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Well Established Restaurant With Excellent Reputation

Birmingham, West Midlands
Leasehold Price:
£44,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
228640
Reference
B04641 / Rightbiz

Details

Business
Hilton Smythe are pleased to have been given the opportunity to manage the sale of The Victorian Restaurant which is a well-established Café/Restaurant with a renowned reputation amongst local residents.

This is a superb opportunity to take on a high turnover local business in an area teeming with customer.

There has been a Café/Restaurant in this lovely Grade 2 listed shopping Arcade since the 1920’s and the current owner has run it successfully and lucratively since 2011. The business is now being sold, albeit reluctantly and with a heavy heart only so the owner can pursue a change of direction and concentrate on other business interests.

The Victorian Restaurant offers a full and varied in-house menu of traditional hot and cold food including;

•All day breakfasts
•Vegetarian All day breakfasts
•Starters - Soups, Prawn Cocktail, Pate, Egg Mayonnaise etc
•Mains - Homemade Pies with Vegetables and Gravy, Roast Beef or Chicken Dinners, Burgers and mash, Egg & Chips, Cod, Plaice, Scampi & Chips.
•Omelettes
•Speciality Omelettes
•Light lunches
•Hot and cold sandwiches with a great choice of fillings
•Speciality Baguettes and Paninis
•Jacket Potatoes
•Salads
•Speciality Salads
•Speciality Teas, Coffees and Hot Chocolates
•Cold drinks.

The business has an impressive number of regular customers many of whom have been using the business for many years and has its own Facebook page (418 likes at Instruction).

The Victorian Restaurant enjoys great visibility on the internet via websites such as www.yelp.co.uk, www.groupon.co.uk, www.shoppinginbirmingham.com, and www.tripadvisor.co.uk.

Scope to Improve

•Advertising and marketing campaign
•Website ideally with a gallery and online booking facility
•Maximise the use of social media particularly twitter and Instagram
•Expand the outside catering side of the business
•Introduce a sandwich round delivering to local businesses, the business is perfectly situated in the city centre and surrounded by many major employers.
•Extend the opening hours
•Reappraise the existing menu and introduce new dishes
•Perhaps consider refreshing the interior décor.

Reasons to Buy

•A well-established business with an enviable reputation and many existing customers
•Perfect trading position in the beautiful and salubrious Great Western Arcade in the heart of the city.
•Ideal owner managed or partnership business which would suit an experienced caterer seeking a new business opportunity
•Current owner happy to offer a handover to ensure the continued success
•A real opportunity to increase turnover and profits significantly, the current owner has been running at a pace to suit for the last couple of years. The business has enjoyed higher turnover previously
•All fixtures and fittings included in sale making this a real Turnkey opportunity.
•Priced to facilitate a quick sale. Values higher.

Hilton Smythe highly advise early viewing to avoid disappointment.

This great business is likely to attract considerable and really does need to be viewed to appreciate the opportunity it presents.

Location
The Victorian Restaurant is located in the Great Western Arcade in Birmingham City Centre.

Birmingham is the second most populous city in the UK, with an estimated population of 1,137,100 as of 2017 and is the cultural, social financial and commercial centre of the Midlands.

In recent years, many parts of Birmingham have been transformed, with the redevelopment of the Bullring Shopping Centre and regeneration of old industrial areas such as Brindley Place, The Mailbox and the International Convention Centre. Old streets, buildings and canals have been restored, the pedestrian subways have been removed and the inner ring road has been rationalised. The city will serve as the host of the 2022 Commonwealth Games.

Partly due to its central location, Birmingham is a major transport hub on the motorway, rail and canal networks. The city is served by the M5, M6, M40 and M42 motorways and possibly the most well-known motorway junction in the UK: Spaghetti Junction. The M6 passes through the city on the Bromford Viaduct, which at 3.5 miles is the longest bridge in the UK.

Birmingham New Street is the busiest railway station in the UK outside London. It is the National hub for Cross Country, the most extensive long-distance train network in Britain and a major destination for Virgin Trains. Local and regional services are operated from all of Birmingham’s stations by West Midlands Trains.

Bus routes are mainly operated by National Express West Midlands which accounts for over 80% Of all bus journeys in Birmingham.

The Victorian Restaurant is Located in the Victorian splendour of the Great Western Arcade which is situated in the heart of Birmingham’s shopping district. Great Western Arcade is the hub of thriving independent retail in the city and is home to award winning fashion boutiques, hair and beauty salons, food and drink experts and so much more.

The Victorian Restaurant is beautifully presented and maintained with clear visible signage and distinctive green livery which is totally in keeping with the Grade 11 listed Arcade.

Premises
The Victorian Restaurant occupies two floors of a generously proportioned (1200 sq. Ft) inner terraced retail unit in the Victorian Great Wester Arcade and briefly comprises;

Ground Floor - Café entrance / dining area

•Window and glazed door to front creating a light airy and inviting interior
•Inset doormat
•Expensive looking wood effect flooring
•Circular tables with matching chairs currently providing approximately 16 covers
•Glass fronted serve over counter with wrapping area and till
•Coffee machine
•Glass fronted drinks chiller
•Stairs to first floor

First Floor - Restaurant

•Lovely large restaurant with windows along its length giving a light interior
•Carpeted throughout and retaining period detailing
•Dado rail
•High ceilings with intricate mouldings and cornicing
•Feature chandeliers and ceiling fan
•Tables and chairs currently providing approximately 89 covers
•Air conditioning
•Bar area with bespoke tongue and groove timber panelling
•Till
•Iberital coffee machine (on a transferable lease at £84per month)

Kitchen

•Generous and comprehensively equipped catering kitchen
•Vinyl non-slip flooring
•Full extraction system with stainless steel canopy
•3 pot stainless steel Bain Marie
•Griddle
•Single basket fryer
•Twin basket fryer
•Lincat Salamander grill
•Central island with stainless steel preparation area and hot meat station
•Further stainless-steel preparation tables
•Commercial dish washer
•4 slot toaster
•Stainless steel hand wash basin with paper towel and soap dispenser
•Good sized walk in chiller with shelving and floor storage space

Wash Up Area

•Tiled floor
•Twin Chef King Stainless steel fridge
•Stainless steel upright fridge
•8 burner range with oven beneath
•Full extraction system with stainless steel canopy
•Stainless steel preparation tables
•Meat slicing machine
•Industrial mixer
•Glass topped chest freezer
•Twin stainless-steel sinks with drainer
•Separate Hand was basin
•Perimeter shelving
•Double wall cupboard.

All cutlery, glasses, chinaware and cooking pots and pans are included in the sale.

Tenure
We are advised that The Victorian Restaurant is being sold as a Leasehold business opportunity, the existing 10-year Lease has approximately 4 ½ years remaining and the rent is £31,500 per annum plus vat and service charges.

We are further advised that the landlord would be happy to negotiate a mutually acceptable Lease with a new owner.

We are advised that the business rates payable are approximately £8600 per annum.

Hours
Monday to Saturday 7.30 am – 4.00 pm
Sunday 11.00 am – 3.00 pm

Staff
The business is run and managed by our client with the full time help of his wife and 5-part time staff.

Financial Profile
The Victorian Restaurant generated an advised turnover of circa £183,000 as of the 2016 accounts with a gross profit of roughly 36%.

Seller Details
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Listing Details
Leasehold Price: £44,950
Tenure: Leasehold
Sector: Restaurants, Bistros, Cafes
Financials
Annual Turnover: £182,731
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