Large High Profit, Quality Shisha Lounge and Restaurant in excellent West Midlands Location

Undisclosed

Status

FOR SALE

Date Submitted:

29/08/19

Advert ID

248146

Reference

20190809TM / Rightbiz
Leasehold: Offers Invited
Annual Turnover: £750,000
Annual Net Profit: Available upon request

Shisha Lounge and Restaurant               Offers Invited around £350,000

This is an excellent opportunity to own a fantastic Shisha Lounge and restaurant in the West Midlands.

Facility built from scratch in 2013. Separate restaurant added in 2018.

Owner continues to update business to attract new customers.

The business is well regarded and has is run by the owner and an efficient friendly team.

They have many regular customers and the large facility is situated such that it attracts significant passing trade.

The team have excellent processes in place, they pride themselves on customer service and have consistently delivered excellent profitability throughout its history.

Summary

Our restaurant is close to a very busy road network, in a busy residential area close to the nearby centre.

The owner has invested significantly in the business building the new premises from scratch using quality materials. An additional restaurant has been added in 2018 and the owner is still continually improving the facility.

The large premises are circa 12000 sqft they include a large lounge which is circa 6500 sqft and an excellent restaurant of approx. 1450 sqft. The Lounge seats up to 350 customers and the separate restaurant can cater for up to 85 covers.

The lounge has comfortable seating throughout and a number of private booths. The lounge and the restaurant have been fitted out and maintained to the highest standards.

There is a large decking area ideal for those warm summer evenings.

The Restaurant and the lounge have separate entrances.

The premises also include fully equipped kitchens and a large comfortable reception area.

The customers can choose from a large selection of Shisha, a large food menu, Mocktails, deserts and fruit. The restaurant operates to a separate menu. A range of hot drinks and soft drinks are available. Customers may also bring in their own alcoholic drinks.

 

Current Trading Hours

The business opening hours are:

Monday to Sunday          5pm to 2am

 

The restaurant closes at 11:30pm

The lease is due for renewal in 2028

Potential

  • This is a significant business opportunity. The new owner can build upon solid foundations already in place.
  • The current owner continues to improve capabilities of the business. There will always be opportunity to increase sales by keeping the business fresh.
  • A targeted marketing campaign in addition to the current Facebook page may attract new customers and increase weekly takings
  • Continue to update products to meet your customer needs

 

Conclusions

Large, busy Shisha lounge and restaurant in busy residential area close to centre

 

Situated close to a very busy road network

 

Owner has invested significantly in the business spending over £600k on the premises

Large premises of circa 12000sqft fitted out to a high-quality standard. Which include a 350-customer capacity Shisha Lounge, a large restaurant, fully equipped kitchens and a comfortable reception area.

Strong business processes which deliver quality and high profitability.

 

May be suitable for an owner of a similar type food and leisure business

 

A strong team in place

 

All fixtures and fittings are in very good condition and the premises are well maintained

The business consistently delivers high weekly takings. Certainly, an opportunity for an investor to buy and build.

The business has a high volume of regular customers

 

Key Financial Information

 

Weekly Takings

 

£14,000 to £17,000 per week

 

Annual Turnover

 

Circa £750,000

Key Features
  • Prime Location
  • Established Business
  • Fully Fitted
  • Attractive Business
  • With Car Park
  • Offers Invited
  • Large Business for Sale
  • Close to Local Amenities
  • Town Centre location
  • High Turnover
Contact Agent
Advert Reference:
20190809TM / Rightbiz
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