FOR SALE
01/09/22
1012
CS38BRFH / Rightbiz
Mailbox Estates are pleased to welcome to the market a Freehold commercial property.
The opportunity:
Established for more than 40 years, an opportunity to acquire a Freehold closed Fish & Chip Shop with living accommodation. No immediate competition nearby. Perfect to rebrand, market and re-open in the community.
An ideal opportunity for an existing operator to add a Freehold takeaway businesses to their existing portfolio.
A two storey building that consists of a ground floor fish & chip shop, and residential flat above.
Reason For Sale:
The business is suited to a hands on owner but to due our clients health circumstances, they are unable to continue trading.
Internal Details
The property comprises of two bedrooms, a kitchen and a spacious bathroom. Seperate entrance to the flat with access to the rear.
We have been advised by our client that the accomodation is currently let and generates £550 per calender month. However, this can be vacant for the new purchaser.
Rear Shop Area:
Spacious kitchen
Rear Prep Room
Bold chipper, Bold peeler, potato storage area.
Location:
Located in a residential area of Walsall, the area is densely populated and the business benefits from the footfall of neighbouring businesses such as a large Premier Supermarket.
There is on street parking outside and a large car park for up to 30 cars 100 metres away.
Fixtures & Fittings:
We are advised by our client that all fixtures and fittings are owned outright and included in the sale price such as:
CCTV
2 Pan Range
Stand up drinks fridge
2 x chest freezers
Stainless Steel Fridge
Stainless Steel Pizza Fridge
Bold Chipper
Southern Fried Chicken Machine
Gas Zanolli Pizza Machine
Double Archway Kebab Machine
Previous Opening Hours:
Monday – Saturday – 12pm to 9pm
Sunday – 2pm to 8pm
Trading History:
We have been advised the average weekly sales were £3,000 when the business was operating.
Business Rates: £0.00
The business currently benefits from small business rates relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
Permited Use
A5 Licence
Finance may be available to approved applicant subject to status.
To fully appreciate this excellent opportunity, a viewing is high recommended to avoid disappointment.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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