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Newly Fitted Indian Takeaway - Birmingham For Sale

Birmingham, West Midlands, UK
Asking Price:
£34,995 Furniture / Fixtures included
Turnover:
£100,000
Net Profit:
Available on request

Prominent Shopping Parade Location
Projected Annual Turnover £100,000
Further Financial Info After Viewing
Newly Fitted 2021
Just Eat & Deliveroo Delivery Service In Place
Fantastic Online Reviews
Customer Seating For 8
Scope For Additional Marketing
Potential For Further Seating Area
EPC - D

REF 7665 – Leasehold Newly Fitted Indian Takeaway

Blacks Brokers are pleased to bring to the market this leasehold newly fitted Indian takeaway located in Birmingham, West Midlands.

INTRODUCTION

Massalawala was established by our client in this bustling and popular area of Birmingham in 2021 after a full shop refit. There was a similar business positioned here for a number of years previously. The business offers a wide range of freshly prepared Indian foods from 17:00 to 23:00 across six days per week. It has already 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 fabulous trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook, Trip Advisor and Just Eat. Massalawala has a comprehensive website in place.

LOCATION

Massalawala occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Tesco, Aldi and The Post Office. There are also a number of other local amenities nearby including convenience stores, schools and banks. The area is well linked by the M6 with very strong public transport links and free parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, 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 fifteen year lease which began in 2021 at a cost of £230 per week.

BUILDING LAYOUT AND DESIGN

Massalawala operates from the ground floor of a spacious mid terraced property on a busy road. The business has large branding and signage on display above a fully glazed frontage. Inside, the servery/counter is positioned to the front of the shop with seating area for eight. The commercial kitchen is positioned to the rear of the servery with three storage areas behind. There is space for further seating in these areas depending on a new owners requirements. All areas are fully equipped with brand new fixtures/equipment and all areas are presented well.

STAFF

The business operates with five members of part time staff in employment.

FINANCIAL DETAILS

Massalawala has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has a projected annual turnover of £100,000 with projected gross profit to be confirmed. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This newly fitted business occupies an enviable trading position in a thriving and popular area of Birmingham. 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, possibly a lunchtime service and outside catering. A new owner may also chose to develop the space to the rear of the kitchen to allow for additional covers. 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: 17:00 - 23:00
TUE: CLOSED
WED - SAT: 17:00 - 23:00

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