Hi, I viewed a fish a chips for sale recently and in my view there are two concerns in the business and I want to know about the others opinions: -owner claims that the business makes about £150K net per year but the the sale price is about £120K. Does it make sense that you sell a business for less than its annual profit (not turnover)? He says he wants to retire and so does not care! -he claims there is no premium to renew the leasehold apart from the legal fees. Is it normal? I know that I can check it easily with the freeholder. Also, I am more concerned about the capital growth of the business and not only its sales. Is it possible to gain a good growth (say after 5-10 years) in leasehold restaurants or it is just for the freehold businesses?