Licensed Chinese Restaurant & Takeaway in Birmingham's Jewellery Quarter
Birmingham, West Midlands
- Status
FOR SALE
- Date Submitted:
18/02/22
- Advert ID
290835
- Reference
2040 / Rightbiz
- Call Agent:
- Leasehold: £35,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Chinese Restaurant and Takeaway In Birmingham Licensed with (A3)
Chinese Restaurant & Takeaway For Sale In BirminghamLicensed with (A3)
Ref 2040
Location
This respected Chinese restaurant is located in the heart of the famous Jewellery Quarter which dates back more than 250 years and a designated conservation area with over 200 listed buildings and also contains Birmingham's last remaining Georgian Square in the tranquil surroundings of St Paul's, with its fine restaurants, bars and galleries. Not only does the Quarter have a heritage, it also has an expanding, thriving business community, a growing residential population and an established retail sector that boasts over 500 jewellery retailers, specialist retailers, bars and restaurants.
Asking Price: £35000
Leasehold
New 12 year lease available
Rent: £26,500 pa
Reviewed: 3 yearly
Rates: £5,000 pa
Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Chinese Restaurant concern which is located in the famous Jewellery Quarters in Birmingham. The business was set up from scratch 3 years ago and is reluctantly being offered for sale due to ill health.
Since ownership they have 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 no longer trading so no accounting information will be available.
This is a superb opportunity to purchase a restaurant & bar in a great, up and coming location, and as such early viewing is highly recommended.
Opening Hours
Monday,Tuesday,Thursday & Sunday - 11.30am - 2.30pm - 4.00pm - 10.00pm
Wednesday - Closed
Friday - Saturday - 11.30am - 2.30pm - 4.00pm - 11.00pm
Ground Floor
Restaurant comprising: seating for (50), TV, Karaoke machine & Bose sound system. Bar servery with, 3 draught beer pumps, electronic sales till system, sink, dishwasher, ice maker, 2 x double door drinks coolers, espresso coffee machine (Casadio), coffee
Disabled W/C and wash basin
Commercial kitchen comprising: wine fridge, double door drinks cooler, metal storage racking, sink, double sink, hand wash basin, stainless steel work surfaces, rice cooker, 10 burner wok range, 6 burner range/oven, double fat fryer, commercial microwaves x 2, 5 x chest freezers and an upright freezer.
Cellar
2 x store rooms (below ground)
The property benefits from gas central heating and 3 phase electric .
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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