For sale £179,000 - Restaurants
City Business Brokers are pleased to market this authentic lovely Italian restaurant in Birmingham / Solihull area
This top rated restaurant is now a reluctant sale due to the partners wishes to Diversify into other opportunities
Established for 5 years this stylish 80 +cover restaurant boasts excellent reviews and appeals to locals and tourists ( NEC ) . Operates on a consistent level of turnover with still plenty of potential for growth and continued on-going cost savings. The sale includes all fixtures, fittings and equipment plus many years of goodwill .
The business would ideally suit a couple or partnership to owner run this business to maximise profit potential .
Current turnover is in the region of £9000 per week with huge scope to increase .
The premises are being offered Leasehold and we are advised the rent amounts to £40000 pa and business rates payable currently stand at approximately £16500 per annum
Trading hours 7days 12-10 pm & Sunday 12-9pm Staffing levels are 5 full time and 3 part time
Reason for sale – Increasing Work Commitments
PROPERTY DESCRIPTION Fitted and presented to high trade specifications throughout, this substantial and well maintained two-storey freehold character corner premises provide excellent and highly functional internal business accommodation to the ground floor which briefly comprises an inviting double-fronted public entrance directly off the main streets into a welcoming customer service and Lounge bar area with prominent menu board which houses a large glass-fronted refrigerated delicatessen-style food display and electronic till/food ordering point, chilled drinks display units, modern coffee machine and small open preparation area The main customer service area, in turn, affords feature open archway access through to an attractively furnished and fully licensed restaurant and bistro dining area which may comfortably accommodate up to 80+ covers for the provision of a full and varied menu of classic Italian food
Main points to note
# A prime trading position # Stylish 80+ -cover # Good consistent levels of turnover on 7 day week , Average spend per head £33 .. recently had a £150000 refurbishment Plenty of Potential #
# Long established reputation and regular customer base # Lots of year-round passing trade benefits #Huge scope for outside catering and increased hours seven day trading etc # Valuable inventory of equipment included # Adaptable to host of alternative licensed hospitality styles
# Priced for quick genuine sale # Early viewing essential
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 telephone 0121 452 5133 /07775903332
Library image used .