Well Known Restaurant in Birmingham City Centre

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For sale £99,500 - General Retail

PRICE REDUCED ###

Operating from well fitted and presented premises, the business currently primarily offers a full and varied in-house menu of classic hot and cold food , snacks, sandwiches, lunches, side orders, pastries and beverages prepared freshly to order in its fully equipped catering facilities and served in the pleasant surroundings of an attractively furnished dining areas which may comfortably accommodate up to 80 covers.

There is scope for continued growth, not least with regard to a degree of menu and product expansion, the possible provision of local delivery and outside catering services

The business would also benefit greatly by adopting a far more vigorous marketing policy of its excellent existing facilities and services, particularly with reference to the introduction of on-line advertising and ordering in order to improve upon the already high levels of turnover and profitability it has achieved since being established in its present form some eight successful years ago by the current owner and we would strongly recommend the earliest possible viewing to avoid disappointment.

Latest news –

#Alcohol Licence granted which will allow for longer opening hours ie 7.30am -10pm , hence greater revenue and maybe extend Sunday

Financial Information

Current turnover in the region of £4000 per week + with huge scope to increase –

Lease

The premises are being offered with the benefit of a secure year lease with expiration late 2024..Alternatively a new lease may be negotiated.

Rent

The current rent stands at approximately £31500 per year.

Business Rates

We are advised that the Business Rates are £800 per month

Trading Hours

Monday to Saturday – 7.30am to 4pm;  Sunday – 11-3pm

 

Staff – 1full time and 6 part time staff

 

Property Description -split over two levels

Fitted and presented to high trade specifications throughout, these well maintained leasehold premises provide excellent and highly functional internal business accommodation which to the ground floor consists of an inviting glazed single fronted public entrance directly off the arcade into a bright and welcoming in-house and takeaway customer service and waiting area which houses a full range of modern high quality fixed and freestanding display furniture and shelving with preparation kitchen area with extraction system housing ample work surfaces, storage units, fitted sink unit and a full range of modern appliances.

The main customer service area upstairs affords to an attractively furnished and appointed in-house dining area which may comfortably accommodate up to 80covers, with further ancillary accommodation in the lower seating area consisting of all the usual washroom/WC ,Freezers ,Double Drainer and further stock storage utilisation

To the exterior, the premises are well signed and presented and afford ample and inviting display window space on to a high footfall metropolitan retail thoroughfare

 

Fixtures & Fittings

The business is well fitted throughout and a valuable inventory of equipment is to be included in the sale price circa £30000 (list available on viewing )

 

Financial (Accounts ) will only be discussed at an appropriate meeting

 

A full profile is available once a non disclosure agreement has been signed.

 

All enquiries to Kevin Stokes at kevstokes@citybusinessbrokers.co.uk City Business Brokers,111 Hagley Road, Edgbaston, Birmingham,B16 8LB Telephone-0121 452 5133   07775903332

 

All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.

Viewing Arrangements

All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business. For an appointment to view, please ring Kevin Stokes

Business Location

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