Mailbox Estates is pleased to present a thriving and highly respected Chinese takeaway for sale in a prime location, offering an outstanding opportunity for prospective buyers
This opportunity is ideal for an experienced operator looking to expand, or a first-time buyer drawn to its manageable size and easy-to-run operation
REASON FOR SALE:
• The current owners have nurtured this business for over 40 years and are now selling due to genuine retirement.
THE OPPORTUNITY:
• Proudly under the same ownership since 1987
• Inclusive of a comfortable 2-bedroom flat
• Operating successfully for five hours daily
• Potential for expansion through delivery services such as Just Eat, Uber Eats, and extended operating hours
TURNOVER:
• The business generates an average weekly turnover of £3,000, entirely from walk-in customers.
LOCATION:
• Nestled in the highly sought-after area of Castle Bromwich, the business enjoys a thriving parade surrounded by various amenities and close proximity to several primary schools.
• Neighbouring businesses include Savers, Iceland, a tattoo studio, a betting shop, and other renowned retailers.
SHOP FLOOR PLAN:
• Spanning approximately 91 sq m (980 sq ft), the premises feature a well-equipped kitchen, staff facilities, and a dedicated owner's office.
RENT:
• The annual rent of £17,040 (inclusive of VAT) encompasses the takeaway and a separate two-bedroom flat, strategically located within walking distance from the store.
Notably, while the accommodation is currently occupied by the owner, it presents an excellent opportunity for rental income, effectively offsetting the rent payable.
• Annual service charge of approximately £2,326.92 VAT
EXTERNAL:
• Private rear car park, ensuring convenience for both patrons and staff alike.
TENURE:
• Offered via the assignment of the existing lease, with 6 years remaining and renewable options available.
TRADING HOURS:
• Monday to Sunday: 17:00 p.m.–10:00 10:00PM
• Closed on Tuesdays
• The takeaway is licensed to open earlier. Additionally, the store closes for two weeks every year, starting at 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:
• No business rates are payable. Prospective buyers should verify with the relevant local authorities for confirmation of rates payable
STAFF:
• Managed by the current owners, this family-run enterprise presents a seamless transition with no staff transfer required.
LEGAL COSTS:
• Each party is responsible for their own legal costs associated with the sale. landlord's legal fees are the responsibility of both buyers and vendors, to be shared equally
DEPOSITS:
• Successful applicants are required to furnish a non-refundable deposit upon acceptance
