REF 6906 – Leasehold Fish & Chip Shop With Accommodation
Blacks Brokers are pleased to bring to the market this leasehold fish & chip shop with accommodation located in the Erdington area of Birmingham. INTRODUCTION
Gravelly Chippy was established over 100 years ago and our client took ownership in 2016. The chippy is very much part of the local community with a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this main road trading position. Our client has ensured the business has an excellent reputation and good reviews are noted on Google and Trip Advisor. At present the business does not have a website in place or social media presence, this is an area that can be easily developed. LOCATION
Gravelly Chippy occupies a prominent trading position within a parade of shops on a busy main road. The area is densely populated residentially and commercially with neighbouring businesses including a beauty salon, carpet shop and other independent retailers. Large multiples including McDonalds and Sainsbury’s are also close by. Erdington is well linked by the M6, M5 and M40 with strong public transport links and parking is available in the surrounding area. REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business interests being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level. LEASE
The building is available on a Full Repair & Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a fifteen year lease which began in 2016 at a cost of £232 per week. This includes the first floor accommodation. STAFF
The business operates with two members of staff supporting our client working on a full time basis.FINANCIAL DETAILS
Gravelly Chippy has traded solidly since opening and our client has established a strong customer base in recent years. We are advised that the business currently has annual turnover of £182,000 with gross profits of £52,000. Full financial information is available upon request.BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.SUMMARY
This well known chippy has an unrivalled trading history in this area of Birmingham and has a large, repeat customer base as well as occupying a main road trading position. There is plenty of scope to develop the business further with the introduction of a delivery service along with the implementation of a website with ordering service and the potential for Sunday opening. A new owner may also look to improve the hygiene rating to boost takings even further. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
MON - SAT: 11:45 - 22:00
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Gravelly Chippy operates from the ground floor of a two storey, mid-terraced property. The business has large branding and signage on display above a mainly glazed frontage. Inside, there is a main servery/counter area with waiting area. The servery has glass display ovens built in with illuminated menu boards displayed behind. The kitchen and preparation areas are to the rear and these are well equipped, fitted with fridges and freezers, kebab rotisseries, chipper, rumbler and much more. All are of good quality and have been well maintained. Each area of this business is finished to a high standard and has been carefully considered for optimum use of space.
The first floor accommodation is let by our client and generates rental income of £4,200 per annum.
£232 Per Week