Leasehold Indian Restaurant Located In Kings Heath

Leasehold Indian Restaurant Located In Kings Heath
30 Seater Restaurant
Licensed
Ref 3055

Asking Price £49,950 plus SAV (£4,000)

Location
This Indian Restaurant is located in Kings Heath, Birmingham. Situated within a prominent and highly visible trading position on the busy (A435) High Street. The immediate area offers an abundance of retail businesses, restaurants and residential properties, all of which brings decent levels of footfall to the area. Birmingham city centre is (4.3 miles) away.
Business Description
Veritas Business Sales are privileged to offer to the market this leasehold Indian Restaurant which is located in Kings Heath. There has been a restaurant operating from these premises for many years and our client transformed this into what you see today 10 weeks ago. They are now offering the restaurant for sale due to other business commitments requiring their attention.
Since ownership they have undertaken refurbishment, redecoration and they have 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. Punjabi Dhaba is owner operated with the help of 3 full time and 2 part time members of staff and has an average weekly turnover of circa £3,000. Approximately £2,300 is from the restaurant and bar, with the remaining £700 deriving from deliveries via Just Eat & Book it. They serve speciality Punjabi dishes which are freshly prepared to order and can be enjoyed within the relaxed and cosy restaurant.
We believe that there is potential to increase trade should you wish by extending the current opening times and trading daytime as cafe. The business in a short time has built 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 fully fitted restaurant where all the hard work has been done, which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday – 17:00 – 23:00
Tuesday – closed
Wednesday – Sunday – 17:00 – 23:00

Leasehold
Term: 6 years
Remaining: 5 ¾ years
Rent: £17,000 pa
Rates: zero

Ground Floor
Restaurant comprising: tables & chairs to cover (30), bar area with Cobra beer tap, 3 door undercounter fridge, shelving for glasses & spirits storage, hot cupboard (Victor), undercounter fridge (igenix), undercounter fridge (Fridgemaster), ice machine (Silver Crest), stainless steel sink drainer, additional shelving and stairs leading to the first floor.
Customer W/C with wash basin, mirror and wall mounted hand dryer.
Commercial kitchen comprising: stainless steel double sink, metal draining rack, dual deep fat fryer (Adexa), stainless steel table with 2 x shelves and commercial can opener, 2 x stainless steel tables with 2 x shelves above, undercounter fridge (Kenwood), tandoori oven (Shaan Tandoori), 7 burner Indian cooker, extraction canopy, saladette with 3 door undercounter fridge, 2 x wall mounted metal shelves, commercial microwave (Electriq), stainless steel upright freezer (Williams), stainless steel fridge (Polar), CCTV monitor (4 camera system),and side exit door.

First Floor
The first floor consist of 3 rooms, hallway with storage cupboard, toilet and bathroom with a combination boiler (Biasi). Some modernisation is required but it could make decent two bedroom accommodation.
The property benefits from UPVC double glazing and gas fired central heating

External
Rear yard with plastic storage unit. Rear parking for (4). Shared side entry.
EPC Rating D