Mailbox Estates are delighted to welcome to the market an opportunity to acquire a traditional Fish & Chip Shop. Benefitting from recent refurbishment with over £100,000 invested to ensure the store is kept up to date and modernised.
Since being established for more than 8 years, our clients have other business interests which do not allow their full-time presence at the property.
An ideal opportunity for an existing operator to add a takeaway business to their existing portfolio or create their first business investment opportunity.
Description: A two-storey semi-detached property with the Take-away occupying the ground floor. The one-bedroom flat occupies the first floor with separate entrance. Customer parking is available to the side and rear.
Internal Details: There is one point of sale near the entrance, behind a large illuminated heated serving counter. There is a well-proportioned, fully equipped, stainless steel commercial kitchen and a new walk-in cold room in the prep area with new tiling and TV LED Menu Screens.
Location * Located in a busy village of Wolverhampton, the area is densely populated and benefits from neighbouring businesses such as a Pub, Hair Salon, Dentist practice and much more.
Turnover * We have been advised that the current turnover is around £8,000 per week. The business currently uses Just Eat & Uber Eats. Option to add Deliveroo and/or food hub to increase turnover. Counter sales contribute to around 70% of the sales.
Staff * The store is fully staff managed with 3 full time and 2 part time. Staff are responsible for opening and closing the store.
Fixtures and Fittings: We are advised by our client that all fixtures and fittings are owned outright and included in the sale price such as:
* Two Pan Middleton Island Range * Four - Archway kebab machine * Stainless steel chiller * Stainless Steel salad countertop * Stainless steel Double door fridge & Freezers * Bold Chipper / Peeler
Tenure * The site is offered by way of the transfer with 10 years remaining and an option to renew at the end of the term.
Accommodation * Included in the sale, a recently refurbished one bedroom apartment that is currently occupied. The property achieves £550 per calendar month.
Rent: * The rent per annum is £15,500.
Trading Hours: * Monday - Thursday 12:00pm - 2:00pm then 4:30pm to 9:30pm Friday & Saturday 12:00pm - 10:00pm
The business is closed on Sunday and has potential to increase sales should the new purchaser choose to open or extend the existing hours.
Rates * The business benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
Legal costs * Each party to be responsible for their own legal costs in connection with the sale.
Trading Information * Full accounts will be made available to seriously interested parties after they have viewed the business.
Reasons to buy * A well-established business with an enviable reputation and many existing customers * Perfect trading position with loads of footfall * Ideal owner managed or partnership business * Current owner happy to offer a handover to ensure the continued success.
Please note, as this is a confidential sale, the true location of this shop has not been disclosed. Please contact us should you wish to know the exact store location.
Viewing is highly recommended, strictly via agent only.