Leasehold Fried Chicken Restaurant & Takeaway, Stratford Road, B90

Leasehold Fried Chicken Restaurant & Takeaway Located In Shirley, Solihull
Prominent Trading Position
Turnkey Business
Ref 3155

Asking Price £125,000 plus SAV (£3,000)

Location
This respected Fried Chicken Restaurant & Takeaway is located in Shirley, Solihull.

Business Description
Veritas Business Sales are privileged to offer to the market this busy Fried Chicken Restaurant & Takeaway which is located in Shirley, Solihull. The business has been established for 6 years and is now being offered for sale due to other business interests requiring their attention.
Since ownership they have refurbished, redecorated and invested in brand 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. The business is overseen by the owners but operated daily by a team of 4 full time & 2 part time members of staff and has an average weekly turnover of £11,000-£12,000. Approximately 60% of turnover is in store with the remaining 40% deriving from the online delivery portals. The franchise is not for sale so this will need to be rebranded.
We believe that a more hands on owner operator would enhance turnover. 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 a thriving restaurant & takeaway with further potential which is a great base to build upon and as such early viewing is highly recommended.

Leasehold
Term: 10 years
Remaining: 4 years
Rent: £24,000 plus vat pa
Service charge: £1,500 pa
Business rates: £8,000 pa

Further details on application