For Sale

Restaurant

CS0228 Chinese Takeaway


£68,995

Mailbox Estates are delighted to welcome to the market an opportunity to acquire a Chinese takeaway trading in a prime location.

REASON FOR SALE:
*Our clients have owned the business for more than 40 years and are now selling due to genuine retirement.

THE OPPORTUNITY:
* Same owners since 1987
* Open only five hours a day
* 2 Bedroom flat included
* Option to add a delivery service with Just Eat, Uber Eats etc or extend opening hours to increase profitability

TURNOVER:
* We have been advised that the turnover is on average £3,000 per week with 100% being walk in trade.

LOCATION:
*The property lies in a highly desirable area in Castle Bromwich. Nearby are several primary schools and the parade is thriving with many amenities for residents.
* The Store sits alongside neighbouring businesses such as a Poundland, Iceland, Greggs, Pizza Hut and other well known retailers.
*The store is well presented and maintained, with clear visible signage.

SHOP FLOOR PLAN:
Ground floor - shop sales area of approximately 91 Sq M (980 Sq.ft)
*Kitchen
*Staff WC
*Owners Office

RENT:
*The rent per month is £1,420 ( inclusive of VAT ) and includes a two bedroom flat which is located in a seperate building. The flat is within a short walking distance from the store, making it suitable for staff or the owner to live in.

EXTERNAL:
* Private Rear Car Park available

TENURE:
*The site is offered by way of assignment of the existing lease with 6 years remaining and is renewable at the end of the term.

TRADING HOURS:
* Monday - Sunday 5:00pm - 10:00pm
*Tuesday - Closed
*The store is licenced to open earlier.

The store closes for two weeks every year from the end of July.

FIXTURES AND FITTINGS:
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.

BUSINESS RATES:
* There are no business rates payable.
* Purchasers should enquire with relevant local authorities to confirm the rates payable.

STAFF
*The takeaway is run under management of the owners, family run so there are no staff to transfer.

LEGAL COST:
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlord's legal fees are the buyers and vendors responsibility and are to be shared equally.

* 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.

DEPOSITS:
* Successful applicants will be required to pay a non-refundable deposit

Viewing is highly recommended, strictly via AGENT ONLY.

Tenure: Leasehold

Birmingham EPC

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