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Renowned Birmingham Fish & Chip Shop with 2-Bedroom Accommodation for Sale

Birmingham, West Midlands

CONFIDENTIAL

  • Leasehold: £280,000
  • Rent: £25,000 (£2,083 per month)
  • Turnover: £624,000 (£12,000 per week)
  • Profit: Not Applicable

Key Features

  • With Car Park
  • Potential for Alternative Use
  • Established Business
  • Attractive Business

Business Details

Well Known Fish & Chip Shop With Accommodation

Mailbox Estates is proud to present an outstanding opportunity—a well-established, traditional Fish & Chip Shop now available for sale. This thriving takeaway offers a diverse menu, featuring Fish, Kebabs, Burgers, Southern Fried Chicken, Pies, and Children's Meals, making it a beloved favourite within the community.

THE OPPORTUNITY:
* Online sales are well-established, generating £7,000 weekly, with an additional £5,000 from walk-in customers, resulting in a total weekly turnover of £12,000.
* This business is an excellent opportunity for an experienced operator seeking expansion or a first-time buyer looking for a manageable and easy-to-run venture.

REASON FOR SALE:
* After many years of successful ownership, our client is reluctantly selling this thriving business to enjoy a well-earned retirement.

LOCATION:
* This well-positioned Fish & Chip Bar enjoys high foot traffic and offers free, convenient parking for customers.
* Its prime location is further enhanced by the presence of well-known brands like Iceland, Greggs, Pizza Hut, Poundland, and Card Factory, boosting visibility and attracting more customers.

STAFF:
* The business is managed by a team of 2 full-time managers and 5 part-time staff members.

TRADING HOURS:
* Monday - Thursday 12:00pm - 9:30 pm
* Friday - Saturday 12:00pm - 10:00pm

INTERNAL LAYOUT:
* Main shop serving area leading to preparation area, storage, downstairs W.C, and wash area.

ACCOMMODATION:
* The property includes a 2-bedroom accommodation (maisonette) with separate access, currently rented and generating a rental income of £7,800 per annum.

EXTERNAL:
* Rear delivery access
* Off-road parking for easy loading / unloading

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.

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.

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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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