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Business loan for fish and chips takeaway success
Reported on Thu, 12 Jan 2006
Anyone considering taking out a business loan and starting a fish and chips shop will be heartened by news that the traditional British dish continues to be the country's top takeaway.
In spite of competition from more exotic foods, the Sea Fish Industry Authority (Seafish) estimates that 439 million fish and chips meals were consumed in the UK in 2005, over four times as many as the nearest competitor, Indian meals.
Indeed, the sector is still expanding rapidly, and is currently worth about £1 billion, with 11,500 shops currently doing business in the UK.
Seafish chief executive John Rutherford commented: "It seems there's no knocking fish and chips from its position as the nation's favourite takeaway. Our research shows despite stiff competition, fish and chips is still as popular as ever with UK consumers.
"This is a magnificent achievement for an industry which has been part of our national culture for more than 150 years."
Friday is the most common day of the week for people to visit fish and chips takeaways, with a total of 84.4 million fish and chips meals sold last year on the last working day of the week.
Taking out a business loan and starting up your own chippie can bring good returns, as with business still booming the amount borrowed will easily be covered by growing profits. 