Mailbox Estates is delighted to present this high-turnover, leasehold Fish & Chip Restaurant & Takeaway located in Cotteridge, Birmingham. This long-established business offers an exceptional opportunity for an experienced operator or investor.
With a strong reputation in the community, a consistent customer base, and a large, fully fitted premises, this is a rare opportunity to acquire a profitable and respected business with further growth potential.
THE OPPORTUNITY:
- Very High Weekly Turnover of 20K Per Week
- Established: Since 1989 owned by the same family for over 30 years
- Online Ordering System: Integrated via EPOS (integer)
- Staffing: Owner operated with 2 fulltime and 8 parttime staff
WEEKLY SALES:
- Online Sales: 35% of total turnover, split between Just Eat and the business's own ordering portal.
- Just Eat accounts for approximately 60% of online orders.
- The inhouse system accounts for around 40% of online orders, benefiting from a lower commission rate of 4% compared to Just Eat's 14%.
- Average 65% gross margins
Walk-in & Restaurant Sales: Approximately 65% of total revenue.
LOCATION:
- Nearby Retail and Leisure Facilities: Surrounded by a mix of convenience stores, supermarkets, and popular leisure venues that attract steady foot traffic.
- Ample Parking: Customer parking available nearby, making it convenient for takeaway orders and dinein customers.
- Located in an area with ongoing residential development and regeneration projects, offering potential for increased future demand.
-Footfall: High levels of pedestrian and vehicle traffic
EXTERNAL:
Rear access with bin area, 2 garages, and parking
Frontage space suitable for external seating
INTERNAL:
- Indoor seating for 20
- Fully fitted with highquality equipment including a 4pan Preston & Thomas range, 5 Archway kebab machines, walkin cold room, walkin freezer, griddle, chargrill, bainmaries, and multiple fridges/freezers
- Dedicated prep area, chipping room, and storage
- Integrated EPOS tills (x2)
- Staff WC and staff lockers
Trading Hours:
- Monday Saturday: 12:00pm 10:00pm
- Sunday: 5:00pm 10:00pm
Tenure:
-The site is being transferred by way of assignment of the existing lease with 21 years remaning and is renewable.
RENT
-The rent per annum is £22,000 with rent review every third anniversary.
EXPANSION POTENTIAL
- There is scope to further increase revenue by extending trading hours
- Developing the adjacent land to expand the restaurant seating area
LEGAL COSTS
- Each party to bear their own legal costs
- Landlord's legal fees to be shared equally between buyer and seller
RATES:
-Enjoy the advantage of zero rates payable, further enhancing the appeal of this opportunity.
REGULATORY
- A5 Licence
- 5 Food Hygiene Rating
VIEWING ARRANGMENTS
- Mailbox Estates highly recommends early viewing to avoid disappointment.
- Discreet customer visits are welcomed, but on no account should any direct approach be made to the vendor or staff.
Deposit:
A non-refundable deposit will be required from the successful applicant by appointment only Mailbox Estates
