Restaurant

Mailbox Estates are pleased to offer a traditional Fish & Chip Shop for sale in Wolverhampton that is currently closed.

The property sits within an ideal location and takes advantage of the passing foot traffic along with easy free parking spaces outside for collections. Within a popular parade with a neighbouring convenience store, hair salon and café.

Reason for sale
* The store has been closed since March 2024 due to personal issues with our client and at no fault of the business

The Opportunity:
* Very Low rent, £5,150 per year.
* Potential for alternative use subject to licensing
* Option to add Uber Eats, Deliveroo and other delivery platforms for more exposure

Weekly Turnover:
* We have been advised by our client that the turnover was £3,500 per week on average
* Delivery sales (Just Eat) contributed to around £500 per week

Tenure:
* The site is offered by way of assignment with 4 years remaining and an option to renew at the end of the term

Rent:
* The rent per annum is £4,968

Rates:
* The business benefits from Small Business Rates Relief

Staff:
* There are no staff to transfer

Trading Hours:
* Monday - Thursday 5:30pm - 10:00pm
* Friday - Saturday 3:00pm - 10:00pm
* Opportunity to open beyond the previous trading hours and to open on Sundays

Internal:
* Internal area of 55 sqm (592 sq. ft)
* Main shop serving area, separate kitchen and preparation area and a further chipper area

Fixtures and Fittings:
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price such as:
*3 x Canopy
*3 x Pan Preston and Thomas Frying Range
*2 x Kebab Machines ( as spares )
*2 Kebab Machines
*1 x Large Sink
*1 x Bain Marie
*1 x Samsung commercial microwave
*1 x Toaster
*Signboard outside shop
*1 Large commercial Fridge ( Fosters )
*3 x Large stainless steel table
*2 x Small stainless steel table
*1 x Electric pizza oven
*1 X Pizza Fridge
*1 X Medium sized chest freezer
*1x Potato peeler
1 x potato chipper
1 x dough mixer for pizza
1 x chicken fryer
1 x tall white fridge
*Roller Shutters

Regulatory:
* A5 License

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

Trading Information:
* Full trading history will be made available to seriously interested parties after they have viewed the business

Viewing arrangements:
* Mailbox Estates highly advise early viewing to avoid disappointment
* As this is a closed business please call Mailbox Estates directly to arrange a viewing

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