Leasehold West Midlands Gem Of A Chinese Takeaway For Sale

Business description

This chinese takeaway has been established for over five years in Birmingham. It's a small family run business. All fixtures, fittings, layout and finishing are to a very high standard and the counter area was designed and installed by an interior design company. The look and feel of the shop is very attractive, clean looking and spacious. Total floor space is 63.8 meter squared which is broken out as follows:
- Front of shop – 7.50 meter squared
- Kitchen - 22.20 meter squared
- Back preparation room - 30.90 meter squared
- Staff toilet

The takeaway is situated in a row of shops which includes a fish and chip shop, pharmacy, off-licence, newsagent and beauty salon. It's in the densly populated area. The area is made up of young professionals, families and older couples with middle to high incomes and the majority own their homes outright. The area benefits from low levels of crime and is 10 mins from two major motorways (M5 J8 and M6 J7) and 5 mins from a Newton Road (A4041). This means the takeaway sees lots of passing trade as well as loyal customers.

The takeaway holds a 2009 Gold Star Good Hygiene Award from Sandwell Council and has a solid reputation within the local area.

The shop comes with access to private parking through gated rear parking lot. The lot is shared with other shop owners of the parade and tenants living in the flats above. Immediately outside of the shop is a small area for half a dozen cars to park. A security camera has also been fitted within the premises to give staff view of counter area. The shop has electric shutters.

Over half of the shop's orders come through the delivery service and there is a loyal customer base of around 200 regulars. Current opening hours are 5pm to 11.30pm 7 days a week.

Prospective buyers will need to provide contact details for our solictor to obtain the following references when making an offer:
- 1 x bank reference
- 1 x trade/supplier reference (only if currently owns a business)
- 1 x landlord reference (only if currently owns a business)

The lease includes A3 planning permission which is not restricted to it being a chinese takeaway business, the premises could be turned into an indian takeaway or kebab/pizza shop or anything similar.

Property information

Property:

Leasehold

Lease terms:

Secure renewable 5 year lease. The lease was recently renewed for a second term. Lease start date is 1st December 2009 to 1st November 2014.

Lease includes a break clause which gives leaseholder the right to terminate lease without any financial penalties, provided three months notice is given. More details can be provided on request.

Landlord is Sandwell Council.

Annual rent is £6,500 which is paid in advance (quarterly payments). Business rate for property £804 (this includes a 50% small business rate relief discount). Water charged at £1,040 (non metered).

Leasehold rent:

£6,500 per annum

Living accommodation:

No accommodation is included with this sale.

Location:

Situated in a row of shops which include fish and chip shop, pharmacy, off-licence and newsagent and beauty salon.

Densly populated area. The area is made up of young professionals, families and older couples with middle to high incomes and the majority own their homes outright. Low crime levels.

10 mins from two major motorways (M5 J8 and M6 J7) and situated 5 mins from a Newton Road (A4041). Lots of passing trade as well as loyal customers.

Premises details:

Leasehold.

Total floor space 63.8 meter squared which broken out as follows:
Front of shop – 7.50 meter squared
Kitchen - 22.20 meter squared
Back preparation room - 30.90 meter squared
Staff toilet

Furnished to a very high standard. Over £60,000 was invested into extending the building and kitting out the unit with top of the range extraction fan, full electrical rewire and kitchen equipment.

Access to private parking through gated rear parking lot. The lot is shared with other shop owners of the parade and tenants living in the flats above.

Security camera fitted within the premises.

Size in square feet:

64

Other information

Expansion potential:

50% of current trade is from delivery orders within a 3 mile radius which is handled by the owner at present. There is massive potential to be had from extending the area which the business delivers to because the market is there for it.

Currently the only marketing the business does is flying menus once a month within a catchment area and being listed on Yell.com. Much more could be done to get people to notice the business.

Business could be made by opening at lunctime to tap into further trade.

Planning consent:

A3

Reasons for selling:

Owner and wife now in their 50's and 60's and want to retire to be nearer their children in Central London. This is the second takeaway business they've sucessfully set up, the last one ran for 15 years and it's now time to move on.

Trading hours:

Licence to open at lunchtimes and from 5pm to 00.15am 7 days a week.
Current opening hours 5pm -11.30pm 7 days a week

Furniture / Fixtures value:

£25,000 (included in the asking price)

Inventory / Stock value:

£2,500 (included in the asking price)

Related documents:

• 
• Fixtures and fittings list