to keep your overheads to a bare minimum, someone who owns their own property outright is more likely to succeed than someone who pays out £50k per annum rent.
There was a big fight in my local chippy last night, two fish got battered.
Like all retail businesses you have to keep your overheads to a bare minimum, someone who owns their own property outright is more likely to succeed than someone who pays out £50k per annum rent.
There was a big fight in my local chippy last night, two fish got battered.
Dad owned 2 at same time for about 5 years, very very long hours. Family spent most of the hours there.
Sold them both as businesses separately, both closed down within 2-3 years after we sold them. Both had been on the streets for 30+ years as well.
Think parents made a little bit of profit in the end but most of that came from the building being worth more than when they were purchased.
Sold them both as businesses separately, both closed down within 2-3 years after we sold them. Both had been on the streets for 30+ years as well.
Think parents made a little bit of profit in the end but most of that came from the building being worth more than when they were purchased.
cashmax said:
£3k pw is right at the very bottom of takings for a F&C shop and selling one at this level is not easy. A buyer should be able to name his price and also be confident he can significantly improve that number.
Agree 100%, and take that with caution because its easy to inflate TO using Just Eat promos. Less than 10k a week and your buying someone elses nightmare Looked into buying a small chain of chip shops a few years ago.
Conclusion... It is a brutal industry. You're very unlikely to become a millionaire selling ~£5 bags of fish and chips.
Despite many hyped-up stories, the average UK chippy only takes a tiny ~£75k revenue and £10-30k net profit per year. For the long hours, dirty work, meddling councils, ripoff landlords and rude customers, it is really not a good living.
Recommendation... Don't bother.
Conclusion... It is a brutal industry. You're very unlikely to become a millionaire selling ~£5 bags of fish and chips.
Despite many hyped-up stories, the average UK chippy only takes a tiny ~£75k revenue and £10-30k net profit per year. For the long hours, dirty work, meddling councils, ripoff landlords and rude customers, it is really not a good living.
Recommendation... Don't bother.
AJB88 said:
Dad owned 2 at same time for about 5 years, very very long hours. Family spent most of the hours there.
Sold them both as businesses separately, both closed down within 2-3 years after we sold them. Both had been on the streets for 30+ years as well.
Think parents made a little bit of profit in the end but most of that came from the building being worth more than when they were purchased.
People don't understand the hours involved. Also recently there seems to be a case of shops out blinging each other with refits, either remortgage or bank money no doubt, can't end well. A lot seem to have more and more staff behind the counter. Sold them both as businesses separately, both closed down within 2-3 years after we sold them. Both had been on the streets for 30+ years as well.
Think parents made a little bit of profit in the end but most of that came from the building being worth more than when they were purchased.
markcoznottz said:
AJB88 said:
Dad owned 2 at same time for about 5 years, very very long hours. Family spent most of the hours there.
Sold them both as businesses separately, both closed down within 2-3 years after we sold them. Both had been on the streets for 30+ years as well.
Think parents made a little bit of profit in the end but most of that came from the building being worth more than when they were purchased.
People don't understand the hours involved. Also recently there seems to be a case of shops out blinging each other with refits, either remortgage or bank money no doubt, can't end well. A lot seem to have more and more staff behind the counter. Sold them both as businesses separately, both closed down within 2-3 years after we sold them. Both had been on the streets for 30+ years as well.
Think parents made a little bit of profit in the end but most of that came from the building being worth more than when they were purchased.
In my mum's town they have a new blingy fish and chip shop which appears to be doing very well. Posh fish and chips, its all the rage. Probably,
Frimley111R said:
Indeed, often a normal job would pay more and be far less hassle.
In my mum's town they have a new blingy fish and chip shop which appears to be doing very well. Posh fish and chips, its all the rage. Probably,
As a frequenter of both posh and traditional chippys, I don't have a preference for takeout as long as the food/Service is good - portion sizes tend to be larger in the latter. For 'eating in' the posh one wins as it is modern, interior designed and so a nicer pace to be.In my mum's town they have a new blingy fish and chip shop which appears to be doing very well. Posh fish and chips, its all the rage. Probably,
Posh one also does alternatives such as grilled fish/roasted potatoes and so on, which means you can also take along people who don't fancy fish&chips that day/want to be healthier.
markcoznottz said:
People don't understand the hours involved. Also recently there seems to be a case of shops out blinging each other with refits, either remortgage or bank money no doubt, can't end well. A lot seem to have more and more staff behind the counter.
Are the hours any different from any other takeaway, probably close earlier on the weekend too?And most chippys are closed on Sundays whereas the other takeaways are not.
hyphen said:
As a frequenter of both posh and traditional chippys, I don't have a preference for takeout as long as the food/Service is good - portion sizes tend to be larger in the latter. For 'eating in' the posh one wins as it is modern, interior designed and so a nicer pace to be.
Posh one also does alternatives such as grilled fish/roasted potatoes and so on, which means you can also take along people who don't fancy fish&chips that day/want to be healthier.
Indeed, I can't even step foot in a place if it doesn't serve triple cooked chips, beer battered monkfish and minted peas.Posh one also does alternatives such as grilled fish/roasted potatoes and so on, which means you can also take along people who don't fancy fish&chips that day/want to be healthier.
uber said:
cashmax said:
£3k pw is right at the very bottom of takings for a F&C shop and selling one at this level is not easy. A buyer should be able to name his price and also be confident he can significantly improve that number.
Agree 100%, and take that with caution because its easy to inflate TO using Just Eat promos. Less than 10k a week and your buying someone elses nightmare Our local has been in the same family for decades does very well indeed supports the family of 3 generations and going by their house they aren’t on the poverty line. No just eat promotions or anything like that very old skool with a line of people out of the shop onto the street on a fri and sat. This is a quiet village not city centre they open mid day and close at 10 I think.
BoRED S2upid said:
uber said:
cashmax said:
£3k pw is right at the very bottom of takings for a F&C shop and selling one at this level is not easy. A buyer should be able to name his price and also be confident he can significantly improve that number.
Agree 100%, and take that with caution because its easy to inflate TO using Just Eat promos. Less than 10k a week and your buying someone elses nightmare Our local has been in the same family for decades does very well indeed supports the family of 3 generations and going by their house they aren’t on the poverty line. No just eat promotions or anything like that very old skool with a line of people out of the shop onto the street on a fri and sat. This is a quiet village not city centre they open mid day and close at 10 I think.
https://www.daltonsbusiness.com/buy/restaurants-fo...
In my limited experience (accountant up north) a decent takeaway will be turning over £6k per week. Out of that you'll have £1500 to pay yourself and staff. That's very rough figures and a lot depends on location/reputation.
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