Business for Sale in Wolverhampton, West Midlands - EXCEPTIONAL FISH & CHIP RESTAURANT IN BILSTON, WEST MIDLANDS - Leasehold: £395,000

Key Information

Ref
CF34304K
Type
Food Service Businesses: Fish & Chip Shops
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Weekly Sales
£14,000 Inc Vat
Accommodation
4 Bedrooms
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Superbly Fitted & Presented Throughout

In a Prime Town Centre Trading Location

Very High Takings £14,000 per week

Includes Spacious Living Accommodation with Four Bedrooms

Leasehold Price £395,000

Description:

This superb Business was established by the present owner in 1975 and has traded successfully ever since. It is locally very well-known and enjoys unusually high sales and profits selling traditional Fish & Chips, Burgers, Kebabs, Pies & Pasties and other hot foods for taking away or eating in.

The corner sited property occupies a prominent trading location among many other traders and has lots of passing trade.

Premises:

The Shop includes a serving counter and three Dining Areas, with tables and seating in total for around 80 customers wishing to eat in.

The front dining area has tables & seating for 28 diners and is equipped with a Fried Chicken Fryer (presently unused), which could be utilised to further increase sales and profits

The middle dining area also seats 28 diners, and the rear raised dining area will accommodate 24 diners and leads to customers’ toilet facilities.

To the rear is a fully equipped Preparation Room and Potato Room, and on the upper floor is a Storage Room and Office.

There is a comprehensive inventory included in the sale: 5-pan frying range, kebab rotisserie, bain marie, grill, peeler, chipper, ample fridge & freezer equipment and many other items of inventory for the trade.

Accommodation:

Above the Shop is a spacious Flat included in the sale: Hallway; large Bathroom with shower; Laundry; large Kitchen/Diner; Living Room; Four Double Sized Bedrooms. The flat is centrally heated.

Comments:

This super Business really must be viewed to be fully appreciated. Takings are very high, some of which comes from the recent introduction of Just Eat on-line ordering facility. Takings are rising and will continue to rise in the right hands. The menu could easily be expanded to include fried chicken, as the fryer is already in place, and the demand for Kebabs could also be fully satisfied by installing more rotisseries.

Staff:

The shop is partly operated by the owner with the help of 9 full-time staff and 13 part-time staff. It is felt that staff numbers could be considerably reduced by new owners working on the business.

Our Client Informs Us That:

Takings and Profitability:

The Business is presently taking around £14,000 per week, and trading accounts for year ended September 2018 show Gross Profits to be £332,792 (58%).

The trade split is approximately 66% takeaway trade and 33% eat-in & delivered trade.

Trading Hours:

10.00am – 10.00pm Monday to Saturday

Closed Sundays.

Tenure:

Leasehold. A new 15-year lease will be offered with a commencing rent of £25,000 per annum. Review dates after 5 years.

Price:

£395,000 plus stock at valuation for the new lease, business, fixtures and fittings.

Copyright © EM & F Group Limited 2019 - Company No: 03035561 - VAT: 631 4000 02