Prime Chinese Takeaway Business with Accommodation in Castle Bromwich for Sale
Castle Bromwich, West Midlands
- Status
FOR SALE
- Date Submitted:
07/05/24
- Advert ID
610941
- Reference
CS0231HHP / Rightbiz
- Call Agent:
- Leasehold: £59,000
- Rent: £17,040
- Turnover: £156,000 (Ā£3,000 Per week)
- Net Profit: On request
Key Features
- Adjacent to Multiple Retailers
- Fully Fitted
- Prime Location
- Price Reduced
- Ideal for Full Refurbishment
- Attractive Business
- High Turnover
- Offers Invited
- New Lease
- Unique Business
- With Car Park
- Accounts Available
- Established Business
- Small Business
- Potential for Alternative Use
- Close to Local Amenities
- Price Further Reduced
Business Details
Prime Chinese Takeaway with Living Accommodation
Prime Chinese Takeaway with Living Accommodation
Reason for Sale:
After over 40 years of successful ownership, our clients are retiring, presenting a rare opportunity to acquire this thriving Chinese takeaway.
Key Features:
- Established Ownership: Same owners since 1987, offering stability and reliability.
- Strategic Trading Hours: Open five hours per day, with the option to extend or introduce delivery services to boost sales.
- Living Accommodation: Includes a comfortable 2-bedroom flat, ideal for owner occupation or additional rental income.
- Potential for Growth: Explore avenues such as delivery partnerships with Just Eat, Uber Eats, or extending opening hours to further increase revenue.
- Turnover: Average weekly turnover of Ā£3,000, predominantly from walk-in trade.
- Desirable Location: Situated in Castle Bromwich, a sought-after area with proximity to primary schools and thriving local amenities.
- Prominent Position: Adjacent to well-known retailers such as Poundland, Iceland, Greggs, and Pizza Hut, ensuring high visibility.
- Well-Maintained Property: The store is well-presented with clear signage and maintained to a high standard.
- Floor Plan: Ground floor shop sales area of approximately 91 Sq M (980 Sq.ft), with kitchen, staff WC, and owner's office.
- Rent: Annual rent of Ā£17,040 (includes VAT), inclusive of a nearby 2-bedroom flat, suitable for owner occupation or staff accommodation.
- Service Charge: Annual service charge of approximately Ā£2,326.92 (VAT included).
- Private Car Park: Rear car park provides convenience for customers and staff.
- Tenure: Offered by way of assignment of the existing lease with 6 years remaining and renewable.
- Trading Hours: Open Monday to Sunday from 5:00pm to 10:00pm (closed on Tuesdays).
- Fixtures and Fittings: Fully-equipped business premises with valuable inventory included in the sale price.
- Business Rates: No business rates payable; purchasers should confirm with relevant local authorities.
- Staffing: Family-run business under management of owners; no staff transfer required.
- Legal Costs: Each party responsible for their own legal costs; buyer and vendor share responsibility for landlord's legal fees.
- Confidentiality: Location disclosed only to serious inquiries via the agent.
Deposits:
Successful applicants required to pay a non-refundable deposit.
Viewing:
Highly recommended through AGENT ONLY.
Contact us for further details and to arrange a viewing of this exceptional opportunity.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.
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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.'.
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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.
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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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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 Ā£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
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