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Leasehold Fish And Chip Takeaway Located In Oldbury For Sale

Oldbury, West Midlands, UK
Asking Price:
£195,000 Furniture / Fixtures included
Turnover:
£390,000
Net Profit:
Available on request

Leasehold Fish & Chip Takeaway located in Oldbury. Two bedroom accommodation above. Freehold option available. Established business. Prominent main road location.

Veritas Business sales are delighted to offer for sale this respected Fish & Chip Takeaway which is located in Oldbury. The business has been established since 1978 and has been in the careful hands of our client for the past 32 years. They are now offering the business for sale so that they can enjoy a well deserved retirement.
Since ownership they have continually invested in new equipment, along with fixtures and fittings which are all bought and paid for and included within the sale price which means that any new purchaser will not need to spend any additional funds for some time. Above you have a two bedroomed flat which is currently sub-let for £500 PCM. The Tasty Plaice is overseen by the owners but operated with a team of 1 full time and 5 part time members of staff and has a high weekly turnover. More information on application. They serve traditional fish & chips, pies, pasties, kebabs, burgers, sausages, southern fried chicken, sundries, condiments and cold drinks.
We believe that there is further potential to increase trade by extending the current opening times and by joining the online delivery portals such as Just Eat & Deliveroo. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade, along with plenty of passing trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended.

Property Information

Property:

Leasehold

Lease Terms:

New lease to be granted
Term: negotiable
Rent: £15,000 per annum (to include the flat)
Business rates: zero

Living Accommodation:

First Floor Flat
Lounge, double bedroom, single bedroom, kitchen and a bathroom with bath, W/C and wash basin.
This is currently sub-let for £500 PCM.

Location:

This well established Fish & Chip Takeaway is located in Oldbury, West Midlands. Situated within a prominent and highly visible trading position on Causeway Green Road. Adjacent to a Public House and nearby you have a Pizza Takeaway & Off-Licence, other businesses, industry and an abundance of residential houses. All of which brings high levels of trade to the area. The busy (A4123) Wolverhampton Road is (0.6 miles) which takes you south to Birmingham and north to Wolverhampton. Junction 2 of The M5 motorway is (1 miles) which gives access to all motorway networks.

Premises Details:

Ground Floor
Takeaway comprising: serve over sales counter with 2 covid screens, till system, 3 pan range (Hewigo) with chip box, scraps box, 2 food warming cabinets, serve over saladette with two door undercounter fridge, 4 pot dry bain-marie, metal shelf, Coca-Cola fridge, microwave (Quattro), panini press (Buffalo), stainless steel wash basin, 9 menu boards, 2 x single kebab machine (Archway), kebab meat shaver, 2 x kebab meat catchers, electric knife and extraction canopy.
Kitchen comprising: chest freezer, fish fridge, upright freezer (Iarp), upright fridge (Tefcold), upright fridge (Gastro-Line), 2 x wall mounted metal shelves, stainless steel sink drainer, 2 x stainless steel tables, dual kebab machine (Archway), deep fat fryer (Ace), 4 pot dry bain-marie, vinegar barrel and a 4 ring gas hob/oven/grill.
Chipping room with 4 plastic chip barrels, potato chipper (Bold), potato peeler (Bold) and a stainless steel sink drainer.
Hallway with potato storage area.
Staff W/C with wash basin.
Storeroom with storage racking, door to flat and rear exit door
The property benefits from front electric roller shutters to the frontage, an intruder alarm, gas fired central heating and UPVC double glazing.

External
Rear/side yard.

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – Saturday – 12:00pm – 2:30pm – 4:30pm – 10:00pm
Sunday – closed

Years established:
44 years

Other Information

Inventory / Stock value:
£1,000

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