West Midlands Sparkling Chinese Takeaway Leasehold For Sale

Business description

Chinese Takeaway established since 2004 in Great Barr area of Birmingham. It's a family run business situated in a row of shops. A brand new Tesco supermarket is being built less than 1/4 a mile away on the same road, this will bring even more passing trade to the takeaway.

All fixtures, fittings, layout and finishing are to a very high standard. The counter area was designed and installed by an interior design company. The look and feel of the shop is very attractive, clean looking and spacious. There is nothing in the same league in the vicinity.

Over 60% of the shop's orders come through the delivery service. Current opening hours are 5pm to 11.30pm 7 days a week.

Total floor space is 63.8 meter squared which is broken out as follows:
- Front of shop – 7.50 meter squared
- Kitchen - 22.20 meter squared
- Back preparation room - 30.90 meter squared
- Staff toilet

The immediate area is densely populated with young professionals, families and older couples. The area benefits from low levels of crime and is 10 mins from two major motorways (M5 J8 and M6 J7) and 5 mins from a Newton Road (A4041). The takeaway sees passing trade as well as loyal customers.

The takeaway holds a 2009 Gold Star Good Hygiene Award from Sandwell Council and has a solid reputation within the local area.

The shop comes with private parking through gated rear parking lot. Immediately outside of the shop is a small area for half a dozen cars to park. A security camera has been fitted within the premises to give staff view of counter area. The shop has electric shutters.

Prospective buyers will need to provide contact details for our solictor to obtain the following references when making an offer:
- 1 x bank reference
- 1 x trade/supplier reference (only if currently owns a business)
- 1 x landlord reference (only if currently owns a business)

The lease includes A3 planning permission which is not restricted to it being a chinese takeaway business, the premises could be turned into an indian takeaway or kebab/pizza shop or anything similar.

Property information

Property:

Leasehold

Lease terms:

Renewable 5 year lease. The lease was recently renewed for a second term. Lease start date is 1st December 2009 to 1st November 2014.

Lease includes a break clause which gives leaseholder the right to terminate lease without any financial penalties, provided three months notice is given. More details can be provided on request.

Landlord is Sandwell Council.

Annual rent is £6,500 which is paid in advance (quarterly payments).

Business rate for property £804 (this includes a 50% small business rate relief discount). Water charged at £1,040 (non metered).

Leasehold rent:

£6,500 per annum

Living accommodation:

No accommodation is included with this sale.

Location:

Great Barr in Birmingham. 10 mins from two major motorways (M5 J8 and M6 J7) and situated 5 mins from a Newton Road (A4041).

Premises details:

Leasehold.

Furnished to a very high standard. Over £60,000 was invested into extending the building and kitting out the unit with top of the range extraction fan, full electrical rewire and kitchen equipment.

Size in square feet:

64

Other information

Expansion potential:

60% of current trade is from delivery orders within a 3.5 mile radius. Business run by husband & wife team, one kitchen helper, one full time counter person and a delivery driver.

Currently the business markets itself through inserts into local newspapers (every quarter) within a catchment area, being listed on Yell.com, Google and taking orders over the internet.

Business could be made by opening at lunctime to tap into further trade.

Planning consent:

A3

Reasons for selling:

Owner and wife now in their 50's and 60's and want to retire to be nearer their children in central London. This is the second takeaway business they've sucessfully set up, the last one ran for 15 years and it's now time to move on.

Trading hours:

Licence to open at lunchtimes and from 5pm to 00.15am 7 days a week.
Current opening hours 5pm -11.30pm 7 days a week

Furniture / Fixtures value:

£25,000 (included in the asking price)

Inventory / Stock value:

£2,500 (included in the asking price)

Website:

www.goldenbowlchinese.com

Related documents:

• 
• Fixtures and fittings list