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.