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Outstanding Fish & Chip Shop In Oldbury For Sale

Oldbury, West Midlands, UK
Asking Price:
£350,000
Turnover:
£676,000
Net Profit:
Available on request

Mailbox Estates proudly presents an outstanding fish and chip shop for sale, strategically positioned in a bustling trading area on a vibrant main road alongside numerous retail outlets, offering convenient free ample parking.

The Opportunity:
•Highly reputable traditional Fish & Chip shop located on a busy main road
•Prominent position, surrounded by local stores and businesses
•Weekly takings of £13,000

Opportunity to keep the franchise brand name for £50 per week

Reason For Sale:
•Our client is selling this business in order to focus on other business interests

Location:
•The store is prominently located on a busy street with neighbouring businesses including a very busy supermarket , Pharmacist and benefits from footfall/passing trade
•The store is well presented and maintained, with clear visible signage

Internal:
•Upon stepping into the store, you're greeted by the chip shop featuring a servery counter adorned with a built-in fish tank. Behind this counter is a three-pan range and four kebab rotisseries. Moving beyond the serving area, you'll find the food preparation area, a rear potato prep section, additional storage space, and a WC

External:
•There is secure customer parking available to the rear of the store.
•Delivery access to the rear

Weekly Turnover:
•We have been advised by our client that the weekly turnover on average £13,000
•The business is a member of Just Eat & Uber Eats and Deliveroo
•Counter sales contribute to around 40% of the sales

•To cover delivery platform fees, store price is marked up by another 30%

Tenure:
•The business is offered for sale by way of assignment of the existing lease
A new lease option may be available with further terms to be negotiated

Trading Hours:
•Monday - Saturday 12:00pm - 9:30pm
•Sunday - 3.30pm - 8.30pm

Staff:
•The business is run and managed by Two full time and Six part time members of staff

Rent:
•The rent per annum is £19,440

Fixtures and Fittings:
•The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price

Rates:
•Purchasers should enquire with relevant local authorities to confirm the rates payable

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 sellers responsibility and are to be shared equally

Trading Information:
•Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.

DEPOSIT
*Successful Applicants will be required to pay a non-refundable deposit.

Regulatory Licence:
•A5 Licence
•5 Food Hygiene Rating

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.

Property Information

Property:

Leasehold