Brand New Refurbed Fish Bar!

  • Leasehold Price: £50,000
Birmingham, West Midlands, England
Seller Ref:SCFB
For Sale

Brand New Refurbed Fish Bar!

Birmingham, West Midlands, England
Seller Ref:SCFB
  • Leasehold Price: £50,000

Description

Mailbox Estates welcomes to the market a traditional Fish and Chip Shop.

Currently Closed, since September 2022, this opportunity suits an experienced operator or an entrepreneur who is looking to increase the sales.

The Opportunity:
* Historically weekly turnover of £6,500 – £7,000
* Fitted Takeaway business
* Nill Business Rates
* Ability to start trading immediately
* EPC rating C

Reason For Sale:
* Established for more than 10 years, our client is now offering the business for sale due to other commitments.

Location:
* The store is located on a busy street in a residential area and benefits from high levels of footfall and passing trade.

* Bold signage is displayed above the width of the shop with an entrance door and large glass window that floods the store with natural light.

Internal:
* Ground floor – Shop area of approximately 161 Sq M (1732 Sq.ft)

* Well fitted servery area, kitchen area, prep room, generous storage rooms.
* Staff WC to the rear.

External:
* Road side parking.
* Delivery access to the rear for loading / unloading.

Weekly Turnover
* We have been advised by our client that the weekly turnover was £6,500 on average.

Tenure
* The site is offered by way of assignment of the existing lease with 3 years remaining and is renewable.
* A new lease of 15 – 20 years may be granted.

Trading Hours:
* The previous trading hours were
Monday to Saturday 12.00pm – 23.00pm
Sunday 16.00pm – 22.00pm

Staff
* The business is closed so there are no staff.

Accommodation
* The store is being sold as a lock -up unit so there is no accommodation.

Rent:
* The rent per annum is £20,000.
* Annual service charge of £2,200.

Fixtures and Fittings
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.
* 2 Pan Middleton Range
* Stainless Steel Salad Bar Chiller
* Double door Fridge
* Chest Freezer
* Bold Peeler

Rates
* There are no business rates.

Legal costs
* Each party to be responsible for their own legal costs in connection with the sale.

* Landlord’s legal fees are the buyers and sellers responsibility.
* Landlords legal fees are the buyers responsibility if a new lease is required.

Trading Information
* We are in receipt of previous trading history to verify the weekly turnover of £6,500. This will be made available to seriously interested parties after they have viewed the business.

Regulatory
* A5 Licence

Viewing arrangements:
* Mailbox Estates highly advise early viewing to avoid disappointment.

DEPOSIT
*Successful Applicants will be required to pay a non-refundable deposit.

Mailbox Estates highly advise early viewing to avoid disappointment.

Tenure: Leasehold (3 years)
Remaining Lease 3 1/5 years remaining
once ended a new lease can be granted for 15 or 20 years

Leasehold Terms:
* The site is offered by way of assignment of the existing lease with 3 years remaining and is renewable. * A new lease of 15 - 20 years may be granted.
Support and Training:
Hand Over can be provided to ensure continued success
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
NA
Website address:
https://www.mailboxestates.co.uk/commercial-sales/area/restaurant/49254-scfc

Listed By:

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