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Main Road Trading Position
Accounts Available Year End 31st August 2018
Annual Turnover £61,201
Gross Profit £35,765
Accounts Available After Viewing
Established 2005Retirement Sale
Fully Equipped
Well Presented
CCTV Throughout
High Footfall Area
Scope For Marketing Drive
Potential To Introduce Website
Scope For Social Media Presence
EPC TBC
REF 7346 – Leasehold Fish & Chip Shop/Takeaway
Blacks Brokers are pleased to bring to the market this leasehold takeaway located in Wolverhampton, West Midlands.
INTRODUCTION
Fryday's was established in this bustling area of Wolverhampton in 2005 and our client has been in ownership since 2012. The business offers a wide range of takeaway foods and is very well known in this area. The business has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google.
LOCATION
Fryday’s occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Aldi and Texaco. The business is immediately behind a main bus stop which brings a constant amount of passing trade. The area is well linked by the M6 with very strong public transport links and parking is available in the surrounding area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a eighteen year lease which began in 2012 at a cost of £192 per week.
STAFF
The business operates with two full time members of staff.
FINANCIAL DETAILS
Fryday’s has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st August 2018 show that the business has an annual turnover of £61,201 and a gross profit of £35765. Full financial information can be made available after viewing.
BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
SUMMARY
This well known and well established business occupies an enviable trading position in a bustling and popular area of Wolverhampton. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu choices and new opening hours. A website and new delivery service could also be extremely beneficial. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.