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Locally Renowned Takeaway

Walsall, West Midlands
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  • Leasehold: £39,995
  • Turnover: £234,000 £4,500 Per week
  • Net Profit: Not Applicable

Business Details

Business
Please quote reference B05428

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Goodfellas which is a well-established Takeaway and Restaurant with a renowned reputation amongst residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

Goodfellas was founded by the current owner approximately two years ago when he identified a gap in the market. The business has been a real labour of love for him and has flourished under his ownership already having an impressive number of regular customers and a burgeoning reputation.

A considerable amount of money has been spent ensuring that this is arguably one of the nicest types of this business in the area.

Alas the business is now being sold, albeit reluctantly and with heavy heart only due to the vendors wish to open a larger version of this shop in another area, he is keen to see his beloved takeaway/ restaurant pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

Goodfellas offers an extensive range of food that is freshly prepared to order, on the premises using local ingredients wherever possible. Customers can eat in the restaurant, collect their orders of have their food delivered.

The extensive menu includes;

  • All Day Breakfasts
  • Burgers
  • Kebabs
  • Goodfellas Wraps
  • Southern Fried Chicken
  • Chicken Boxes
  • Saver Menu
  • Curry
  • Fries
  • Fish
  • Salad
  • Chicken Wings
  • Kids meals
  • Desserts
  • Drinks
The sale will include the company website (goodfellasbloxwich.co.uk) and Facebook page and the business enjoys great visibility on the internet via websites such as food hub.co.uk, restaurant guru.com, moovit.com etc.

Scope to improve

  • Advertising and marketing campaign, a local leaflet drop always yields good results
  • Maximise the use of social media particularly Twitter and Instagram
  • Extend the opening hours (12.00 to 24.00 would be ideal)
  • Consider Sunday opening
  • Introduce a range of Pizzas, the vendor has highlighted a real demand for this product
  • Explore the possibility of introducing a customer loyalty card / scheme.
  • Introduce the sale of ice creams, again a real demand has been highlighted.
Reasons to Buy

  • A well-established business with an enviable reputation and many regular customers
  • Prime trading position in a busy parade with loads of footfall and free parking
  • No expenses spared in making this one of the nicest types of this business in the area.
  • All fixtures and fittings included making this a real Turnkey business opportunity
  • Ideal owner managed or partnership business
  • Low running costs with inexpensive rent and no business rates
  • Little or no competition locally
  • Current owner happy to offer a handover to ensure the continued success
  • Still offers loads of further potential
  • Priced to facilitate a quick sale.
Hilton Smythe highly advise early viewing to avoid disappointment.

This lovely business is likely to attract considerable interest. It really does represent a great opportunity for a lucky new owner.



Location
Goodfellas is in Walsall.

Walsall is a market town in the county of West Midlands. Historically part of Staffordshire, it is located 8 miles north-west of Birmingham, 6 miles east of Wolverhampton and 9 miles from Lichfield.

Walsall is the administrative centre of the wider Metropolitan Borough of Walsall. At the 2011 census, the towns built-up area had a population of 67,594, with the wider borough having a population of 269,323.

Walsall is extremely well connected with the UK road network as it is served by the M6 which connects the M1 motorway towards London and M74 motorway towards Glasgow.

There are three nearby junctions which serve Walsall on the M6 motorway: J7, J9 And J10. The stretch between these junctions is one of the busiest in Europe. The town is also served by A34 road which connects Manchester and the M42 motorway towards London and is connected regionally by the A454 Black Country route.

Walsall railway station is situated on Station Street in the town centre and is also accessible from the Saddlers shopping centre. There are typically four trains per hour from the station to Birmingham and one train per hour to Rugeley.

Over 90 bus routes operated by eleven bus operators serve Walsall.

Goodfellas is in the centre of a densely populated residential area with a mix of property types which comprises owner occupied, private rented and local authority.

Goodfellas is perfectly located in an unusually and vibrant shopping parade and sits alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing along with regular custom.

The business is beautifully presented and maintained with clear visible signage and distinctive dark grey and orange livery. There is free on street parking immediately outside the premises.



Premises
Goodfellas occupies the ground floor of a purpose-built retail unit, is presented and maintained to the highest standard and briefly comprises;

Shop

Electric roll down security shutter, windows and glazed door to front creating a light, airy and inviting interior, beautifully presented with a trendy and upmarket feel, expensive looking wood effect flooring, suspended ceiling with concealed LED lighting, further feature pendant lighting, bespoke built in seating with tables providing approximately 24 covers, illuminated menu boards. Bespoke counter running the width of the shop with grey brick effect to front and complimentary high gloss worktops in a vibrant orange colour, built in widescreen TV, hatch to kitchen, triple Slush machine.

Kitchen

Generous and comprehensively equipped catering kitchen. Everything in this kitchen is brand new and of the best quality, you will not find a cleaner kitchen!! Slate effect tiled floor, 2 chest freezers, stainless steel perimeter shelving, 2 Kenwood microwave ovens, stainless steel preparation tables, twin stainless with drainers, Indesit upright freezer, Zanussi extractor, 3 compartment stainless steel fridge with salad bar, 2 Ace twin basket fryers, Ace griddle, Bain Marie, full extraction system with stainless steel canopy, stainless steel wall cladding, further 4 pot Bain Marie.

The premises are secured by a monitored alarm and CCTV system with smartphone connectivity.



Tenure
We are advised that Goodfellas is being sold as a leasehold business opportunity.

The existing 5-year lease has approximately 3 years remaining, and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The current rent is £13,000 per annum which is reasonable given the size and location of the premises.

We are advised that the business benefits from being exempt from business rates.



Hours
Monday to Friday 16.00 – 22.00
Saturday 17.30 – 22.00
Sunday Closed


 

 

 

 



Staff
The business is run and managed by our client with the help of two full time and five part time members of staff.



Financial Profile
Goodfellas generates an advised, current, annual turnover of circa £234,000 and the business continues to grow at an impressive pace.

Please quote reference B05428



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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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