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Leasehold Spanish & Mediterranean Restaurant Located In Birmingham

Edgbaston, West Midlands
Leasehold Price:
£49,950
Status
FOR SALE
Advert ID
233630
Reference
2300 / Rightbiz

Spanish & Mediterranean Restaurant Located In Edgbaston For Sale                                                 A3 Consent                                                                                                                                     Ref 2300


Location 
This respected Spanish & Mediterranean Restaurant is located in the desirable and affluent area of Edgbaston in Birmingham. Set back just off the busy Harborne Road (B424) which connects Birmingham City centre (3 miles away) to Harborne (1.5 miles). The precinct has a number of complementary independent businesses that benefits from free customer parking. 

Asking Price: £49,950 plus SAV (£800)


Business Description 
Veritas Business sales are delighted to offer for sale this delightful Spanish & Mediterranean Restaurant which is located in Edgbaston. These premises have been serving food of some kind since 1973 and the restaurant and has been in the careful hands of the current owners for the past 3 years. Reluctantly the business is now being offered for sale fulfil their desire of going back to Spain.                                                                                                                                                                                                                                     Since ownership they have 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 for any new purchaser as additional funds will not need to be spent for some time. Don Diego is owner operated requiring no staff members and has an average weekly turnover of circa £2,500. The restaurant serves a fine range of classic Spanish & Mediterranean dishes which can be accompanied with a variety of carefully selected fine wines and enjoyed in the cosy and tastefully decorated restaurant. All fayre is freshly prepared on site to order using only the  finest produce.                                                                                                                                                                                      What we are offering is a contemporary and extremely well fitted restaurant that could lend itself to a variety of  different cuisines. The restaurant is operated at a gentle pace to suit the owners lifestyle so we believe that there is further potential to increase trade should you wish to by opening on Sundays & Mondays and maybe joining some of the online delivery portals such as Just Eat and Deliveroo. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a ready to run business 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 – Saturday – 5.30pm –10.00pm
Sunday & Monday – closed

Leasehold
Lease: New lease available                                                                                                                                                               Rent: £9,100 plus vat pa                                                                                                                                                                      Service charge: £2,668 pa                                                                                                                                                                          Rates: zero


Ground Floor
Restaurant comprising: seating for up to (28) covers, bar area with epos till system, 3 door bottle fridge, shelving for glass storage, dresser for glass and cutlery storage.
Ladies W/C and wash basin
Gents W/C and wash basin
Commercial kitchen comprising: 4 burner commercial hob & oven, solid top griddle plate, self cooling centre oven (Lincat), extraction hood, vacuum packer, hot food cupboard with 3 pot bain-marie,  stainless steel work top with under counter fridges, fridges x 2, sink, wash basin, wash up area with sink and spray jet wash
Store room with fridge freezer, fridge and 2 freezers.  


External
Front seating area for (8)
Rear yard 
The precinct benefits from free customer parking



 

Seller Details
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Listing Details
Leasehold Price: £49,950
Tenure: Leasehold
Location: Edgbaston, West Midlands
Sector: Restaurants, Bistros
Financials
Annual Turnover: Available upon request
Key Features
  • Central Position in Affluent Village
  • Potential for Alternative Use
  • Close to Local Amenities
  • Price Reduced
  • Prime Location
  • Fully Fitted
  • Established Business
  • New Lease
  • With Car Park
Location Statistics
What's nearbyi:
University of Birmingham Wing Chun Martial Arts School (approx. 0 mile)
Charlie the Plumber (approx. 0.1 mile)
Edgbaston Old Church (approx. 0.1 mile)
Chatfield Private Client (approx. 0.1 mile)
mac (approx. 0.7 mile)
The Watering Hole (approx. 0.8 mile)
Orthopaedic Surgeon (approx. 0.8 mile)
Cannon Hill Park (approx. 0.8 mile)
Edan Sound (approx. 0.8 mile)
Pamela's Convenent Shop (approx. 0.9 mile)
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