Fish and Chip Shop with Accommodation

  • Leasehold Price: £70,000
  • Annual Turnover: £208,000
Walsall, West Midlands, England
Inactive

Fish and Chip Shop with Accommodation

Walsall, West Midlands, England
  • Leasehold Price: £70,000
  • Annual Turnover: £208,000

Description

The store operates as a traditional fish and chip shop offering Fish, Kebabs, savouries, wraps, naans and Southern Fried Chicken.

It offers an investment opportunity for a owner wishing to own and run a restaurant business or a property investor to lease the premises and the accommodation for guaranteed income.

Reason for sale:
*Established for more than 19 years and owned by our client ever since, Mailbox Estates are offering an opportunity to acquire a Freehold Fish and Chip Shop with accommodation due to genuine retirement.

The Opportunity:
*Rare Freehold detached property in a desirable trading position
*Accommodation included with two x flats
*Current owner happy to offer a handover to ensure the continued success
*Alcohol Licence and Takeaway Licence in place
*Rental income £24,600 Per Year

Location:
*The property occupies a highly prominent corner trading position on a busy main road off a high street with easy roadside parking

Turnover:
* We have been advised by our client that the turnover is £3,300 – £4,000 per week
* The business offers delivery service on Just Eat, Deliveroo and Uber Eats

Staff:
*The business is run and managed by the owners (Husband and Wife) with the help of three part time members of staff

Internal:
*Staff Washroom
*Rear access leads to preparation room and the ground floor accommodation.

Fixtures and Fittings:
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price such as:
* 2 Pan Middleton Frying Range
* 3 x Chest Freezer
* Kuroma Chicken Machine
* Double steel Stainless Sink
* Stainless Steel Fridge x 2
* Chester Freezer X 2
* 4 Channel CCTV
* Stand up Freezer
* Alcohol Licence
* TV
* 6 Pot Bain Marie
* Bakers Pride Oven
* Bitterling Catering Oil Filter Machine
* Slush puppy Machine

All fixtures and fittings are to be included within the sale however, any items that are owned by a third party or personal to our clients will be exempt.

*Accommodation on the Ground Floor:
The living accommodation is accessed through the rear of the shop, and comprises on the Ground Floor: Large Hallway with front entrance door; fitted Kitchen spacious /Dining Room, two bedrooms and a bathroom.

*Currently occupied with rental income £600 Per calendar month.

On the First Floor:
*The accommodation on the first floor is centrally heated and double glazed, and is in excellent condition throughout. Benefitting from separate access, a two bedroom flat with a kitchen and bathroom.

*Currently occupied with rental income £850 Per calendar month.

*Included in the freehold is a small property that is leased out to a hair salon with rental income of £600 Per Calendar month.

Total Rental income received – £24,600 per annum.

Opening Hours:
* Monday – Saturday 12.00am – 9:00pm
* Sunday – closed

Rates:
*There are no business rates payable.

Tenure:
*The freehold property is offered for sale including the business, fixtures and fittings and equipment.

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

Regulatory Licence:
* A5 Licence
* 4 Food Hygiene Rating

Trading Information:
* Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.

Viewing arrangements:
* Mailbox Estates highly advise early viewing to avoid disappointment.
* Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR OR ANY OF IT’S STAFF

Deposits:
* Successful applicants will be required to pay a non-refundable deposit.

Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
Yes
Is this In administrative/receivership:
No
Is stock included:
NA

Listed By:

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