Freehold Fish and Chip Shop with Rentals Available in Walsall West Midlands
Walsall, West Midlands
- Status
FOR SALE
- Date Submitted:
16/01/24
- Advert ID
605149
- Reference
CS0202WFBFH / Rightbiz
- Call Agent:
- Freehold: £449,950
- Turnover: £208,000 (£4,000 Per week)
- Net Profit: On request
Key Features
- Established Business
- Unique Business
- Price Reduced
- High Turnover
- Accounts Available
- Close to Local Amenities
- Potential for Alternative Use
- Attractive Business
- Adjacent to Multiple Retailers
- Fully Fitted
- Ideal for Full Refurbishment
- Prime Location
Business Details
Freehold Fish and Chip Shop with Accommodation
Freehold Fish and Chip Shop trading in a prime location with two studio flats and a hair salon all let out with a rental income of £24,600 per year.
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 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 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 owner, husband and wife team 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 bedroom 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.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.
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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.
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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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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
Contact seller
Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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
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