Profitable Fish And Chip Shop In Walsall Reduced For Sale

Business description

The particular highlights of the business are:

- The owner may be prepared to accept staggered payments.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £365,000 with a net profit of £125,000 (see financial summary below).
- A business with great potential which has not been exploited because the owner wishes to retire.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or experienced caterers.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides fish and chips, café and lunches, evening meals and deliveries.

History
Agents are delighted to place onto the market quality, profitable café/fish and chips shops which has been established since 2000. The business has been in the hands of the current owner since 2010 and now wishes to sell due to retirement.

Services
This very good business opportunity provides fish and chips, café and lunches, evening meals and deliveries.

Staffing
The concern employs 4 part-time staff. The wages are £25,000 pa.

Owners Role
The owner and his wife are involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
As far as competition is concerned there is another similar business up the road, but is very small.

Market
The client base consists of locals, regulars, and some passing trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include more foods including pizzas.
• Increasing the opening hours to include evenings to 11pm and Sundays.
• Working more hands on and saving on wages.
• With the introduction of a website and e-commerce.
• With an enhanced website.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

The present annual turnover is £364,000 with a gross profit of 70% and a net profit of £125,000. The wages are £25,000. The present value of the stock is £1000.
The potential turnover of the business within the next 2 years is forecast to reach £450,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note we do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. We will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by us who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Location:

- Situated in the Wednesbury area of Walsall in West Midlands.
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- Industrial estates nearby and a large retail park with major retailers.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic.
- Commercially thriving area.
- Well linked with the local A roads – junction 9 of M6.
- Area enjoying much growth and regeneration.
- Excellent local demographics for this type of area.

Premises details:

The property is detached and is approximately 40ft x 50 ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled. It is very well presented and is very conveniently laid out. All fixtures and fittings are brand new. There is under floor heating. The café / restaurant has 50 covers. The customer service point is to the front. There is an overhead menu. There are customer toilets.

To the rear is. There are toilets, staff facilities and a fully equipped kitchen.

First Floor
On the first floor there is an empty space.

External
To the front there is a car park.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:

• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include more foods including pizzas.
• Increasing the opening hours to include evenings to 11pm and Sundays.
• Working more hands on and saving on wages.
• With the introduction of a website and e-commerce.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there is another similar business up the road, but is very small.

Reasons for selling:

wishes to sell due to retirement.

Trading hours:

Monday to Saturday: 7.00am - 8.00pm.
Sunday: Closed

Employees:

The concern employs 4 part-time staff. The wages are £25,000 pa.

Years established:

11years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£180,000 (included in the asking price)

Inventory / Stock value:

£1,000