Profitable Fish & Chip Shop in Wolverhampton For Sale

Situated in a parade, main road trading position, densely populated residential and commercial area, WOLVERHAMPTON, WEST MIDLANDS

Turnover £ 3,500
Price £69,000

Features

Well Established and Profitable Traditional Takeaway Fish & Chip Shop with Scope To Develop Additional Lines

Forecourt with parking for 3 cars

SPACIOUS DOUBLE FRONTED PREMISES with tiled floor. The equipment includes 2-pan gas counter range plus additional counter, electronic cash register, 1 upright 3-door drinks fridge.

REAR PREPARATION ROOM with potoato chipper and peeler, 3 fridges, 1 deep freeze, double sink and drainer.

Staff cloakroom with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by a husband and wife team with the assistance of their son on a part time basis.

Trading Hours

Monday - Saturday inclusive - 12 noon - 2 p.m. & 5 p.m. - 9 p.m.
NO SUNDAY TRADING

Accommodation

The accommodation situated on the first floor, comprises:

2 Bedrooms (1 large double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge

Outside

Yard at rear with parking space for 3/4 cars

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 25 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: Nil payable after small business relief

THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 30 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £69,000 o.n.o plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 34,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote