Leasehold Indian/Pakistani Restaurant & Pizza Takeaway Located In Hall Green

Leasehold Indian/Pakistani Restaurant & Pizza Takeaway Located In Hall Green
Two Self Contained Flats Above Producing Rental Income Of £20,400 PA. Accommodation Above 
Front Pergola Restaurant With Retracting Roof
50 Seater Restaurant
Potential For Shisha
Ref 3073

Asking Price £90,000 plus SAV (3,000)

Location
Veritas Business Sales are delighted to offer to the market this respected Indian/Pakistani Restaurant & Pizza Takeaway which is located in Hall Green, Birmingham. Situated within a prominent and highly visible trading position on a small parade of shops where Highfield Road meets the very busy (A34) Stratford Road. Adjacent you have The Bull’s Head public house and close by is Waitrose Supermarket and Aldi Supermarket both of which bring high levels of passing footfall to the area. Hall Green is well serviced by public transport and is densely populated with residential properties. Birmingham City Centre is (6 miles) away and Solihull Town centre just (3 miles).

Business Description
Veritas Business sales offer to the market this outstanding Indian/Pakistani Restaurant & Pizza Takeaway which is located in Hall Green. There has been a restaurant trading in these premises since 1993 and our client purchased and transformed this into what you see today 18 months ago. He is now offering the business for sale due to other business commitments requiring his attention.
Since ownership they have totally refurbished, redecorated and invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Rajput is overseen by the owner but operated by a team of 5 full time members of staff and has an average weekly turnover of £3,000. Approximately 70% of turnover comes via the online delivery portals and their own website and the remaining 30% is sit in restaurant trade. The menu offers a fine range of Indian & Pakistani dishes and authentic Italian cuisine, to include pizzas. All can be accompanied with a selection of hot & cold drinks to include mocktails and can be enjoyed within the cosy (30) cover internal restaurant or the (20) cover external seating area which has the benefit of a retractable roof. The restaurant has built a reputation where all meals are freshly cooked to order using only the finest high quality produce.
We believe that there is further potential to increase revenue should you wish, by adding shisha and the restaurant has the benefit of an alcohol licence but for religious reasons they do not utilise it. Adding alcohol sales would easily double the current turnover. 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 a newly fitted turnkey restaurant with further potential which is a great base to build upon and as such early viewing is highly recommended.

Restaurant Opening Times
Monday – Sunday – 14:00 – 22:00

Leasehold
Term: 15 years
Remaining: 13 ½ years
Rent: £40,800 pa to include 2 flats
Reviewed: 5 yearly
Rates: £3,000 pa

Ground Floor
Restaurant comprising: tables & chairs to cover (30), air-conditioning unit, air-conditioning unit/hot air blower, open plan counter with open view of the kitchen, 2 x 2 door undercounter drinks fridges, condiments/cutlery table, bar area with EPOS till system, worktop, plate warmer (GGM gastro), ice maker (Bar-line), sink and blender (Buffalo).
Customer toilets with W/C, wash basin, vanity unit, wall mounted mirror and wall mounted hand dryer. Hallway with wash basin, vanity unit, wall mounted soap dispenser, wall mounted mirror and wall mounted paper towel dispenser.
Kitchen comprising: marble top pizza prep counter with 3 door undercounter fridges (Ecofrost), dough roller, 3 x stainless steel tables, gas bread oven (Rotaquip), gas chargrill, dual deep fat fryer (Empire), 6 burner range, 2 x wall mounted metal spice racks, extraction canopy, pizza topping counter with 3 door undercounter g (Gastro-line), commercial microwave (Samsung), marble pizza prep worktop with undercounter fridge and 7 x draws, TV monitor for orders, pizza oven (Prismafood), 2 x large gas burners, wash basin, wall mounted soap dispenser, wall mounted paper towel dispenser, stainless steel sink drainer with directional hose, boiler (Baxi) and insect zapper (Aspectek).
Dry stores with stainless steel table with can opener, small chest freezer (Fridgemaster), 2 x storage units and wall mounted metal shelf.
Storeroom with chest freezer (Combi-steel), upright metal freezer (Adexa), dough mixer, low table with 2 x flour storage containers and wall mounted shelf. Storeoom with 2 x storage racks, chest freezer, upright freezer, walk-in cold room with storage racking.
Hallway with rear exit door, stainless steel sink drainer, 2 x stainless steel tables and 2 x stainless steel storage units.
Staff W/C with wash basin and wall mounted hand dryer.
Self contained rear door with hallway and stairs leading to the accommodation above.
Commercial EPC Rating B

External
Frontage with pergola restaurant to cover (20) with retractable roof. Rear yard with covered bin store and parking for (1).

First Floor
Lounge/kitchen. W/C with wash basin. Hallway with storage cupboard. Single bedroom with shower. Stairs leading to the second floor (sub-let producing income of £10,800)

Second Floor
Double bedroom. Lounge/kitchen. Bathroom with bath and electric over bath, W/C and wash basin. (sub-let producing income of £9,600)
Domestic EPC rating D

The flats are let and producing a combined rental income of £20,400 pa to include bills