Leasehold Fish & Chip Restaurant and Takeaway in Birmingham, High Turnover, Established Since 1989
Birmingham, West Midlands
- Status
FOR SALE
- Advert ID
627155
- Reference
3087 / Rightbiz
- Call Agent:
- Leasehold: £380,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Leasehold Fish & Chip Restaurant & Takeaway Located In Cotteridge, Birmingham
Leasehold Fish & Chip Restaurant & Takeaway Located In Cotteridge, BirminghamHigh Turnover Business
Established Business
Ref 3087
Asking Price £380,000 plus SAV (2,000)
Location
This outstanding Fish & Chip Restaurant & Takeaway s located in Cotteridge, Birmingham and borders on the affluent area of Bournville. Situated within a prominent and highly visible trading position on the Pershore Road South. Its part of a parade of shops set back within a slip road and is surrounded by other complimentary businesses and Kings Norton train station is just a stones throw away. All of these factors bring high levels of footfall to the area.
Business Description
Veritas Business sales offer to the market this respected Fish & Chip Takeaway which is located in Cotteridge. The business has been in the careful hand of the same family since 1989 and is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership there has been continual investment in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Sophie’s Choice is owner operated with the help of 2 full time and 8 part time members of staff and has a high weekly turnover. More details on application. Approximately 65% of turnover is walk-in & restaurant trade and the remaining 35% derives from the online delivery portal Just Eat and the owners own portal via their integer EPOS system. The split between Just Eat & integer is 60:40 and integers commission is only 4% as opposed to 14% from Just Eat. The menu offers a fine range of fish & chips, southern fried chicken, kebabs, pasties, pies, sausages, savouries, burgers, condiments, and cold drinks.
We believe that there is further potential to increase revenue should you wish, by developing the land at the side and extending the restaurant. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a fantastic opportunity to purchase a high turnover business which is a great base to build upon and as such early viewing is highly recommended.
Opening Times
Monday – Saturday – 12:00 – 22:00
Sunday – 17:00 – 22:00
Leasehold
Term: 25 years
Remaining: 21 years
Rent: £20,000 pa
Reviewed: 5 yearly
Rates: £700
Ground Floor
Restaurant & Takeaway comprising: tables & chairs to cover (20), 16 menu boards, upright drinks fridge, 4 pan range with 3 x chip boxes and 2 x scraps boxes (Preston & Thomas), stainless steel sales counter with EPOS till & cash draw, saladette with marble worktop and 2 door undercounter fridge (Hoshizaki), 2 x two slice toasters, stainless steel table, 2 x 3 pot wet bain-maries, 5 x single kebab machines (Archway), kebab meat shaver, 2 x kebab meat catchers, long stainless steel table, extraction canopy, griddle (Archway), chargrill (Arris), stainless steel worktop with 4 door undercounter fridge (Blizzard), 1850 watt microwave (Samsung), metal shelf, stainless steel table with wash basin, stainless steel worktop with 4 door undercounter fridge (Foster), stainless steel worktop with 3 door undercounter fridge (Foster), 2 x EPOS tills with cash draw, insect zapper, hot water urn (Swan), stainless steel fish fridge (Caravell), stainless steel table and staff lockers and combination boiler (Prestania).
Staff W/C with wash basin and wall mounted paper towel dispenser.
Prep room comprising: dishwasher, stainless steel table, microwave, stainless steel double sink with directional hose, 2 x metal shelves, vegetable cutter, walk-in cold room, chicken fryer (Henny Penny), breading table, fat filtration machine (Merlin) and storage unit.
Chipping room with potato storage area, stainless steel worktop with 2 door undercounter fridge (Sterling Pro), stainless steel table, batter mixer (Bold), chopping board rack, knife rack, potato chipper (Bold), potato peeler (Bold), 3 x plastic chip bins, insect zapper, wash hand basin and wall mounted paper towel dispenser.
Small hallway with rear exit door and walk-in freezer room.
External
Rear service road with bin area, 2 x garages and parking for (1). Frontage with space for external seating.
EPC Rating C
Contact Agent
Listing Statistics
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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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