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Restaurant & Bar Located In Birmingham

Harborne, West Midlands
Leasehold Price:
£89,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
236086
Reference
2316 / Rightbiz

Details

Restaurant & Bar Located In Harborne 
Ref 2316
Asking Price: £89,950 plus SAV (£2,000)
Location 
This delightful Restaurant & Bar is located in the affluent and vibrant area of Harborne in Birmingham. It sits within a prominent and highly visible trading location on the main High Street and is surrounded by other complementary independent retailers along with high end retailers. Harborne is 3 miles South West of Birmingham City centre and is home to many professionals due to it's close proximity to The Queen Elizabeth Hospital. 

Business Description 
Veritas Business Sales are delighted to offer for sale this respected  Restaurant & Bar which is located in Harborne, Birmingham. The property has been a restaurant of some kind for the past 30 years and has  been in the careful hands of my clients since January 2018 and is reluctantly being offered for sale due to them relocating to Essex.                                                                                                                                                                                           Since ownership they have undertaken considerable refurbishment by updating the electrics, installing a new combination boiler, redecorating the restaurant and continually invested in new equipment along with fixtures & 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. The business is very much owner operated and employs the help of 4 part time members of staff and is on track to post an annual turnover of £150,000 net of vat. They serve a fine range of appetisers, small plates, main courses and desserts all freshly prepared on site to order using only the finest locally sourced produce when available. All fayre can be accompanied with a selection of fine wines, cocktails, beers, spirits and soft drinks and enjoyed in a relaxed cosy atmosphere.                                                                                                                       We believe that there is further potential to increase trade should you wish as the restaurant is currently operated at a gentle pace to suit my clients lifestyle and only operates 4 days a week on relatively short opening times. Subject to separate negotiation the first floor may be made available should you wish to increase the number of covers to cope with the demand. The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new business people visiting the area. This is a superb opportunity to purchase a business with further potential 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
Sunday, Monday & Tuesday - closed
Wednesday - Saturday - 5.00pm - 10.00pm                                  

Leasehold
Original term: 20 years
Remaining: 8 ½  years 
Rent: £23,500 pa
Reviewed: 5 yearly
Rates: £8,000


Ground Floor
Restaurant comprising: high bench style seating for 4, 2 settee's, built in bench style seating along with tables & chairs to cover (32), purpose built condiments and cutlery unit, EPOS till system (Sam4s), bar area with draft beer pump, hand wash basin, 2 under counter double door drinks chillers, microwave (Hinari), under counter freezer (Bosch), 2 automatic coffee machines, filter coffee machine and CCTV monitor (4 camera system).                                                  Raised area with soft seating for (2), under stairs storage cupboard and drinks storage cupboard.                                Gents W/C                                                                                                                                                                                   Ladies W/C                                                                                                                                                                               Hallway with hand wash basin to service both toilets 

First floor                                                                                                                                                                               Catering kitchen comprising: stainless steel hand wash basin, stainless steel sink, chest freezer (Norfrost), deep fat fryer (Russell Hobbs), deep fat fryer (Quest), large deep fat fryer (ACE), plate warmer (Parry), 6 burner range (Marwood Vulcan), extraction unit, 2 microwaves (Panasonic), 3 stainless steel work benches and 4 wall mounted metal storage shelves. The kitchen has had new wall tiles fitted.                                                                                                      
Washroom/dry stores with stainless steel sink drainer, dishwasher (DIHR), combination boiler (Worcester Bosch), 2 stainless steel shelves, cloak area,2 upright fridges (Foster) and work table. 


External
Side passage with seating for (4)
Rear bin area
Front seating for (2)
EPC rating D

                                                                                    

Seller Details
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Listing Details
Leasehold Price: £89,950
Tenure: Leasehold
Sector: Restaurants, Bars, Bistros
Financials
Annual Turnover: £150,000
Key Features
  • Unique Business
  • Potential for Alternative Use
  • Close to Local Amenities
  • Established Business
  • Town Centre location
  • Free of Tie Leasehold
  • Prime Location
  • Accounts Available
  • Adjacent to Multiple Retailers
  • Fully Fitted
  • Attractive Business
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