Restaurant/cafe for sale in Illeybrook Square, Quinton, Birmingham B32

£139,950
Business for sale

Property description

Ref 6224 – Leasehold Chinese, Fish & Chips Takeaway
Blacks Brokers are pleased to bring to the market this leasehold Chinese takeaway located in a busy and much sought-after area of Woodgreen, Birmingham.


Introduction


Valley Spice has been trading from Illeybrook Square since1991 with our client in ownership since opening. The business has established a large, repeat customer base and a superb reputation, with plenty of excellent Google and Yell reviews.


Location


Situated close to a well populated residential area within a high footfall parade of shops, the business benefits from lots of local trade and some additional passing trade. The area is well linked by the M6 and public transport links are excellent. Free parking is available immediately to the front and rear of the shop. Neighbouring businesses are non-competitive and there is a popular public house next door.


Reason for sale


The business is only being offered for sale due to retirement.


Lease


The building is available on a competitive rent on a Full Repair and insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is fifteen years with rent reviews every five. The current lease began in 2010 at a cost of £240 per week.


Building layout and design


Valley Spice is positioned within a spacious, single storey retail property with metal security shutters fitted and bright signage displayed above a fully glazed frontage. Inside, the customer servery and waiting area is presented nicely with tiled walls and flooring and a large, stainless steel counter with display warmers. To the rear of this servery is a fully-equipped kitchen with six-ring burner, three-pan fryer, fridges, freezers and much more. There is also a preparation room, two stock rooms and a staff toilet. At the rear of the property is a loading bay and delivery access.


Staff


This is a family run business and therefore no staff will be transferred with the sale of the business. Our client is working within the takeaway on a full-time basis.


Financial details


Valley Spice has traded solidly during the last 30+ years. The business generates an annual turnover of £114,073 (Audited 31. May 2017) with gross profits of £65,493 (Audited 31 May 2017). Full financial details are available upon viewing.


Summary


This leasehold, family run business has a long and impressive trading history in place and an excellent reputation. There is plenty of scope to develop the business further with the introduction of home delivery, an online presence with ordering system and partnerships with websites such as Just Eat and Hungry House. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £139,950.

Please quote ref: 6224

Nearby transport

  • Selly Oak (2.5 miles)
  • University (Birmingham) (2.5 miles)
  • Northfield (2.6 miles)
  • Birmingham International Airport (10.4 miles)
  • Coventry Airport (22.3 miles)
  • East Midlands Airport (38.8 miles)
  • Sharpness Old Docks (53.8 miles)
  • Lydney Harbour (55.1 miles)
  • Bristol Docks Ferry Landing (71.6 miles)

Nearby schools

View all schools in Birmingham
  • Nonsuch Primary School (0.2 miles)
  • St Peter's Catholic Primary School (0.5 miles)
  • Woodgate Primary School (0.5 miles)
  • Mander Portman Woodward Independent College (3.6 miles)
  • Reach School (4.3 miles)
  • Future First Independent School (4.5 miles)
  • Bartley Green School (0.4 miles)
  • Hillcrest School A Specialist Maths and Computing College and Sixth Form Centre (0.5 miles)
  • King Edward VI Five Ways School (0.7 miles)
Note: Distance is shown as a straight line measurement

Local info for Birmingham

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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