Long Established Fish & Chip Shop in a Good Residential Area
Superbly Fitted & Presented Throughout
High Sales £8,000 per week
Comfortable Family Living Accommodation with Three Bedrooms
Leasehold Price £250,000 for a quick sale
This highly attractive Business has been in the present owners' hands for many years and has earned an enviable reputation for serving high quality takeaway food. The Shop is bright and spacious and is extremely well-fitted for the trade.
The Business enjoys high sales and profits selling traditional Fish & Chips, Kebabs, Pies, Chicken and other hot foods for taking away.
This impressive Business is in an unopposed trading position in a good residential area of Wolverhampton.
The Shop is bright, spacious and well-lit and has a suspended ceiling and tiled walls and floor.
To the rear is a fully equipped Preparation Room and large Stock Room/Office.
There is a comprehensive inventory of equipment included in the sale: illuminated menu board, 3-pan Middleton frying range, chip boxes, kebabs rotisseries, air extraction canopy, salad bin, bain marie, ample fridge & freezer equipment, pressure fryer, stainless steel surfaces, peeler, chipper, and other items of equipment for the trade.
The living accommodation is situated above the shop, and comprises on the Ground Floor: entrance door to Hallway.
On the Upper Floor: Three Double Bedrooms; Bathroom; Kitchen and large Lounge.
The living accommodation is presently vacant, but potential rental income would lie in the region of £500 - £550 per month.
This superior and highly profitable Business must be viewed to be fully appreciated. The Business already enjoys very high sales and profits, but trade and profits could be further increased by a new owner by extending trading hours and expanding the menu to include Pizzas.
The business is operated by family members with the help of part-time assistants and delivery drivers.
Our Client Informs Us That:
Takings and Profitability:
Weekly Takings currently average around £8,000 per week. The usual High Gross Profits associated with the trade will apply.
The trade split is approximately 75% takeaway trade and 25% deliveries (Just Eat etc).
Monday to Thursday 4.00pm – 8.30pm.
Friday & Saturday 4.00pm – 9.00pm
The premises are held on a 20-year lease until 2009. Present rent payable is £22,000 per annum with 5-yearly review dates.
A minimum of £6,000 per annum could be recovered by sub-letting the living accommodation.
£250,000 plus stock at valuation for the Leasehold Property, business, fixtures, fittings and equipment.