Busy Chinese Takeaway With Huge Potential

Mailbox Estates is proud to present a well-established and highly regarded Chinese takeaway for sale in a prime location, offering an exciting opportunity for prospective buyers.

This opportunity is perfect for an experienced operator seeking expansion or a first-time buyer attracted to its manageable size and straightforward operation.

REASON FOR SALE:
The current owners have nurtured this business for over 40 years and are now selling due to genuine retirement.

THE OPPURTUNITY:
*Under the same ownership since 1987
*Includes a 2-bedroom flat
*Situated in a bustling parade with significant foot traffic
*Potential to introduce a delivery service through platforms like Just Eat or Uber Eats, or to extend opening hours for increased sales.

TURNOVER:
*The business generates an average turnover of £3,000 per week, with 100% derived from walk-in trade.

LOCATION:
*Nestled in the highly sought-after area of Castle Bromwich, the business enjoys a thriving parade surrounded by various amenities and close proximity to several primary schools.
*Neighbouring businesses include Savers, Iceland, a tattoo studio, a betting shop, and other renowned retailers.

SHOP FLOOR PLAN:
*Ground floor - The shop sales area spans approximately 91 sq. m (980 sq. ft), comprising a kitchen, Staff WC and Owner's Office

RENT:
*The annual rent, inclusive of VAT, amounts to £17,040. It encompasses a two-bedroom flat situated in a separate building within a short walking distance from the store, offering convenience for staff or the owner to reside in. Currently, the accommodation is occupied by the owner, but it can be rented out, and the income can offset the rent payable. Additionally, there is an annual service charge of approximately £2,326.92 VAT

EXTERNAL:
*A private rear car park is available

TENURE:
*The site is available via the assignment of the existing lease, which has 6 years remaining and is renewable

TRADING HOURS:
*Monday to Sunday: 17:00 - 22:00
*Closed on Tuesdays
*The takeaway is licensed to open earlier. Additionally, 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:
*No business rates are payable. Prospective buyers should verify with the relevant local authorities for confirmation of rates payable

STAFF:
*The takeaway is run under management of the owners (Husband and Wife) so there are no staff to transfer.

LEGAL COSTS:
*Each party is responsible for their own legal costs associated with the sale. Landlord's legal fees are the responsibility of both the buyers and vendors, to be shared equally

**Please note that as this is a confidential sale, the exact location of the shop has not been disclosed. For more information on the store's location, please contact the office**

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

Viewing is highly recommended, strictly via AGENT ONLY.