Established Chinese Takeaway with Accommodation in Desirable Location

Mailbox Estates is proud to present a well-established and highly regarded Chinese takeaway for sale in a prime location, offering an exciting opportunity for prospective buyers.

This opportunity is perfect for an experienced operator seeking expansion or a first-time buyer attracted to its manageable size and straightforward operation.

REASON FOR SALE:
The current owners have nurtured this business for over 40 years and are now selling due to genuine retirement.

THE OPPURTUNITY:
*Proudly under the same ownership since 1987
*Inclusive of a comfortable 2-bedroom flat
*Operating successfully for five hours daily
*Potential for expansion through delivery services such as Just Eat, Uber Eats, and extended operating hours

TURNOVER:
*The business generates an average turnover of £3,000 per week, with 100% derived from walk-in trade.

LOCATION:
*Nestled in the highly sought-after area of Castle Bromwich, the business enjoys a thriving parade surrounded by various amenities and close proximity to several primary schools.
*Neighbouring businesses include Savers, Iceland, a tattoo studio, a betting shop, and other renowned retailers.

SHOP FLOOR PLAN:
*Spanning approximately 91 Sq M (980 Sq.ft), the premises feature a well-equipped kitchen, staff facilities, and a dedicated owner’s office.

RENT:
* The annual rent of £17,040 (inclusive of VAT) encompasses the takeaway and a separate two-bedroom flat, strategically located within walking distance from the store.

Notably, while the accommodation is currently occupied by the owner, it presents an excellent opportunity for rental income, effectively offsetting the rent payable.

Annual service charge of approximately £2,326.92 VAT

EXTERNAL:
*Complemented by a private rear car park, ensuring convenience for both patrons and staff alike.

TENURE:
*Offered via the assignment of the existing lease, with 6 years remaining and renewable options available.

TRADING HOURS:
*Monday to Sunday: 17:00PM – 10:00PM
*Closed on Tuesdays
*The takeaway is licensed to open earlier. Additionally, the store closes for two weeks every year from the end of July

FIXTURES AND FITTINGS:
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.

BUSINESS RATES:
*No business rates are payable. Prospective buyers should verify with the relevant local authorities for confirmation of rates payable

STAFF:
*Managed by the current owners, this family-run enterprise presents a seamless transition with no staff transfer required.

LEGAL COSTS:
*Each party is responsible for their own legal costs associated with the sale. Landlord’s legal fees are the responsibility of both the buyers and vendors, to be shared equally

DEPOSITS:
*Successful applicants to furnish a non-refundable deposit upon acceptance

Viewing is highly recommended, strictly via AGENT ONLY. To maintain confidentiality, the precise location of the property has not been disclosed. For further details, please do not hesitate to contact us directly.