Freehold Chip Shop With Large House For Sale Wolverhampton, West Midlands, United Kingdom Advert ref: FC876K Business description
This business is a traditional fish and chip shop with the addition of kebabs, the turnover is currently around £1,000 per week, but the overheads are very low. We understand the turnover was over twice this amount until a new shop was opened about a mile away, with all modern equipment and a much larger menu.
Understandably a certain amount of custom was lost to this new business, because the public will travel by car to obtain what they want, but they would almost certainly return to a more local shop if it offered the same choices.
The owner had plans to introduce the necessary changes to recover the lost trade, which included renovating the shop and extending the menu, but after having operated the business for 20 years has now decided to sell rather than invest more money into the business.
This creates a great opportunity for new owners to make changes as they would like them and the business is priced accordingly.
Houses with similar accommodation would attract figures around the asking price, without the opportunity of making good money from the business and if new owners did not need to live in the property, the living accommodation would attract a substantial rent.
The house is surprisingly large with a good garden, and is an ideal family residence, it is generally in reasonable condition and the property appears to be sound.
Years established: twenty years with the current owner
Employees: One person can run the shop at present
Trading hours: midday to 2.00pm and 4.30pm to 11.00pm Mon to Sat
Home based: This business can be run from home.
Property: Freehold
Living accomodation
The property consists of a large house with a side garage, a good sized garden and a rear extension. The original front room of the house and been expertly converted into the shop and between the garage and the shop there was a side entrance which has been converted into the preparing room, to the rear of the garage is the potato room and the garage is mainly used for storage.
The house has a very large well fitted kitchen which combines as a dining room, a large laundry room, a downstairs toilet and a shower, plus two large reception rooms, one in the extension, and three big double bedrooms, all of which have fitted wardrobes.
The garden is easy maintenance as it is mainly laid to grass, with a patio immediately behind the house and is ideal for a family.
Location
This business is located in the centre of a large residential area of Tettenhall in the West Midlands, which is approximately one mile from the centre of the City of Wolverhampton, in a long established densely populated area of the City and on a main through road, the road is also a major bus route.
Expansion potential
There are many ways this business could be expanded and improved
Competition / Market
None very close.
Support & training
Any required
Reasons for selling
The owner has operated this business for twenty years and now wants a change and to move abroad
Financing available
Finance should be available on this property
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| | Financial details Asking price: £250,000
Sales revenue: Undisclosed
Net profit: Undisclosed
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed |
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