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Busy Chinese Takeaway in Castle Bromwich West Midlands, Owners Retiring After 40 Years

Castle Bromwich, West Midlands
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Busy Chinese Takeaway with huge potentialBusy Chinese Takeaway with huge potentialBusy Chinese Takeaway with huge potentialBusy Chinese Takeaway with huge potentialBusy Chinese Takeaway with huge potentialBusy Chinese Takeaway with huge potentialBusy Chinese Takeaway with huge potentialBusy Chinese Takeaway with huge potentialBusy Chinese Takeaway with huge potential
  • Status

    FOR SALE

  • Date Submitted:

    09/02/24

  • Advert ID

    606534

  • Reference

    CS0231 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £72,000
  • Rent: £17,040
  • Turnover: £156,000 (£3,000 Per week)
  • Net Profit: On request

Key Features

  • Fully Fitted
  • Close to Local Amenities
  • Attractive Business
  • Adjacent to Multiple Retailers
  • High Turnover
  • Accounts Available
  • Retirement Sale
  • Prime Location
  • Established Business
  • Potential for Alternative Use
  • Small Business
  • With Car Park
  • Unique Business

Business Details

Busy Chinese Takeaway with huge potential

Mailbox Estates are delighted to welcome to the market an opportunity to acquire a Chinese takeaway trading in a prime location.

REASON FOR SALE:
*Our clients have owned the business for more than 40 years and are now selling due to genuine retirement.

THE OPPORTUNITY:
* Same owners since 1987
* Open only five hours a day
* 2 Bedroom flat included 
* Option to add a delivery service with Just Eat, Uber Eats etc or extend opening hours to increase profitability 

TURNOVER:
* We have been advised that the turnover is on average £3,000 per week with 100% being walk in trade.

LOCATION:
*The property lies in a highly desirable area in Castle Bromwich. Nearby are several primary schools and the parade is thriving with many amenities for residents.
* The Store sits alongside neighbouring businesses such as a Poundland, Iceland, Greggs, Pizza Hut and other well known retailers. 
*The store is well presented and maintained, with clear visible signage.

SHOP FLOOR PLAN:
Ground floor - shop sales area of approximately 91 Sq M (980 Sq.ft)
*Kitchen
*Staff WC
*Owners Office

RENT:
*The rent per month is £1,420 (inclusive of VAT ) includes a two bedroom flat which is located in a seperate building. The flat is within a short walking distance from the store, making it suitable for staff or the owner to live in. 

EXTERNAL:
* Private Rear Car Park available

TENURE:
*The site is offered by way of assignment of the existing lease with 6 years remaining and is renewable at the end of the term.

TRADING HOURS:
* Monday - Sunday 5:00pm - 10:00pm
*Tuesday - Closed
*The store is licenced to open earlier. 

The store closes for two weeks every year from the end of July. 

FIXTURES AND FITTINGS:
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.

BUSINESS RATES:
* There are no business rates payable.
* Purchasers should enquire with relevant local authorities to confirm the rates payable.

STAFF
*The takeaway is run under management of the owners, family run so there are no staff to transfer. 

LEGAL COST:
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlord's legal fees are the buyers and vendors responsibility and are to be shared equally. 

* 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.

DEPOSITS:
* Successful applicants will be required to pay a non-refundable deposit

Viewing is highly recommended, strictly via AGENT ONLY.

Read more

Contact Agent

Contact the seller for more details, or book a viewing

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

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

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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.

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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.

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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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 'Busy Chinese Takeaway with huge potential - CS0231 / 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.