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Prime Location Fish and Chip Shop in Tipton, West Midlands for Sale

TIPTON, West Midlands
Fish and Chip Shop in Prime Location Photo 1
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Fish and Chip Shop in Prime Location
  • Status

    FOR SALE

  • Date Submitted:

    09/02/24

  • Advert ID

    606549

  • Reference

    CS0184JIII / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £89,950
  • Rent: £7,700
  • Turnover: £208,000 (£4,000 Per week)
  • Net Profit: Not Applicable

Key Features

  • Fully Fitted
  • Retirement Sale
  • Ideal for Full Refurbishment
  • Price Reduced
  • Close to Local Amenities
  • High Turnover
  • Prime Location
  • Price Further Reduced
  • New Lease
  • Unique Business
  • Accounts Available
  • Large Business for Sale
  • Attractive Business

Business Details

Fish and Chip Shop in Prime Location

Popular Fish and Chip Shop with High Weekly Sales

Mailbox Estates welcomes to the market a traditional Fish and Chip Shop.


Established for over 12 years and benefitting from a recent refurbishment, ideal opportunity for an investor or owner operated individual to take over this already successful business.

Awarded by Sandwell Chronicle and appeared in the local newspaper in 2015, the store achieved 'Fish and Chip Shop of the year' for its quality food and service.

The Opportunity:
* Weekly turnover of £3,500 - £4,000
* Nil Business Rates
* Low Rent £7,700 per year
* 5* Food Hygiene Rating
* Closed for Sunday & Bank Holidays
* Includes Offlicence

Reason For Sale:
* Established more than 12 years ago and run by our client since, the business is offered for sale for a genuine retirement.

Location:
* The store is located on a busy street close to a residential area and benefits from high levels of footfall and passing trade.
* The store is well presented and maintained, with clear visible signage.

External:
* There is secure customer parking available to the front of the store.
* Delivery access to the rear for loading / unloading.

Weekly Turnover
* We have been advised by our client that the weekly turnover on average is £3,000 - £4,000.
* The business is a member of Just Eat, Uber Eats and Food Hub.

Tenure
* The site is offered by way of assignment of the existing lease until 2026 and is renewable.
* A new lease may also granted with further terms to be negotiated.

Trading Hours:
* Monday - Saturday 12:00pm - 2:00pm then 4:30pm - 9:30pm.
* Option to open Sunday or increase the current short operating hours for further revenue.

Staff
* The business is run and managed by two full time and Two part time members of staff.


Rent:
* The rent per annum is £7,700.

Fixtures and Fittings
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price such as:
* 3 Pan Middleton Range
*3 archway Kebab machine
*Bain Marie
*Tandoori Oven
*2 x Chest Freezers
*CCTV

Rates
* There are no business rates payable.

Legal costs
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlord's legal fees are the buyers and sellers responsibility and are to be payable equally.

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

Regulatory
* A5 Licence
* 5* Food Hygiene Rating
* Premises licence ( alcohol )

Viewing arrangements:
* Mailbox Estates highly advise early viewing to avoid disappointment.
* Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR OR ANY OF IT'S STAFF.

DEPOSIT
** Successful applicants will be required to pay a non-refundable deposit.


Mailbox Estates highly advise early viewing to avoid disappointment

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.

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 amount 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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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 'Fish and Chip Shop in Prime Location - CS0184JIII / 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.