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Established Fish & Chips/ Takeaway In Oldbury For Sale

Oldbury, West Midlands
Asking Price:
£115,000 Furniture / Fixtures included
Sales Revenue:
£260,000
Cash Flow:
Available on request

Taken Over By Our Client in 2015
Annual Turnover £260,000
Gross Profit £169,000
Closed On Sundays
Strong Online Presence
EPC - D

REF 5944 – Leasehold Fish & Chips/Takeaway With Accommodation

Blacks Brokers are proud to bring to the market this leasehold fish and chips shop and takeaway with accommodation located in the much sought-after area of Oldbury, West Midlands.

INTRODUCTION

Chip & Whale has been trading on Dudley Road West for over 25 years, with our client in ownership since 2015. The business is well-renowned for top quality fish and chips, pizzas and other takeaway choices at competitive prices and even offers delivery. During this impressive trading history, the business has firmly established itself within the local community, having gained a large customer base and superb reputation.

LOCATION

Chip & Whale is positioned on a busy main road in a densely populated residential area, parking is available directly outside with a selection of other complementary businesses close by.

REASON FOR SALE

Chip & Whale is only being offered for sale as our client under estimated the demand for the business and it has now become of a size that would suit a team of people rather than a single hands-on owner operator.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 19 years with rent reviews every 3 years. The current lease began in 2015 at a cost of £12,500 per annum.

BUILDING LAYOUT AND DESIGN

Chip & Whale is housed within the ground floor of a mid-terraced property within a parade of shops and residential properties. The business has striking signage and branding on display above a fully glazed frontage. Inside, the main customer servery and waiting area is well presented and overlooks a large, stainless steel servery counter with electronic menus displayed above. To the rear is a large preparation area and very well-equipped kitchen complete with pizza ovens, donner machines, chipper, rumbler and much more.
The first floor houses a small, one bedroom accommodation with shower room.
All areas are presented well..

STAFF

Chip & Whale is currently operating with only our client in employment.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Chip & Whale has traded solidly over its trading history. The business generates weekly takings of £5,500 with gross profits of 65%-70%.

SUMMARY

This leasehold business has been trading for many years and is well loved within this community offering a good range of menu choices. There is plenty of scope to develop the business further with the re-introduction of Sunday opening and a large marketing drive. 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-THU: 12:00 - 14:00 / 14:40 - 22:30
FRI & SAT: 12:00 - 22:30
SUN: CLOSED

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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