Chicken and Burger Takeaway for Sale in Cotteridge West Midlands with Low Rent and Open Lease
Cotteridge, West Midlands
- Status
FOR SALE
- Advert ID
636315
- Leasehold: £27,000
- Rent: £12,000 (£1,000 per month)
- Turnover: £78,000 (£1,500 per week)
- Profit: Not Applicable
Key Features
- Offers Invited
- Price Reduced
- Small Business
Business Details
Chicken& Burger Takeaway for sale Low rent & Open lease
Fast Food Restaurant for Sale in Cotteridge, West Midlands
We are pleased to offer a fully equipped fast food restaurant for sale in the bustling area of Cotteridge, West Midlands. This establishment is ideally situated in a prime location characterized by high foot traffic, ensuring excellent visibility and a solid customer base. The vibrant atmosphere combined with a well-crafted menu display makes it an inviting destination for both new and returning customers.
The restaurant features a modern interior design, complete with decorative brick walls and attractive seating arrangements that enhance the dining experience. A fully equipped kitchen with commercial-grade cooking and frying equipment ensures operational efficiency, ready to meet the demands of a busy service environment. Moreover, the establishment complies with all health and safety regulations, boasting appropriate storage and cooking facilities.
Business Details
This fast food restaurant has been established for one year, and the current owner has operated it for the same duration. The business benefits from its close proximity to various amenities, including schools, colleges, and universities, which contribute to a steady influx of customers. Additionally, all fixtures and fittings are included in the sale price, providing a seamless transition for the new owner.
In terms of financial performance, the restaurant has seen an increase in turnover over the past year, currently standing at £78,000. The asking price for the leasehold is £27,000, with an annual rent of £12,000. The owner is selling the business due to health reasons and is willing to provide training opportunities to the new owners to ensure a smooth handover. There are currently two employees at the restaurant, and the business also has an online presence through platforms such as Just Eat, Uber Eats, and Food Hub.
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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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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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