| (REF: 1613) Highly Lucrative Takeaway, Birmingham |
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| Seller Reference: |
1613 |
| B4S Reference: |
16847 |
| Asking Price: |
£54,950
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| Net Profit: |
£40,000 |
| Sales Revenue: |
£130,000 |
| Number of Staff: |
5 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Birmingham, West Midlands County, |
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The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £130,000 with a net profit of £40,000. (See financial summary below.
- A business with great potential which has not been exploited because of limited marketing activities and investment in a home delivery service.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this very profitable take away which has been established since1998. The business has been in the hands of the current owner since 2009 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides chicken, kebabs, pastas, salads, burgers, wraps, fish & chips and soft drinks.
Staffing
The concern employs 5 staff. 3 are full time and 2 are part time. All staff would stay on after a sale.
Owners Role
The owners role is Managerial and he works two days per week at this establishment.
Marketing
The owner has not implemented any marketing strategy and this is an area of great potential to develop the business.
Competition
As far as competition is concerned there no other takeaways of this nature in the immediate area with only Indian and Chinese being close by.
Market
The client base consists of locals and by passers .
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 seating area to serve more meals on the premises.
Becoming more efficient with staffing levels.
Working more hands on hours and saving on wages.
With the introduction of a website and e-commerce.
Invest in a home delivery service.
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.
Property Details
The property is terraced and is part of a parade of shops and the servery and shop floor area is approximately 600 sq ft. The front is branded with an attractive glass front. There are manual shutters. The main customer service area is tiled. It is well presented and is very conveniently laid out.
The café/ restaurant has 4 covers. The customer service point is to the left. There is an overhead menu.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen/preparation area and an outside store room.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price.
First Floor
On the first floor there is an apartment with independent access and is not included in the lease.
External
To the front there is the main entrance from a busy pavement.
To the rear there is a paved courtyard and small store room.
Financial Details
The present turnover is £130,000 per annum with a net profit of £40,000. The present value of the stock is £SAV.
The potential turnover of the business within the next 2 years is forecast to reach £200,000 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.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 20 years with 19 years remaining. The rent is £7,800 pa with a review in 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £800 pa. |
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Living Accommodation: |
No |
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Location: |
- Situated in the Aston area of Birmingham situated between the city centre and Villa Park.
- Prominent location on main arterial road
- Part of a parade of shops
- Industrial and retail estates nearby
- Surrounded by densely populated residential area with schools and other local amenities.
- Area offers good lifestyle
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area
- Well linked with A41 and A34 and on the very busy and bustling Villa Road.
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As far as competition is concerned there no other takeaways of this nature in the immediate area with only Indian and Chinese being close by. |
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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 seating area to serve more meals on the premises.
Becoming more efficient with staffing levels.
Working more hands on hours and saving on wages.
With the introduction of a website and e-commerce.
Invest in a home delivery service.
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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.
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They now wishes to sell due to other business interests. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Thursday: 11.00 am to 24.00. Friday to Saturday: 11.00 am to 01.00 am. Sunday: 11.00 am to 23.00 pm |
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The concern employs 5 staff. 3 are full time and 2 are part time. All staff would stay on after a sale. |
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