New fish and chip shop The Crossings in Lynn’s Tennyson Road has got off the ground thanks to investment through “crowd funding”.
Owner John Redman is delighted with how quickly he was able to raise £25,000 to set up the enterprise after outlining his business plan online.
“I was amazed at the speed of raising the money. Within 48 hours, £25,000 had been pledged by 27 different people and, once I had selected my investors, the money was in my bank account in the next 48 hours.
“The investors don’t own a share of the business - they are lenders who I pay back with an agreed interest figure.”
The Crossings, which is close to the railway line, has created five new jobs, three of which are full time, and the other two, part time. In November two further full time jobs plus one part time, are set to be created once deliveries are introduced.
“We are hoping to sign a deal within the next four weeks with Stone Willy’s Pizza so that we can sell pizzas, wraps and other foods which will expand our traditional fish and chip menu. We also sell burgers, chicken burgers, hot dogs, pies and have a special children’s menu.”
Trainee manager Levi Gray, 18, who started work for Mr Redman two years ago peeling chips, is about to attend a national fish fryers’ course based in Leeds, which will make him eligible to enter the Junior Fish Fryer of the Year competition. During the course there will be an opportunity to gain practical experience and a guest chef will explain ways of expanding the menu.
Business has been promising since The Crossings opened four weeks ago and has attracted visitors from the nearby Walks park. There is seating for 16 and this area has designed to be spacious for parents with buggies and prams.
The shop is open six days a week, from 11.30am to 2.30pm and 4.30pm to 8.30pm.
Mr Redman also owns the River Lane Fish Bar in Gaywood and strongly believes in using quality fish. “We use deepwater Atlantic cod, which is the best you buy and our chips don’t travel far - they are supplied fresh several times a week from Watlington.”