Restaurant In Kings Heath For Sale

Restaurant In Kings Heath For Sale
Ref 2052

Location

This outstanding Restaurant enjoys a prominent main road (A435) location in the thriving area of Kings Heath which is approximately 4 miles from Birmingham City Centre and just 1 mile from Moseley Village and Bournville. The area enjoys high levels of footfall and is surrounded by other independent complementary retailers along with an abundance of blue chip retailers and is well served by public transport and is on one of the busiest bus routes in the UK.

Business information

Asking Price: £69,950 plus SAV
Turnover: on application
Stock: £1,000

Leasehold

Lease: 25 years
Remaining: 24 ½ years
Rent: £7,000 plus vat pa
Rates: £2,030

Business Description

Veritas Business sales are delighted to offer for sale this Restaurant which is located in Kings Heath, Birmingham. The restaurant has been trading for 4 months and the owners circumstances have now changed so reluctantly this restaurant is being offered for sale. Since ownership my client has completely renovated the premises 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 as any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and requires the help of 2 full time and 3 part time members of staff and has an average weekly turnover of between £2,500-£3,000 and that figure is rising week on week. The restaurant serves a fine selection of Indian appetizers, main dishes, chefs specials and side dishes. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. There is huge potential to increase turnover by opening on Mondays, adding an alcohol license, doing takeaway deliveries and by joining a partnered delivery site such as Just-Eat. This is a superb opportunity to purchase a fully fitted and growing business with exceptionally low rent for it’s location which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed. 
Opening Hours
 
Tuesday – Sunday – 6.00pm – 11.30pm
Monday – Closed

Ground Floor

Door to entrance hallway
Store room with shelving

First Floor

Reception area with bench seating
Gents W/C and hand wash basin
Ladies W/C and hand wash basin
Restaurant with tables and chairs to cover (54), bar area with sales counter, tall upright drinks fridge, shelving for glass storage, hand wash basin and CCTV monitor.
Kitchen comprising: 9 burner commercial range, tandoori oven, extractor unit, stainless steel wall cladding, stainless steel work surfaces, hot food cupboard, double sink, hand wash basin, 2 x chest freezers, upright fridge x 2 and storage shelves.

External

Rear parking for (2)

The property benefits from a new boiler (Biasi) and gas central heating