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CONFIDENTIAL
FOR SALE
641822
CS0308. / Rightbiz
Mailbox Estates is delighted to present this high-turnover, leasehold Fish & Chip Restaurant & Takeaway located in Cotteridge, Birmingham. This long-established business offers an exceptional opportunity for an experienced operator or investor.
With a strong reputation in the community, a consistent customer base, and a large, fully fitted premises, this is a rare opportunity to acquire a profitable and respected business with further growth potential.
THE OPPORTUNITY:
-Very High Weekly Turnover of 20K Per Week
-Established: Since 1989 - owned by the same family for over 30 years
-Online Ordering System: Integrated via EPOS (integer)
-Staffing: Owner operated with 2 full-time and 8 part-time staff
WEEKLY SALES:
-Online Sales: 35% of total turnover, split between Just Eat and the business's own ordering portal.
-Just Eat accounts for approximately 60% of online orders.
-The in-house system accounts for around 40% of online orders, benefiting from a lower commission rate of 4% compared to Just Eat's 14%.
* Average 65% gross margins
Walk-in & Restaurant Sales: Approximately 65% of total revenue.
LOCATION:
-Nearby Retail and Leisure Facilities: Surrounded by a mix of convenience stores, supermarkets, and popular leisure venues that attract steady foot traffic.
-Ample Parking: Customer parking available nearby, making it convenient for takeaway orders and dine-in customers.
-Located in an area with ongoing residential development and regeneration projects, offering potential for increased future demand.
-Footfall: High levels of pedestrian and vehicle traffic
EXTERNAL:
Rear access with bin area, 2 garages, and parking
Frontage space suitable for external seating
INTERNAL:
-Indoor seating for 20
-Fully fitted with high-quality equipment including a 4-pan Preston & Thomas range, 5 -Archway kebab machines, walk-in cold room, walk-in freezer, griddle, chargrill, bain-maries, and multiple fridges/freezers
-Dedicated prep area, chipping room, and storage
-Integrated EPOS tills (x2)
-Staff WC and staff lockers
Trading Hours:
-Monday - Saturday: 12:00pm - 10:00pm
-Sunday: 5:00pm - 10:00pm
Tenure:
-The site is being transferred by way of assignment of the existing lease with 21 years remaning and is renewable.
RENT
-The rent per annum is £22,000 with rent review every third anniversary.
EXPANSION POTENTIAL
-There is scope to further increase revenue by extending trading hours
-Developing the adjacent land to expand the restaurant seating area
LEGAL COSTS
-Each party to bear their own legal costs
-Landlord's legal fees to be shared equally between buyer and seller
RATES:
-Enjoy the advantage of zero rates payable, further enhancing the appeal of this opportunity.
REGULATORY
-A5 Licence
-5 Food Hygiene Rating
VIEWING ARRANGMENTS
-Mailbox Estates highly recommends early viewing to avoid disappointment.
-Discreet customer visits are welcomed, but on no account should any direct approach be made to the vendor or staff.
Deposit:
A non-refundable deposit will be required from the successful applicant by appointment only Mailbox Estates
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
Get Solicitor
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