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**Closed** Chicken Store with accommodation available

Tipton, West Midlands
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**Closed** Chicken Store with accommodation available**Closed** Chicken Store with accommodation available**Closed** Chicken Store with accommodation available**Closed** Chicken Store with accommodation available**Closed** Chicken Store with accommodation available**Closed** Chicken Store with accommodation available**Closed** Chicken Store with accommodation available**Closed** Chicken Store with accommodation available**Closed** Chicken Store with accommodation available
  • Leasehold: £29,950
  • Rent: £18,200
  • Turnover: N/A £0 Per week
  • Net Profit: N/A

Business Details

*Closed** Chicken store with accommodation, huge potential to reopen as it is or rebrand and change the Cuisine offered.

Mailbox Estates are delighted to welcome to the market an opportunity to acquire a one of a kind chicken store fully equipped to trade.

Established in 2019, our clients have kept the store closed as of October 2021 due to other business commitments which do not allow their full time presence at the property.

An ideal opportunity for an existing operator to add a takeaway businesses to their existing portfolio, or pursue their first business investment opportunity.

Please note the new purchaser are advised not to open a fish and chip store as there is an existing one opposite the store.

Location
• Located in Tipton, the business occupies a main road trading position. The area is densely populated residentially and commercially with neighbouring businesses and benefits from the high levels of footfall.

Turnover
• We have been advised that when the business was trading, the average turnover per week was £4,500. Invoices and receipts will be shared with seriously interested parties following a viewing.

External
• The business further benefits from on road parking to the rear.

Fixtures and Fittings
The store is empty and the purchaser should make arrangements to add the necessary fixtures, fittings and equipment required for the trade.

Tenure
• The site is offered by way of the transfer with 15 years remaining and an option to renew at the end of the term. A new lease option may also be available.

Rent:
• The rent per annum is £18,200.

Accommodation
• Included in the sale, a three storey building which compromises of two, two bedroom flat with seperate access to the rear.

Currently vacant, once rented the two, two bedroom apartments can achieve in the region of £1,400 per calender month.

The rental income from the accommodation can be used to cover the rent of the store leaving around only £1,400 rent per annum to pay!

Opening Hours
• The store is licened to operate seven days a week and was previously trading between the hours of 12:00pm - 10:00pm.

Permitted use
• A5 Licence

Rates
£0
• The business benefits from Small Business Rates Relief.
Purchasers should enquire with relevant local authorities to confirm the rates payable.

Legal costs
• Each party to be responsible for their own legal costs in connection with the sale.

Trading Information
• Full accounts will be made available to seriously interested parties after they have viewed the business.


* Perfect trading position with loads of footfall
* Ideal owner managed or partnership business
* Low running costs with inexpensive rent


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.

Viewing is highly recommended, strictly via agent only.

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Key Features

Contact Agent

Contact the seller for more details, or book a viewing

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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.

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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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Contact seller

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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