Fish & Chip Shop In Wednesfield Near Wolverhampton For Sale Wednesfield, West Midlands, United Kingdom Advert ref: FC868K Business description
This business offers traditional fish and chips, kebabs, pies, sausages, southern fried chicken etc, plus cold drinks, but no pizzas, so this is an area waiting for expansion. The shop is a quite large, with plenty of room for waiting customers; it is in good decorative condition and well equipped including a three pan cooking range, which is divided with two pans on one side of a central serve over counter. There are three kebab units and a three pan Bain Marie for the kebabs, plus a southern fried chicken cooker and dedicated glass topped display unit. To the rear is a large preparation room and separate potato room and on the first floor is a two bed roomed flat. This is a very busy shop with full accounts showing good profits and we understand the current turnover is even higher than shown on the latest account. THIS IS A VERY PROFITABLE BUSINESS The current owner has been running this business for many years and has always made a good profit. We have accounts going back to for 2003, which show a turnover of £243,006 and a declared net profit of £72,946 but with items that can legitimately be added back to the profit would raise it to around £76,000. 2006/7 accounts show turnover of £198,897 (£3,825 a week) with an adjusted net of £66,000, however we are advised the current takings are now around £5,000 a week but the turnover can be as high as £6,500 a week. Having the flat above is also a valuable asset; this is currently occupied by the owner and his wife, but could be sub-let for a good rent.
Years established: long established business
Employees: owner and upto five part time assistants depending on the day of the week
Trading hours: 11.45am to 2.00pm and 4.30pm to 10.00pm , closed Sunday lunch time.
Property: Leasehold
Lease terms
17 years left on the lease, rent £15,000pa
Living accomodation
Although it is not extensive, the flat is perfect for a small family, with a decent sized lounge, one big double bedroom and one single bedroom which could probably be used for two young children. There is a large front facing kitchen and a bathroom with a bath and toilet.
Location
In a crescent of shops in a large residential area
Expansion potential
Still areas to expand
Competition / Market
None locally
Support & training
Any required
Reasons for selling
The owner wishes to return to his homeland
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| | Financial details Asking price: £290,000
Sales revenue: £200,000
Net profit: £75,000
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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