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Exceptional, Long-Established Fish Bar in Wolverhampton for Sale, Includes 3-Bedroom Home, £250,000

Wolverhampton, West Midlands
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EXCEPTIONAL FISH BAR IN WOLVERHAMPTONEXCEPTIONAL FISH BAR IN WOLVERHAMPTONEXCEPTIONAL FISH BAR IN WOLVERHAMPTONEXCEPTIONAL FISH BAR IN WOLVERHAMPTONEXCEPTIONAL FISH BAR IN WOLVERHAMPTONEXCEPTIONAL FISH BAR IN WOLVERHAMPTONEXCEPTIONAL FISH BAR IN WOLVERHAMPTONEXCEPTIONAL FISH BAR IN WOLVERHAMPTONEXCEPTIONAL FISH BAR IN WOLVERHAMPTONEXCEPTIONAL FISH BAR IN WOLVERHAMPTONEXCEPTIONAL FISH BAR IN WOLVERHAMPTONEXCEPTIONAL FISH BAR IN WOLVERHAMPTONEXCEPTIONAL FISH BAR IN WOLVERHAMPTONEXCEPTIONAL FISH BAR IN WOLVERHAMPTON
  • Status

    FOR SALE

  • Date Submitted:

    03/08/21

  • Advert ID

    280486

  • Reference

    CF34934K / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: £416,000 (£8,000 Per week)
  • Net Profit: Not Applicable

Business Details

EXCEPTIONAL FISH BAR IN WOLVERHAMPTON



Long Established Fish & Chip Shop in a Good Residential Area

Superbly Fitted & Presented Throughout

High Sales £8,000 per week

Enviable Reputation

Comfortable Family Living Accommodation with Three Bedrooms

Leasehold Price £250,000 for a quick sale

Description:

This highly attractive Business has been in the present owners' hands for many years and has earned an enviable reputation for serving high quality takeaway food. The Shop is bright and spacious and is extremely well-fitted for the trade.

The Business enjoys high sales and profits selling traditional Fish & Chips, Kebabs, Pies, Chicken and other hot foods for taking away.

This impressive Business is in an unopposed trading position in a good residential area of Wolverhampton.






Premises:

The Shop is bright, spacious and well-lit and has a suspended ceiling and tiled walls and floor.

To the rear is a fully equipped Preparation Room and large Stock Room/Office.

There is a comprehensive inventory of equipment included in the sale: illuminated menu board, 3-pan Middleton frying range, chip boxes, kebabs rotisseries, air extraction canopy, salad bin, bain marie, ample fridge & freezer equipment, pressure fryer, stainless steel surfaces, peeler, chipper, and other items of equipment for the trade.



Living Accommodation:

The living accommodation is situated above the shop, and comprises on the Ground Floor: entrance door to Hallway.

On the Upper Floor: Three Double Bedrooms; Bathroom; Kitchen and large Lounge.

The living accommodation is presently vacant, but potential rental income would lie in the region of £500 - £550 per month.

Comments:

This superior and highly profitable Business must be viewed to be fully appreciated. The Business already enjoys very high sales and profits, but trade and profits could be further increased by a new owner by extending trading hours and expanding the menu to include Pizzas.



Staff:

The business is operated by family members with the help of part-time assistants and delivery drivers.



Our Client Informs Us That:

Takings and Profitability:

Weekly Takings currently average around £8,000 per week. The usual High Gross Profits associated with the trade will apply.

The trade split is approximately 75% takeaway trade and 25% deliveries (Just Eat etc).

Trading Hours:

Monday to Thursday 4.00pm – 8.30pm.

Friday & Saturday 4.00pm – 9.00pm

Closed Sundays.

Tenure:

The premises are held on a 20-year lease from 2009. Present rent payable is £22,000 per annum with 5-yearly review dates.

A minimum of £6,000 per annum could be recovered by sub-letting the living accommodation.



Price:

£250,000 plus stock at valuation for the Leasehold Property, business, fixtures, fittings and equipment.

VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01543 411036.

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Contact Agent

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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.

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

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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.

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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.'.

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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.

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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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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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The data showed regarding this advert 'EXCEPTIONAL FISH BAR IN WOLVERHAMPTON - CF34934K / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.