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Classic Restaurant in Great Western Arcade , Birmingham

Birmingham, West Midlands
Leasehold Price:
£59,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
215936
Reference
victapr18KS / Rightbiz

Details

Operating from well fitted and presented premises, the business currently primarily offers a full and varied in-house menu of classic hot and cold food , snacks, sandwiches, lunches, side orders, pastries and beverages prepared freshly to order in its fully equipped catering facilities and served in the pleasant surroundings of an attractively furnished dining areas which may comfortably accommodate up to 80 covers.

There is scope for continued growth, not least with regard to a degree of menu and product expansion, the possible provision of local delivery and outside catering services
The business would also benefit greatly by adopting a far more vigorous marketing policy of its excellent existing facilities and services, particularly with reference to the introduction of on-line advertising and ordering in order to improve upon the already high levels of turnover and profitability it has achieved since being established in its present form some eight successful years ago by the current owner and we would strongly recommend the earliest possible viewing to avoid disappointment.

Latest news –
#Alcohol Licence granted which will allow for longer opening hours ie 7.30am -10pm , hence greater revenue and maybe extend Sunday

Financial Information
Current turnover in the region of £4000 per week with huge scope to increase –

Lease
The premises are being offered with the benefit of a secure year lease with expiration late 2024..Alternatively a new lease may be negotiated.

Rent
The current rent stands at approximately £31500 per year. ( review next year )

Rates amount to £8000 per year

Service charge amounts to £20000 incl vat per year

Trading Hours
Monday to Saturday – 7.30am to 4pm; Sunday – 11-3pm

Staff – 1full time and 6 part time staff

Property Description (1200 sq feet )split over ground floor and lower ground floor.
Fitted and presented to high trade specifications throughout, these well maintained leasehold premises provide excellent and highly functional internal business accommodation which to the ground floor consists of an inviting glazed single fronted public entrance directly off the arcade into a bright and welcoming in-house and takeaway customer service and waiting area which houses a full range fixed and freestanding display furniture and shelving with preparation kitchen area with extraction system housing ample work surfaces, storage units, fitted sink unit and a full range of appliances.
The main customer service area upstairs affords to an attractively furnished and appointed in-house dining area which may comfortably accommodate up to 80covers, with further ancillary accommodation in the lower seating area consisting of all the usual washroom/WC ,Freezers ,Double Drainer and further stock storage utilisation

To the exterior, the premises are well signed and presented and afford ample and inviting display window space on to a high footfall metropolitan retail thoroughfare

Fixtures & Fittings
The business is well fitted throughout and a valuable inventory of equipment is to be included in the sale price

Financial (Accounts ) will only be discussed at an appropriate meeting
 

Seller Details
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Listing Details
Leasehold Price: £59,950
Tenure: Leasehold
Sector: Restaurants, Bistros, Indian Restaurants
Financials
Annual Turnover: £200,000
Annual Net Profit: Available upon request
Key Features
  • Offers Invited
  • Town Centre location
  • Attractive Business
  • Prime Location
  • Established Business
  • Fully Fitted
Listing Statistics
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The data showed regarding this advert 'Classic Restaurant in Great Western Arcade , Birmingham - victapr18KS / 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.