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Takeaway for sale

Cannock Road, Wolverhampton, West Midlands, WV10

Guide Price £50,000

Property Description

Commercial information

  • Business for sale

Key features

  • Well known traditional fish and chip takeaway
  • WT 2,500 (6 short openings)
  • Valuable equipment, excellently presented
  • Viewing strongly recommended

Full description

Tenure: Leasehold

DESCRIPTION
This is a rare opportunity to purchase a well known traditional fish and chip takeaway, which is located in the popular densely populated residential area of Wednesfield, West Midlands.

The business is prominently located at the very heart of a densely populated residential area, set back from a busy main road with high levels of passing traffic. There is ample customer parking available on a parade of shops. The business therefore attracts high levels of regular repeat and passing trade.

This highly renowned business has earned a truly enviable reputation for offering the finest fresh cuisine, with a warm and friendly service and therefore boasts an extensive and loyal customer base, attracting trade from the immediate vicinity as well as neighbouring villages and towns.

The business operates from highly visible double fronted mid terraced shop premises, providing deceptively spacious and versatile accommodation.

This is a successful and lucrative business, yet offers a limited menu and operates on just 6 short openings. The business therefore offers fantastic scope for future growth and would ideally suit an ambitious and energetic couple, who have the opportunity to significantly extend the opening times and expand the menu, with the possibility of also introducing a local delivery service.

These enhancements will naturally increase the weekly sales, whilst ultimately enhancing overall profitability.

This is a first class business opportunity which is not to be missed and viewing is highly recommended to avoid disappointment.

WEEKLY SALES
Currently shop sales average 2,500 approximately.

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday - Thursday 15:00 - 21:30
Friday - Saturday 15:00 - 22:00

STAFF
Managed by the owners with full/part time members of staff.

PROPERTY
The double fronted mid terraced property provides a deceptively spacious and versatile ground floor lock up accommodation.

TRADING AREA
The welcoming sales area is light and airy creating a welcoming environment. The business is fitted to a high standard with a good range of catering equipment, including a 2 pan gas counter range with hot display, which has been regularly serviced and well maintained.

To the rear of the property there is a fully equipped preparation room, a kitchen and a separate potato room, ample storage areas, a shower room, a sitting room and W/C facilities.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available.

TENURE
We are advised that the property is held on a 15 year lease which commenced in 2015. The annual rent is 13,500 exclusive (correct as advised on 08/02/16). Rent reviews are at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
This is a fantastic opportunity to purchase a lucrative business with terrific potential for future growth and improvement. Only now being offered for sale due to the owners of business commitments, viewing is highly recommended.


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