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Fish & Chip Shop With Accommodation - Solihull For Sale

Solihull, West Midlands, UK
Asking Price:
£139,000 Furniture / Fixtures included
Turnover:
£234,000
Net Profit:
Available on request

Main Road Trading Position
Beautifully Presented
Projected Turnover 2021/22£234,000
Projected Gross Profit 2021/22£128,700
Further Financial Info Available After Viewing
Established 2017
Two Bedroom Accommodation
8 Point CCTV In Place
Five Star Food Hygiene Rating
Excellent Online Reviews
Active Just Eat & Deliveroo Accounts
Scope To Expand Menu
Potential For Longer Opening Hours
EPC - F

REF 7718 – Leasehold Fish & Chip Shop With Accommodation

Blacks Brokers are pleased to bring to the market this leasehold fish & chip shop with accommodation located in Solihull, West Midlands.

INTRODUCTION

Nico’s Fish Bar was established in this affluent residential area of Solihull in 2017 and our client took ownership in 2019. The business offers a range of takeaway choices including fish & chips, kebabs, burgers and much more. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Nico’s Fish Bar has a comprehensive website in place.

LOCATION

Nico’s Fish Bar occupies a main road trading position within a parade of shops and offices. The area is densely populated residentially and commercially with neighbouring businesses including independent retailers as well as large multiples such as Tesco and Morrisons. There are also a number of schools, parks and housing estates nearby. The area is well linked by the M42 and M6 with very strong public transport links and parking is available immediately outside the property.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s relocation, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a twenty one year lease which began in 2017 at a cost of £346 per week.

STAFF

The business operates with four members of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

Nico’s Fish Bar has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31 July 2020 show annual turnover of £69,167 and gross profit of £21,180. Full financial information is available upon request.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This well established, newly fitted business occupies an enviable trading position in a popular residential area of Solihull. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu options and longer opening hours. A new owner may also look to introduce a strong marketing drive online. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON & TUE: 16:00 - 21:00
WED & THU: 12:00 - 14:00 / 16:00 - 21:30
FRI & SAT: 12:00 - 21:30

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