Fish and chip shop with three-bedroom flat for sale in Walsall, West Midlands after 31 years.
Walsall, West MidlandsEst. 31 years
- Status
FOR SALE
- Advert ID
659455
- Reference
W.MID12531 / Rightbiz
- Call Agent:
- Leasehold: £249,000
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
High turnover well fitted and equipped fish & chip business with 3 bedroom flat, same owner 31 years
Key features
- The same ownership for 31 years
- High turnover with takeaway & delivery sales
- Three bedroom flat let at £8,400 per annum
- Busy parade with free parking at the front
- Closes most evenings finishing at 9.00 pm
About this business
Our client has built up the business over 3 decades creating a high turnover profitable concern and is for sale due to pending retirement. Situated on a active parade with easy parking and benefits from regular year round lucrative sales from the well populated surrounding community. There is a 3 bedroom self-contained flat which is let producing rent income of £8,400 per annum. A well fitted and equipped up to date unit, ideal for a capable family team to take forward.
Trading figures
High turnover shop with takeaway and delivery sales from a complehensive lucrative menu, closing 9.00 pm most evenings. ( Full details available upon request ).
Trading hours
Monday to Thursday: 11:45 am – 2:15 pm and 4:00 pm – 9:00 pm.
Friday: 12:00 noon – 9:30 pm. Saturday: 12:00 noon – 9:00 pm.
Sunday: Closed.
Business premises
Modern attractive double glazed frontage with entrance through a single door leading into a spacious tastefully styled customer area with commercial linoleum floors, tiled walls and a suspended ceiling. Behind the counter staff service area features a mixture of steel and tiled walls having archway leading to well laid out kitchen with separate potato room in the plus rear access to spacious garage used for stock and a large walk-in fridge. Well fitted and equipped throughout.
Trade equipment
Hewigo, 3 pan frying range, 2 commercial Samsung microwave, 2 bain-marie, large walk-in fridge, separate large walk in freezer, large commercial double drainer sink, Bold peeler & chipper with potato bath & potato bins, 3 Archway kebab machines, chicken pressure fryer, undercounte fridge, upright drinkd fridge, cctv and electronic till.
( The above items of equipment have not been tested by Rosens ).
Accommodation
Separate entrance to a 3 bedroom flat being open plan with a separate kitchen and bathroom plus fully double glazed and central heated. The accommodation is let producing an annual rent income £8,400 per annum. which is very low for the area.
Trading position
Located in a busy parade of shops located on a busy main route/road with bus stops, including a national supermarket and features plenty of free car parking in front. Surrounded by traditional leafy housing stock made up of terraced, semi-detached and large detached houses plus a number of flats.
Special remarks
The current owners having built the business up as a profitable and well known local brand for over 3 decades are reluctantly retiring to enjoy more family time.
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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.
Be safe, use a Rightbiz Solicitor
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