Leasehold Fish & Chip Restaurant & Takeaway Located In Cotteridge, Birmingham
High Turnover Business
Established Business
Ref 3087

Asking Price £380,000 plus SAV (2,000)

Location
This outstanding Fish & Chip Restaurant & Takeaway s located in Cotteridge, Birmingham and borders on the affluent area of Bournville. Situated within a prominent and highly visible trading position on the Pershore Road South. Its part of a parade of shops set back within a slip road and is surrounded by other complimentary businesses and Kings Norton train station is just a stones throw away. All of these factors bring high levels of footfall to the area.

Business Description
Veritas Business sales offer to the market this respected Fish & Chip Takeaway which is located in Cotteridge. The business has been in the careful hand of the same family since 1989 and is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership there has been continual investment in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Sophie's Choice is owner operated with the help of 2 full time and 8 part time members of staff and has a high weekly turnover. More details on application. Approximately 65% of turnover is walk-in & restaurant trade and the remaining 35% derives from the online delivery portal Just Eat and the owners own portal via their integer EPOS system. The split between Just Eat & integer is 60:40 and integers commission is only 4% as opposed to 14% from Just Eat. The menu offers a fine range of fish & chips, southern fried chicken, kebabs, pasties, pies, sausages, savouries, burgers, condiments, and cold drinks.
We believe that there is further potential to increase revenue should you wish, by developing the land at the side and extending the restaurant. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a fantastic opportunity to purchase a high turnover business which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday - Saturday - 12:00 - 22:00
Sunday - 17:00 - 22:00

Leasehold
Term: 25 years
Remaining: 21 years
Rent: £20,000 pa
Reviewed: 5 yearly
Rates: £700

Ground Floor
Restaurant & Takeaway comprising: tables & chairs to cover (20), 16 menu boards, upright drinks fridge, 4 pan range with 3 x chip boxes and 2 x scraps boxes (Preston & Thomas), stainless steel sales counter with EPOS till & cash draw, saladette with marble worktop and 2 door undercounter fridge (Hoshizaki), 2 x two slice toasters, stainless steel table, 2 x 3 pot wet bain-maries, 5 x single kebab machines (Archway), kebab meat shaver, 2 x kebab meat catchers, long stainless steel table, extraction canopy, griddle (Archway), chargrill (Arris), stainless steel worktop with 4 door undercounter fridge (Blizzard), 1850 watt microwave (Samsung), metal shelf, stainless steel table with wash basin, stainless steel worktop with 4 door undercounter fridge (Foster), stainless steel worktop with 3 door undercounter fridge (Foster), 2 x EPOS tills with cash draw, insect zapper, hot water urn (Swan), stainless steel fish fridge (Caravell), stainless steel table and staff lockers and combination boiler (Prestania).
Staff W/C with wash basin and wall mounted paper towel dispenser.
Prep room comprising: dishwasher, stainless steel table, microwave, stainless steel double sink with directional hose, 2 x metal shelves, vegetable cutter, walk-in cold room, chicken fryer (Henny Penny), breading table, fat filtration machine (Merlin) and storage unit.
Chipping room with potato storage area, stainless steel worktop with 2 door undercounter fridge (Sterling Pro), stainless steel table, batter mixer (Bold), chopping board rack, knife rack, potato chipper (Bold), potato peeler (Bold), 3 x plastic chip bins, insect zapper, wash hand basin and wall mounted paper towel dispenser.
Small hallway with rear exit door and walk-in freezer room.

External
Rear service road with bin area, 2 x garages and parking for (1). Frontage with space for external seating.

EPC Rating C

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

No longer on the market

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