Leasehold Vegan & Vegetarian Indian Restaurant Located In Birmingham

Leasehold Vegan & Vegetarian Indian Restaurant Located In Birmingham
Ratings / Facebook 4.6 / TripAdvisor 4.0 / Just Eat 4.0
Ref 2788

Location
This respected Vegan & Vegetarian Indian Restaurant & takeaway is located in Handsworth, Birmingham. Situated within a prominent and highly visible trading position on the (A41) Soho Road. The area is very busy and is surrounded with an abundance of other retail shops to include some large blue chip retailers. West Bromwich Albion Football Club is (1.6 miles), the M5 Motorway (2.5 miles) and Birmingham city centre (2.1 miles).

Asking Price: £149,950 plus SAV (£4,000)

Business Description
Veritas Business Sales are delighted to offer for sale this very busy Vegan & Vegetarian Indian Restaurant which is located in Handsworth, Birmingham. The business was established by our client in 2014 and is now offered for sale so that our clients can enjoy a well deserved retirement.
Since ownership they have refurbished, redecorated and invested in new equipment, along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated with the help of 3 full time kitchen staff and 3 part time front of house staff members. The average weekly turnover is £7,000-£7,500 where most of the trade is sit down within the restaurant and approximately £1,000 comes from the delivery portals Just Eat and Deliveroo. They also offer outside catering for private functions. The menu offers a fine range of Indian starters, platters, main courses, soya dishes, traditional veg dishes, accompaniments, indo dishes, dosa, pizzas, Mexican wraps, burgers, sides, children's menu and soft drinks. All meals are freshly prepared on site to order using only the highest quality produce and can be enjoyed in the restaurant or taken away.
We believe that there is further potential to increase trade by the addition of an alcohol license, extending the opening times and trading lunchtimes on weekdays and by implementing an advertising and marketing campaign. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established food business which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday – Friday – 5:00pm – 10:30pm
Saturday – 12:15pm – 10:45pm
Sunday – 12:15pm – 10:30pm

Leasehold
Lease term: 11 years
Remaining: 3 years
Reviewed: 3 yearly
Rent: £21,600 pa
Rates: £6750

Ground Floor
Restaurant comprising: vestibule entrance porch and separate entrance door, customer seating area, serve over sales counter, bar area with 2 x 2 door undercounter fridges (Polar), undercounter freezer (Hotpoint), stainless steel sink drainer, storage shelves, ice machine (Polar), glass washer (Buffalo), storage shelves for glasses, waffle maker (Kukoo), restaurant area with tables & chairs to cover (85), hot cupboard with cutlery area on top and 2 x baby high chairs.
Disabled W/C with wash basin.
Gents W/C with urinal, wash basin and wall mounted hand dryer.
Ladies 2 x W/C’s, 2 x wash basins and wall mounted hand dryer.
Commercial kitchen comprising: stainless steel double sink drainer with directional hose, metal storage shelving, 2 x stainless steel wash basins, wall mounted metal plate rack, 2 x saladettes with 3 door undercounter fridges, 3 x stainless steel tables, 2 x microwaves, small freezer, 2 x stainless steel fridges (Polar), pizza oven (Zanolli), extraction canopy, 2 x dual deep fat fryers (Pitco), 5 burner Indian cooker, griddle (Ozti), tandoori oven, large single gas burner, spice gantry, stainless steel worktop with undercounter fridge (Polar) and rear exit door.

Basement
Storeroom with stainless steel upright freezer (Polar), 2 x stainless steel upright fridges (Foster), 2 x chest freezers, upright freezer (iarp), 6 x storage racks, combination boiler (Potterton) and rear exit doors.
Staff W/C with wash basin and staff changing area.
Staff W/C with wash basin and shower cubicle.
Storage area with shelving and washing machine.
Hallway with storage racking.
Storeroom x 2.
Office.

External
Front off road parking for (4). Small rear yard with bin area.