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Traditional Fish & Chip Shop in Oldbury West Midlands with High Turnover for Sale

Oldbury, West Midlands
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Traditional Fish & Chip Shop For Sale Photo 1
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Traditional Fish & Chip Shop For SaleTraditional Fish & Chip Shop For Sale
  • Leasehold: £350,000
  • Rent: £19,440
  • Turnover: £676,000 (£13,000 Per week)
  • Net Profit: Not Applicable

Key Features

  • Close to Local Amenities
  • Attractive Business
  • Adjacent to Multiple Retailers
  • Prime Location
  • With Car Park
  • Accounts Available
  • Offers Invited
  • High Turnover
  • Fully Fitted
  • Established Business
  • Large Business for Sale

Business Details

Traditional Fish & Chip Shop For Sale

Mailbox Estates are pleased to introduce an exceptional opportunity to acquire a well-established fish number of retail outlets. With the added convenience of ample free parking, this business presents a prime investment prospect.

THE OPPORTUNITY:
•Located on a busy main road upon a local bus route
•Weekly turnover of £13,000
•Prominent position which benefits from heavy footfall
•Opportunity to keep the franchise brand name for £50 per week

REASON FOR SALE:
•Our client is selling this business in order to focus on other business interests

LOCATION:
•The store is located on a busy street with neighbouring businesses including a very busy supermarket, pharmacist and benefits from heavy footfall
•The store is well presented and maintained, with clear visible signage

INTERNAL:
•Upon stepping into the store, you're greeted by the chip shop featuring a servery counter adorned with a built-in fish tank. Behind this counter is a three-pan range and four kebab rotisseries. Moving beyond the serving area, you'll find the food preparation area, a rear potato prep section, additional storage space, and a WC

EXTERNAL:
•There is secure customer parking available to the rear of the store
•Delivery access to the rear

WEEKLY TURNOVER:
•We have been advised by our client that the weekly turnover on average is £13,000
•The business is a member of Just Eat, Uber Eats and Deliveroo
•Counter sales contribute to around 40% of the sales
•To cover delivery platform fees, store price is marked up by another 30%

TENURE:
•The business is offered for sale by way of assignment of the existing lease
•A new lease option may be available with further terms to be negotiated

TRADING HOURS:
•Monday-Saturday 12:00pm-21:30pm
•Sunday 15:30pm-20:30pm

STAFF:
•The business is run and managed by 2 full time and 6 part time members of staff

RENT:
•The rent per annum is £19,440

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

RATES:
•Purchasers should enquire with relevant local authorities to confirm the 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 shared equally

TRADING INFORMATION:
•Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises

REGULATORY LICENCE:
•A5 Licence
•5* Food Hygiene Rating

DEPOSIT:
•Successful Applicants will be required to pay a non-refundable deposit

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.

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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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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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