Featured Brokers
CONFIDENTIAL SALE
FOR SALE
23/03/23
510550
2383 / Rightbiz
Summary:
Business Description:
Silk Letting LTD are proud to present to the market a very profitable fish and chip shop in Smethwick. This business is based on a very busy high street which does gather a heavy amount of traffic
The business has built up an excellent client base by serving its customers the finest variety of food such as:
Cod
Haddock
Battered Masala
Fish & Chips
Spring Rolls
Scampi
Sausages and much more.
This business has managed to build up an excellent reputation with many 5-star reviews online to back this up which does give the business a very strong look online. Currently, it operates from walk-ins, Uber Eats, and Just Eat. With these existing agreements coming with the purchase of the business, it gives the new owner an advantage right away.
All fixtures and fittings are included within the purchase of the business which assists a new owner in an easy takeover.
Location and Amenities:
Situated on a busy main road, this business is put in a prime location as the area is always busy and full of traffic. The surrounding of many local amenities such as doctors, plenty of houses, a school and a hospital that is being built, leads to a very high amount of footfall around the business, therefore, leading to a high amount of walking and passing trade.
As it is also the only fish and chip shop within the area, this is the go-to shop for people who are in the area.
Parking on a nearby side street and a bus stop not too far from the premises makes the business easily accessible for employees, customers, or the owner if they need to commute to the business.
Growth Potential:
Although this business is already a success, there is always room for further improvement which creates the perfect opportunity for a new owner to take this business to the next level.
For example, currently, the business doesn’t have its own website which leaves space for a new owner to create one. On this website, a new owner could launch its own delivery service rather than just using Uber Eats and Just Eat. This could help the business reach a larger audience online and potentially bring in new customers.
Another way in which the business can expand is by expanding out onto different social media platforms such as TikTok. This would help boost the business\'s social presence and assist the reach to a wider audience. If marketed correctly, the business could potentially gain customers from all around the country and not just from the local area.
Financial Profile:
Tenure: Lease (Rents Property Only) – 14 years left remaining on the lease
Turnover is available upon request.
Property:
This business is set with a very vibrant décor throughout one floor. Its bright colours attract the attention of anyone passing by therefore leading to a high amount of passing trade.
With tables and chairs to cover 4 seating’s, this makes it very convenient for customers who want to dine in for a quick bite by themselves or in a small group. It also consists of a breakfast bar, and in the summer, there is an additional 8 – 12 covers as tables and chairs are set up outside of the premises.
Security Features:
This business is fully equipped with 8 CCTV cameras and a full alarm system which does ensure the safety of the business is kept whilst attended to and unattended.
We advise our buyers not to miss out on this opportunity!
Fixtures and Fittings:
All fixtures and fittings are included in the purchase of this business, making it ready for a new owner to get going right away.
A full list of assets is available upon request.
Staff:
The business does currently employ 4 staff members who are all willing to work under new ownership. This gives the new owner an advantage as it gives them an efficient and experienced team to work with. It also saves a new owner time as they wouldn’t have to spend time trying to find a new team to build up from scratch.
The business is currently open:
Monday – Saturday - 12:30 pm – 10:30 pm
Sunday – 4:00 pm – 10:30 pm
Reason for the business sale:
The owner is currently selling the shop due to other business commitments, creating the perfect opportunity for a new owner to continue the ongoing success of this business.
Book a viewing now to avoid disappointment!
VIEWING STRICTLY BY APPOINTMENT!
If you are interested, please contact us to discuss any sales enquiries at 0161 507 9791.
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.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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.
Don't 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 number 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.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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