Quality, Profitable Café/Fish and Chip, Walsall PRICE REDUCED
Price:
Leasehold - £160,000
Location:
West Midlands , Wednesbury, Walsall
Business Type:
Service Businesses
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £365,000 with a net profit of £125,000 (see financial summary below).
- A business with great potential which has not been exploited because the owner wishes to retire.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or experienced caterers.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides fish and chips, café and lunches, evening meals and deliveries.
History
Phoenix Business Transfer Agents are delighted to place onto the market quality, profitable café/fish and chips shops which has been established since 2000. The business has been in the hands of the current owner since 2010 and now wishes to sell due to retirement.
Services
This very good business opportunity provides fish and chips, café and lunches, evening meals and deliveries.
Staffing
The concern employs 4 part-time staff. The wages are £25,000 pa.
Owners Role
The owner and his wife are involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is another similar business up the road, but is very small.
Market
The client base consists of locals, regulars, and some passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include more foods including pizzas.
• Increasing the opening hours to include evenings to 11pm and Sundays.
• Working more hands on and saving on wages.
• With the introduction of a website and e-commerce.
• With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
The present annual turnover is £364,000 with a gross profit of 70% and a net profit of £125,000. The wages are £25,000. The present value of the stock is £1000.
The potential turnover of the business within the next 2 years is forecast to reach £450,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in the Wednesbury area of Walsall in West Midlands.
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- Industrial estates nearby and a large retail park with major retailers.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic.
- Commercially thriving area.
- Well linked with the local A roads – junction 9 of M6.
- Area enjoying much growth and regeneration.
- Excellent local demographics for this type of area.
The original length of the lease was 15 years with 14 years remaining. The rent is £27,000 pa with a review in 4 years. The lease may be renewable or negotiable for longer term if required. The rates are £5,000 pa.
Monday to Saturday: 7.00am - 8.00pm.
Sunday: Closed
North Yorkshire
£ 750,000
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