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Chinese Restaurant and Takeaway In Birmingham Licensed with (A3)

Birmingham, West Midlands
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Chinese Restaurant and Takeaway In Birmingham Licensed with (A3)Chinese Restaurant and Takeaway In Birmingham Licensed with (A3)Chinese Restaurant and Takeaway In Birmingham Licensed with (A3)Chinese Restaurant and Takeaway In Birmingham Licensed with (A3)
  • Leasehold: £99,950
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Chinese Restaurant and Takeaway For Sale In Birmingham
Licensed 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.

Business information

Asking Price: offers over £99,950 plus SAV
Turnover: on application
Stock: £2,000

Leasehold

Original term: New 12 year lease available
Rent: £20,000 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 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. The business is owner operated and requires the help of 4 full time and 1 part time members of staff and turnover can be verified on application. The restaurant serves a fine selection of Chinese meals and offers an extensive menu. Approximately £1,500 of the weekly sales is from takeaway food via telephone orders, Just Eat and Hungry Horse and the remainder is from the restaurant. We believe that there is further potential to increase trade by expanding on the takeaway food, opening Wednesdays and extending the opening hours. 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 business that has 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

Monday,Tuesday,Thursday and 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 and 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 .
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Contact Agent

Contact the seller for more details, or book a viewing

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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.

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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.

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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.'.

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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.

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Contact seller

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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