Scroll To Top

Former Restaurant

Stourbridge, West Midlands
Leasehold Price:
£14,995
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
187501
Reference
13471 H / Rightbiz

Details

Business
Hilton Smythe is delighted to welcome to the market this former popular restaurant in Lye, Stourbridge.

The business was established in 2010 and is only now being offered to the market due to our client’s family commitments. The business has recently ceased trading, however, whilst operational yielded a healthy turnover in the region of £105,000 per annum, with a gross profit of approximately 70%.

The restaurant boasts a beautiful seating area with 130 covers. The property is fully heated with a state of the art underground heating system. Our client has spent a considerable amount of money refurbishing the property and all fixtures and fittings are included in the sale.

This is an excellent opportunity for perhaps a hands-on chef to re-establish the business; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Location
The Rose Mediterranean Restaurant occupies substantial premises, ideally located within the suburb of Lye in the town of Stourbridge, West Midlands. This investment opportunity is located on the very busy High Street and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The restaurant also benefits from good car parking facilities within the area.

Stourbridge is a large town in the Metropolitan Borough of Dudley in the West Midlands. According to the 2011 census, the town had a residential population of 63,298. The business lies in the main shopping centre with many banks and building societies, as well as independent and large retail stores.

The area of the business is very well served by the public transport system, with a bus stop directly outside the restaurant. Lye railway station is just a five-minute walk away. The area is also well served by the A-roads, with the business being situated on the A458, which links to the national A-road and motorway networks. Dudley is approximately 5½ miles away and Birmingham is 11½ miles away.

Premises
Substantial premises in an ideal trading location, briefly comprising:

Main restaurant with:

Laminate flooring.

Recessed spotlighting.
Downlighting.
Hot and cold air heating system.
Access to WCs.
Side dining area.

Bar with:

3 x points of dispense.
Chiller.
Storage for spirits etc.

Ladies, gents and disabled WCs.

Kitchen with:

6 x ring burner stove.
Tandoori oven.
Kebab spit.
Double deep fat fryer.
2 x preparation tables.
Commercial dishwasher.
Commercial freezer.
3 x microwave ovens.
Freestanding refrigerator with salad well.
Single chest freezer.

Store room with CCTV system.

Tenure
We are advised leasehold:

New lease to be agreed.
Rent: £20,000 per annum

The business is now exempt from paying rates.

Hours
N/A

Staff
N/A

Financial Profile
N/A



£14,995
Listing Details
Leasehold Price: £14,995
Tenure: Leasehold
Sector: Development Sites, Investment Properties, Restaurants
Key Features
  • Price Reduced
Video
Listing Statistics
Impressionsi: Login to view
Enquiriesi: Login to view
Interestedi: Login to view
Watchingi: Login to view
Date Ad Submitted: Login to view
Last Viewedi: Login to view
Last Updatedi: Login to view
Last Enquiry Received: Login to view
Request More Details
Or, arrange a viewing
Request More Details
Or, arrange a viewing
Contact the seller for more details, or book a viewing
Request More Details
Or, arrange a viewing
Contact the seller for more details, or book a viewing
Tip:
Be specific on the type of details you wish to receive from the seller. This, encourages communication with both yourself and the seller and makes the process smoother.
FAQ:
After my message, what's next?
The seller will be notified instantly that you have sent a message. Please note that replies made back are entirely dependable on the seller.
How will I know the seller has replied?
Once the seller has read your message and replied to you. You will be notified immediatley via email. If the seller is using an agency/broker on their behalf, then an agent will be in touch with you either via your contact number or email.

Related Businesses for Sale

Fish And Chips Shops
Take Aways Businesses
Fast Food Businesses
Hilton Smythe
Chines fast food and Resturant
Northfield, West Midlands
Chinese Restaurants
Hilton Smythe
Restaurant Kings Heath Birmingham
Kings Heath, West Midlands
Disclaimer
The data showed regarding this advert 'Former Restaurant - 13471 H / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.