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Takeaway for sale

Park Lane West, Tipton, West Midlands, DY4

Fixed Price £79,950

Property Description

Commercial information

  • Business for sale

Key features

  • Large well maintained traditional fish & chip take away, monopoly position
  • Weekly Takings approx 2,500
  • Great potential for expansion
  • Short daily trading hours only 6 days a week (scope to increase)
  • Valuable modern existing equipment with capacity to increase takings greatly.
  • Large car park, must be viewed to be appreciated

Full description

Tenure: Leasehold

DESCRIPTION
This is an exciting opportunity to acquire a well maintained, traditional fish & chip take away which occupies an unopposed trading position in Tipton, West Midlands. Oh My Cod is located on a busy main road at the heart of a densely populated residential area and therefore attracts high levels of regular local and passing trade throughout the day.

This well-known business has successfully operated in the locality since 2012 with all the equipment purchased new and has been maintained to the highest standards. During this time the business has established an enviable reputation with an extensive and loyal customer base.

The business operates from highly visible double fronted shop premises providing spacious lock up business accommodation.

Oh My Cod is a thriving and highly lucrative business which represents an ideal purchase for an ambitious and enthusiastic owner operator who can enjoy the lifestyle and profits a business of this stature generates, quite literally on a daily basis. Our client also informs us that there is potential to live above the business in one of four self-contained flats, for an additional rental fee.

There are many areas for growth including increased hours as the shop currently closes at 21.00 daily with only 6 days trading currently. The business has the capacity and space to easily add delivery service and pizza. The shop also has plenty of space to add a sit down eating area.

The business is genuinely reluctantly only offered to the market due to retirement and deteriorating bad health.

To fully appreciate this exciting business opportunity, viewing is recommended.

WEEKLY SALES
Approximately 2,500.

ACCOUNTS
Current records and accounts can be inspected when viewing.



TRADING HOURS
Monday - Saturday 11:45 - 14:00, 16:30 - 21:00
Friday - Saturday 11:45 - 21:00

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

PROPERTY
The double fronted shop premises offer spacious, excellently presented and versatile ground floor lock-up business accommodation.

TRADING AREAS
The fully tiled sales area is light and airy creating a welcoming environment with a 3 pan gas counter range with hot display (business currently only uses 2 pans). To the rear of the property there is a well fitted preparation kitchen/ potato room which has a range of good quality catering equipment. There is also a walk-in chiller and freezer.

RESIDENTIAL ACCOMMODATION
There is residential accommodation that is currently let. Our client informs us that one of the flats could be made available with an additional rental fee.

TENURE
We are advised that the property is held on a 15 year lease which commenced in 2012. The annual rent is 17,000 exclusive (correct as advised on 05/08/15). Rent reviews are at 5 yearly intervals.

SUMMARY
This is an excellent opportunity to purchase a highly lucrative business occupying such a prime trading position. To avoid disappointment, viewing is highly recommended to fully understand and appreciate that the business offers and its future.


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