Mailbox Estates are delighted to welcome to the market an opportunity to acquire a Chinese takeaway trading in a prime location.
Reason for sale:
*Our clients have owned the business for more than 40 years and are now selling due to genuine retirement
The Opportunity:
* Same owners since 1987
* Trading Five hours per day
* 2 Bedroom flat included
* Option to add a delivery service with Just Eat, Uber Eats etc or extend opening hours to increase sales
Turnover:
* We have been advised that the turnover is on average £3,000 per week with 100% being walk in trade
Location:
*The property lies in a highly desirable area and upon a local bus route in Castle Bromwich. Nearby are several primary schools and the parade is thriving with many amenities for residents
* The Store sits alongside neighbouring businesses such as a Poundland, Iceland, Greggs, Pizza Hut and other well known retailers.
*The store is well presented and maintained, with clear visible signage
Shop Floor Plan:
Ground floor - shop sales area of approximately 91 Sq M (980 Sq.ft)
*Kitchen
*Staff WC
*Owners Office
Rent:
*The rent per year is £17,040 ( includes VAT ) and includes a two bedroom flat which is located in a separate building. The flat is within a short walking distance from the store, making it suitable for staff or the owner to live in.
The accommodation is currently occupied by the owner. This could be rented and the income can be deducted from the rent payable.
Annual service charge of approximately £2,326.92 + VAT
External:
* Private Rear Car Park
Tenure:
*The site is offered by way of assignment of the existing lease with 6 years remaining and is renewable.
Trading Hours:
* Monday - Sunday 5:00pm - 10:00pm
*Tuesday - Closed
*The store is licenced to open earlier.
The store closes for two weeks every year from the end of July.
Fixtures and Fittings:
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.
Business Rates:
* There are no business rates payable.
* Purchasers should enquire with relevant local authorities to confirm the rates payable.
Staff:
*The takeaway is run under management of the owners, family run so there are no staff to transfer.
Legal Costs:
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlord's legal fees are the buyers and vendors responsibility and are to be shared equally.
* Please note, as this is a confidential sale, the true location of this shop has not been disclosed. Please contact us should you wish to know the exact store location.
Deposits:
* Successful applicants will be required to pay a non-refundable deposit
Viewing is highly recommended, strictly via AGENT ONLY.
