Mailbox Estates are delighted to welcome to the market an opportunity to acquire a traditional Fish & Chip Shop. The business offers a selection of foods ranging from Kebabs, Fish & Chips, pies, condiments, kebabs, naan's, burgers, southern fried chicken, savouries and cold drinks.
**Option to buy Freehold £385,000 OIRO**
Our client has spent an large amount on refurbishment of the store, but due to unforeseen circumstances it is reluctantly being offered for sale due to health issues.
An ideal opportunity for an existing operator to add a takeaway businesses to their existing portfolio, or pursue their first business investment opportunity.
Location
* The property is situated in a prime location on one of the main streets in the town of Kings Norton, Birmingham. Set among a host of other complimentary businesses including bars, restaurants and national retail shops.
Turnover
* We have been advised by our client that the current turnover is around £2,500 - £3,000 per week with the potential to increase further.
The business does not use any delivery service but this can be added to further increase the turnover.
Staff
* The business is run by a husband and wife with the assistance of four part time members of staff.
To the rear of the shop there is a food preparation area and separate larger kitchen, as well as a further storage area.
External
* There is on street parking available outside the business and several nearby carparks.
Fixtures and Fittings
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.
Tenure
* The business is offered for sale on a new 15 year renewable lease and a rent review every fifth anniversary. However, the landlord is open to negotiations of short or longer term tenures.
* Option to purchase the freehold property at market value.
Accommodation
* included in the sale, a two bed accommodation which benefits from a full refurbishment with seperate access.
Rent:
* The rent per annum is £19,800 with accommodation or £12,000 per annum for the ground floor.
Opening Hours
* Monday - Saturday 4:30pm - 8:30pm
The business currently operates on reduced hours but the store is licenced to operate 7 days a week from 10:00am to 11:00pm.
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 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.
* Low running costs with inexpensive rent
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.
