Leasehold Fish&chips With Accommodation West Midlands Price Reduced | | Birmingham West Midlands | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving fish and chip shop which has been established since 1990. The business has been in the hands of the current owner since inception and he now wishes to sell due to other businesses. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 46239
ADVERT IMPRESSIONS : 17,774 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fish & Chips Shops | | SALE: | Agent Sale | ASKING PRICE: | £205,000 | LEASEHOLD: | £205,000 | ANNUAL RENT: | £12,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in Saltley area of Birmingham in West Midlands
- Prominent location on main arterial road
- Part of a parade of shops
- Excellent parking facilities nearby
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of a mixed population
- Area offers exceptional lifestyle
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area
Business Details
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- A very good delivery service
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £240,000 with a net profit of £60,000. (See financial summary below).
Genuine opportunities to expand which have not been exploited because the owner has other businesses.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving fish and chip shop which has been established since 1990. The business has been in the hands of the current owner since inception and he now wishes to sell due to other businesses.
Services
This very good business opportunity provides fish and chips, chicken, burgers, kebabs and pizzas both delivery and take away.
Staffing
The concern employs 3 full time staff. All staff would stay on after a sale.
Owners Role
The owner does not have full time hands on role, but does help out when required.
Marketing
The owner does no marketing, relying on the excellent reputation of the concern and loyal regular custom.
Competition
As far as competition is concerned there is some in the area.
Market
The client base consists of a mixed clientele mainly regulars with passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include longer trading hours to 2:00am.
• Also to open Sundays as this shop currently does not open on Sundays.
• Increasing the product line to include more products for sale.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The front is branded with an attractive glass front. It is very well presented and is very conveniently laid out.
The customer service point is to the front. There is an overhead menu.
To the rear is a store room. There is a staff toilet and staff facilities and a fully equipped kitchen.
First Floor
On the first floor there is a two bed accommodation with lounge and a bathroom.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £25,000.
Financial Details
The present turnover is £240,000 per annum with a gross profit of 65% and a net profit of £60,000.
The potential turnover of the business within the next 2 years is forecast to reach £280,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Saturday: 11:00am-12:00pm.Sunday: closed
Tenure
The original length of the lease was 20 years with 18 years remaining. The rent is £12,000 pa with a review in 1 year. The lease may be renewable or negotiable for longer term if required. The rates are £2,000 pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £250,000
Ref: 1589 | | | | | | FOR SALE | | | | | REFERENCE: | 1589 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
