inactive £70,000 - Catering, Restaurants
Price now reduced #
Enjoying all the considerable commercial advantages of its prime and much sought after position among other numerous complementary outlets in an attractive and most fashionable area of Birmingham
This is a very well established concern has earned itself a priceless reputation with visitors and locals alike for its quality of fresh food,ambience and friendly service in the course of 2 years highly successful trading. The business primarily offers a full and varied menu of classic traditional Mediterranean Cuisine (incl Tapas ) prepared freshly to order in its upper level kitchen and served in the very pleasant surroundings of a tastefully furnished and appointed in-house relaxed dining area which may accommodate some 30 + internal covers in style and comfort
“The Business ” naturally also boasts all the superbly fitted traditional free of tie licensed bar facilities associated with an establishment of this kind for all of which a strong and established regular local customer base drawn from a wide surrounding catchment area combined with all the volume of year round passing trade generated by such a high profile position results in consistent levels of turnover and profitability.
The additional fact that a full and valuable inventory of all the modern well maintained catering and ancillary fixture and fittings necessary for the successful operating of the business is to be included in the sale price also helps to make this a truly comprehensive commercial package which ought not to be missed
Run at present by the owners they have maintained and developed an excellent reputation and high degree of goodwill for any new owner over the years with the aid of an experienced and motivated team of part time assistants who would be an asset to any purchaser, this would present a marvellous opportunity for anyone with an appropriate catering or management background seeking an extremely well located, superbly equipped and locally valued licensed going concern operating in a popular and diverse service sector of consistent high demand.
The business is also one which occupies super premises which would be eminently adaptable to any number of other potentially lucrative licensed dining and hospitality styles and one which would naturally furnish any enthusiastic purchaser with ample scope for continued growth and increased profitability not least with regard to a degree of menu expansion, the possible introduction of local outside catering services, operating significantly extended daytime hours in order to exploit local demand and to generally adopting a more vigorous marketing policy for its excellent existing facilities and services.
We would therefore unreservedly recommend a viewing of a stunning commercial proposition of uncommon quality and real further development potential which only comes onto the market due to an impending Retirement and one which has consequently been very sensibly priced to ensure the earliest possible sale
Current takings are in the region of £150000 pa with profits and tremendous scope to increase. ie open more than 4 days !! The business only operates 25 hours a week … ABSOLUTE TREMNDOUS OPPORTUNITIES GOING FORWARD
Lease The premises are being offered with the benefit of a existing 8 year lease ,Rent amounts to £23500 per annum and the current Business Rates are £6000 per annum
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
All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information