Business for Sale in Sutton Coldfield, West Midlands - LONG ESTABLISHED FISH & CHIP SHOP IN SUTTON COLDFIELD - Leasehold: £270,000

Key Information

Ref
CF34322K
Type
Food Service Businesses: Fish & Chip Shops
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Accommodation
3 Bedrooms
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Exceptional Fish & Chip Shop

Superbly Fitted & Presented Throughout

Fully Refurbished and Refitted to a Very High Standard

In a Well Supported Parade of Shops, Good Residential Area

Very High Takings and Profits

Includes Living Accommodation with Three Bedrooms

Leasehold Price £270,000

Description:

This highly attractive Business has been in the present owners’ hands for over 18 years. The Shop is bright and spacious, and is extremely well-fitted for the trade.

The Business is very well-known locally and enjoys high sales and profits selling traditional Fish & Chips, Burgers, Kebabs, Pies, Southern Fried Chicken and other hot foods for taking away.

The property is in an unopposed trading position within a local parade of shops in a good residential area of Sutton Coldfield. It has excellent roadside car parking for customers to the front.


Premises:

The Shop (25’9” x 17’0”) is bright and well-lit and has a suspended ceiling and tiled walls and floor.

To the rear is a fully equipped Preparation Room, Potato Room, Kitchen and w.c/ wash room.

There is a comprehensive inventory of equipment included in the sale: 3-pan frying range, three kebabs rotisseries, salad counter, bain maries, microwave oven, pie cabinet, pressure fryer, walk-in Cold Room, chilled drinks cabinet, serving counter with cash register, fridges and freezers, peeler, chipper, and many other items of inventory for the trade.

The shop has a CCTV system.

Accommodation (not inspected at the time of our visit):

The self-contained living accommodation is situated above the shop, and comprises: Lounge, Kitchen, Bathroom, Three Bedrooms.

The Accommodation is presently Let and earning £575 per month (£6,900 per annum).

Comments:

This superior and highly profitable Business must be viewed to be fully appreciated. It enjoys a consistent recent trading history and has an excellent local reputation.

Staff:

The shop is operated by the owners with the help of five part-time assistants.

Our Client Informs Us That:

Takings and Profitability:

Weekly Takings and Profits are Very High. Details will be given to Serious Applicants Only.

Trading Hours (39 hours per week):

Monday to Saturday:

11.30am – 2.00pm and 4.30pm – 8.30pm

Closed Sundays.

Potential exists to extend trading hours into the evenings.

Tenure:

The Shop and Accommodation are offered on a new 21-year lease. Commencing rent payable £18,000 per annum (with 5-yearly review dates) for the whole property including the living accommodation.

N.B. If the rent received from the accommodation (£6,900 per annum) is taken into account the net rent for the shop is reduced to £11,100 per annum).

Price:

£270,000 plus stock at valuation for the new lease, business, fixtures, fittings and equipment.

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