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Birmingham Based Chinese Takeaway Business with Accommodation for Sale

Birmingham, West Midlands

CONFIDENTIAL SALE

  • Leasehold: £54,950
  • Rent: £17,040
  • Turnover: £156,000 (£3,000 Per week)
  • Net Profit: Not Applicable

Key Features

  • Fully Fitted
  • Ideal for Full Refurbishment
  • Small Business
  • With Car Park
  • Retirement Sale
  • Potential for Alternative Use
  • Close to Local Amenities
  • Adjacent to Multiple Retailers
  • Price Reduced
  • Attractive Business

Business Details

Chinese Takeaway or Potential for Other Use – For Sale in Birmingham

Mailbox Estates are thrilled to present an exceptional opportunity to acquire a well-established Chinese takeaway in a prime location.

REASON FOR SALE:
*Our clients have owned the business for more than 40 years and are now selling due to genuine retirement.

TURNOVER:
* We have been advised that the turnover is on average £3,000 per week with 100% being walk in trade.

LOCATION:
* The property is situated in a highly sought-after area along a well-connected local bus route in Castle Bromwich. It benefits from close proximity to several primary schools, while the bustling parade offers a variety of amenities for residents.
* The store is ideally positioned alongside popular neighbouring businesses, including Poundland, Iceland, Greggs, Pizza Hut, and other well-known retailers, ensuring high footfall and visibility.
* The store is well-presented and maintained, with clear visible signage.

SHOP FLOOR PLAN:
* Ground floor - shop sales area of approximately 91 Sq M (980 Sq.ft)
* Kitchen
* Staff WC
* Owners Office

RENT:
* The annual rent is £17,040 (including VAT) and includes a separate two-bedroom flat. Conveniently located within a short walking distance from the store, the flat offers an ideal living arrangement for staff or the owner.
* The accommodation is currently occupied by the owner but has the potential to be rented out, allowing the rental income to offset the overall rent payable.
* Annual service charge of approximately £2,326.92 VAT.

EXTERNAL:
* Private Rear Car Park

TENURE:
*The site is offered by way of assignment of the existing lease with 6 years remaining and is renewable.

TRADING HOURS:
* Monday - Sunday 5:00pm - 10:00pm
*Tuesday - Closed
*The store is licenced to open earlier.
* The store closes for two weeks every year from the end of July.

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

BUSINESS RATES:
* There are no business rates payable.
* Purchasers should enquire with relevant local authorities to confirm the rates payable.

STAFF:
*The takeaway is run under management of the owners, family run so there are no staff to transfer.

 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 vendors responsibility and are to be shared equally.

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

** Please note, as this is a confidential sale, the true location of this shop has not been disclosed. Please contact us should you wish to know the exact store location **

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Listing Statistics

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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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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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The data showed regarding this advert 'Chinese Takeaway or Potential for Other Use – For Sale in Birmingham - CTCB / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.