Established Fish and Chip Shop with Accommodation in Castle Bromwich, West Midlands for Sale
Castle Bromwich, West Midlands
- Status
FOR SALE
- Advert ID
623081
- Reference
CS02699 / Rightbiz
- Call Agent:
- Leasehold: £260,000
- Rent: £25,000 (£2,083 per month)
- Turnover: £624,000 (£12,000 per week)
- Profit: On request
Key Features
- New Lease
- Established Business
- With Car Park
- Adjacent to Multiple Retailers
Business Details
Staff Run, Fish and Chip Shop with Accommodation
Mailbox Estates is delighted to present an exceptional opportunity: a traditional Fish & Chip Shop now available for sale. This well-established takeaway offers a wide selection of foods including Fish, Kebabs, Burgers, Southern Fried Chicken, Pies, and Children's Meals, making it a popular choice in the community.
Our clients are now offering an opportunity for an existing operator or an ambitious entrepreneur to take over this already successful business.
Reason for Sale
After many years of successful ownership, our client is reluctantly selling this business as they prepare for a well-deserved retirement.
The Opportunity
*Online orders are already established, with £7,000 accounting for online sales and £5,000 from walk-in trade, contributing to a total weekly turnover of £12,000.
* Ideal for an experienced operator looking to expand, but also perfect for a first-time buyer due to its manageable size and ease of operation.
Location
*This prime Fish & Chip Bar is located in an excellent spot, benefiting from heavy foot traffic and free convenient customer parking.
*Surrounded by other established brands such as Iceland, Greggs, Pizza Hut, Poundland, Card Factory further increasing visibility and customer draw.
Weekly Turnover
*The average weekly turnover is approximately £12,000, as informed by the current owner.
* £7,000 comes from online sales, while £5,000 is generated through walk-in trade.
Tenure
*The site is available via an assignment of the existing lease until 2036 and is renewable.
Staff
*The business is managed by a team of 2 full-time managers and 5 part-time staff members.
Accommodation
The property includes a 2-bedroom accommodation ( Maisonette) with separate access, currently rented and generating a rental income of £7,800 per annum.
Trading Hours
Monday - Thursday 12:00pm - 9:30 pm
Friday - Saturday 12:00pm - 10:00pm
Fixtures & Fittings
*The business is well-fitted throughout, and a valuable inventory of equipment is included in the sale price. All fixtures and fittings are owned outright.
Internal Layout
*Main shop serving area leading to preparation area, storage, downstairs W.C, and wash area.
External
*Rear delivery access.
*Off-road parking for easy loading / unloading.
Rent
* Annual rent: £25,000 including VAT.
Rates
Council tax, £450 per year.
Legal Costs
*Each party will be responsible for their own legal costs associated with the sale.
* Landlord’s legal fees to be equally shared between the buyer and seller.
Trading Information
*Full accounts will be made available to seriously interested parties after they have viewed the business.
Regulatory
*A5 licence in place.
*Up-to-date gas and electricity certifications.
Viewing Arrangements
Mailbox Estates strongly advises early viewing to avoid disappointment.
Discreet customer visits are encouraged, but no direct approach should be made to the vendor or any of the staff.
Deposit
The successful buyer(s) will be required to pay a non-refundable deposit.
Contact Agent
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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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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
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