Business for sale: thriving chip shop on the main village square in West Flanders (OKT)

The business is currently operated as a corporation and has built a strong reputation among both local residents and visitors.

 Business established on December 1, 2011

Staff: The business is currently run exclusively by the owners without any registered employees. Seven temporary workers are employed

Customers and suppliers: The chip shop primarily serves private customers and has no binding contracts with suppliers, which allows for flexibility in purchasing.

Strengths

Excellent location: situated on the village square, a central location with high visibility and easy access for customers.

Fully equipped infrastructure: the fry shop is equipped with all necessary equipment and a well-appointed kitchen; no investments are expected for the next 7 years 

Owned property: The building, consisting of both the chip shop and a living space, 

Key figures

Real estate: full ownership; total value €375,000  

Appliances: fully equipped kitchen 

Financial projections: Annual EBITDA projection is €50,000, taking into account compensation for the independent operators

Business-specific characteristics

 Inventory: The fixtures and kitchen are in good condition and are expected to last another seven years without the need for replacement investments, apart from small items. Detailed list available

Total investment: 375,000 (property = fry shop + apartment) + 116,000 (business assets) = 491,000 

This is negotiable > €450,000

Shares in the company for sale at €260,000

This acquisition offers an excellent opportunity for an entrepreneur who wants to continue and further expand an established hospitality business in a dynamic environment.

Please contact us via the contact form below for more information and to schedule an on-site visit.

A valuation report has been prepared using various valuation methods, with intrinsic value being the determining factor.
 

Potential

There is significant room for growth by expanding operating days from the current four to six days a week, as was previously done. This expansion could lead to increased revenue and a broader customer base.

The current owners are willing to mentor the new owners for as long as necessary to facilitate the transition. 

Interested? Would you like more information?
Please contact us directly using the contact form below.
It would be helpful for the seller if you could provide a brief introduction of yourself and your motivation:
1. What is your profile and background?
2. Why are you interested in acquiring this business? (possibly just the business assets with a lease on the property, or a combined acquisition of the business and purchase of the property)
3. What are your questions and expectations?