Profitable Takeaway Shop in Prime Location, Hall Green Birmingham, For Sale!
Hall Green, West Midlands
- Status
FOR SALE
- Date Submitted:
26/11/23
- Advert ID
603141
- Leasehold: £100,000 (Stock at valuation)
- Rent: £21,120
- Turnover: On request
- Net Profit: Not Applicable
Key Features
- Established Business
- Fully Fitted
- With Car Park
- Large Business for Sale
- New Lease
Business Details
Takeaway shop for sale in Birmingham
The business is located on Stratford Road in Hall Green, Birmingham. It's situated in a prime location and has been successfully running for seven years as an established pizza and grilled chicken takeaway. The business operates seven days a week, generating a weekly turnover of £5,000-£6,000. Trading is conducted through various platforms, including off the high street, Deliveroo, Uber Eats, and Just Eat. The owner is currently looking to sell due to other business interests. The address of the business is B289JA.
The equipment, which includes all fixtures and fittings, is incorporated in the sale. The store currently holds approximately £35,000 worth of equipment. The existing staff members are willing to continue working at the premises. The business’s optimal location is not far from Solihull, Shirley, and many other established retail organisations. This presents an excellent potential for expansion of the business.
The two-bedroom flat above the shop, which has its own entrance from the back of the shop and comes with a garden, is also part of the premises. The rent for both the shop and the flat is £1,760 per month. The flat is currently occupied and brings in a rental income of £800 per month. Therefore, the effective rent for the shop comes to £960 per month.
In terms of business rates, the shop is classified as zero-rated. The lease still has 15 years remaining. The cost for all goodwill associated with the business is priced at £100,000
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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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