Traditional Fish and Chip Shop for Sale in Wolverhampton, Ample Parking, Potential for Alternative Use
Wolverhampton, West Midlands
- Status
UNDER OFFER
- Date Submitted:
07/03/24
- Advert ID
607927
- Reference
CS0234 / Rightbiz
- Call Agent:
- Leasehold: £60,000
- Rent: £4,968
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Vacant/Empty Premises
- Ideal for Full Refurbishment
- Currently Closed
- Attractive Business
- Prime Location
- Close to Local Amenities
- Unique Business
- Potential for Alternative Use
- Fully Fitted
- Offers Invited
- Incentives May Be Available
- Small Business
- Adjacent to Multiple Retailers
Business Details
*CLOSED* Fish and Chip Shop for Sale
**CLOSED FISH AND CHIP SHOP FOR SALE*
Mailbox Estates are pleased to offer a traditional Fish & Chip Shop for sale in Wolverhampton that is currently closed.
The property sits within an ideal location and takes advantage of the passing foot traffic along with easy free parking spaces outside for collections. Within a popular parade with a neighbouring convenience store, hair salon and café.
Reason for sale:
* The store has been closed since March 2024 due to personal issues with our client and at no fault of the business
The Opportunity:
* Very Low rent, £5,150 per year.
* Potential for alternative use subject to licensing
* Option to add Uber Eats, Deliveroo and other delivery platforms for more exposure
Weekly Turnover:
* We have been advised by our client that the turnover was £3,500 per week on average
* Delivery sales (Just Eat) contributed to around £500 per week
Tenure:
* The site is offered by way of assignment with 4 years remaining and an option to renew at the end of the term
Rent:
* The rent per annum is £5,150.
Rates:
* The business benefits from Small Business Rates Relief
Staff:
* There are no staff to transfer
Trading Hours:
* Monday - Thursday 5:30pm - 10:00pm
* Friday - Saturday 3:00pm - 10:00pm
* Opportunity to open beyond the previous trading hours and to open on Sundays
Internal:
* Internal area of 55 sqm (592 sq. ft)
* Main shop serving area, separate kitchen and preparation area and a further chipper area
Fixtures and Fittings:
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price such as:
*3 x Canopy
*3 x Pan Preston and Thomas Frying Range
*2 x Kebab Machines ( as spares )
*2 Kebab Machines
*1 x Large Sink
*1 x Bain Marie
*1 x Samsung commercial microwave
*1 x Toaster
*Signboard outside shop
*1 Large commercial Fridge ( Fosters )
*3 x Large stainless steel table
*2 x Small stainless steel table
*1 x Electric pizza oven
*1 X Pizza Fridge
*1 X Medium sized chest freezer
*1x Potato peeler
1 x potato chipper
1 x dough mixer for pizza
1 x chicken fryer
1 x tall white fridge
*Roller Shutters
Regulatory:
* A5 License
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 shared equally
Trading Information:
* Full trading history will be made available to seriously interested parties after they have viewed the business
Viewing arrangements:
* Mailbox Estates highly advise early viewing to avoid disappointment
* As this is a closed business please call Mailbox Estates directly to arrange a viewing
* DEPOSITS
* Successful applicants will be required to pay a non-refundable deposit.
Contact Agent
Listing Statistics
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.
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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.
Be safe, use a Rightbiz Solicitor
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
