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Leasehold Fish/Chip Takeaway Located In Tile Cross, Birmingham For Sale

Birmingham, West Midlands, UK
Asking Price:
£199,950 Furniture / Fixtures included
Turnover:
£494,000
Net Profit:
Undisclosed

Leasehold Fish & Chip Takeaway Located In Tile Cross, Birmingham. Operated By Third Generation. High Weekly Turnover. Established In 1972. Busy Takeaway.

Veritas Business Sales are privileged to offer to the market this established Fish & Chip takeaway which is located in Tile Cross, Birmingham. The business has been established since 1972 and is operated by the third generation family has for circa 35 years and has been in the careful hands of our clients for the past 28 years. They are now offering the takeaway for sale so that they can enjoy a well deserved retirement.
Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Mackadown Chippy is operated with the help of 7 part time member of staff and has an average weekly turnover of between £9,000-£10,000. Approximately 60% of the turnover is walk-in trade and the remaining 40% derives from deliveries via their own website and Just Eat. The menu offers fish & chips, along with, pies, saveloys, condiments, sundries, savouries, kebabs, wraps, southern fried chicken, burgers, deserts and cold drinks.
We believe that there is further potential to increase turnover by opening at lunchtimes. The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Property Information

Property:

Leasehold

Lease Terms:

New 20 year lease to be granted
Rent: £20,000
Reviewed: 5 yearly
Rates: zero

Location:

This respected Fish & Chip Takeaway is located in suburb of Tile Cross, Birmingham. Situated within a prominent and highly visible trading position on East Meadway. Its part of a busy parade of shops which attracts decent levels of footfall to the area. There is ample free parking to the frontage and the parade and the local area has plenty of residential houses, industry and businesses.

Business Operation

Management type:
This business is owner operated.
Reasons for selling:

Retirement

Trading hours:

Monday – Friday – 15:30 – 22:00
Saturday – 16:00 – 22:00
Sunday – closed

Employees:
7 part time
Years established:
53 years

Other Information

Inventory / Stock value:
£1,500