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Licenced Restaurant Sutton Coldfield West Midlands

Sutton Coldfield, West Midlands
Leasehold Price:
£99,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
186286
Reference
11083 / Rightbiz

Details

A fantastic opportunity to purchase a high class going concern licenced restaurant with 90 covers to two floors in Sutton Coldfield in a superb parade of shops with off road parking facilities. Operating as a steak house restaurant since November 2013 the restaurant has a turnover of around £5,500 per week with a gross profit yield in the region of 65% and run under management and with potential in an experienced owners hands to double the present income. The business is operated from premise with ground floor restaurant area having 42 covers a bar area and open plan fully fitted and equipped kitchen with disabled WC and to the first floor a further restaurant area with a further 48 covers ladies & gents WC’s and kitchen/store area. Outside there are two rear car parking spaces. The whole property is to be secured on a new lease terms negotiable and with a rent of £30,000 per year. The business is really operated under management and has a full compliment of staff who would all be willing to stay on. There is a great opportunity for an owner/worker to take this business on and increase the turnover to over £10,000 per week. The restaurant currently only opens in the evenings with scope for it to open at lunchtimes. Reduced in price for quick sale.

Listing Details
Leasehold Price: £99,950
Tenure: Leasehold
Sector: Italian Restaurants, Chinese Restaurants, Restaurants
Financials
Annual Turnover: £286,000
Key Features
  • Fully Fitted
  • Offers Invited
  • New Lease
  • Town Centre location
  • Close to Local Amenities
  • Price Reduced
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