Birmingham Cocktail Bar, Restaurant & Nightclub for Sale - Unique Independent Business Opportunity
Birmingham, West Midlands
- Status
FOR SALE
- Date Submitted:
06/02/23
- Advert ID
507837
- Reference
2314A / Rightbiz
- Call Agent:
- Leasehold: £150,000
- Turnover: On request
- Net Profit: On request
Key Features
- Attractive Business
- Fully Fitted
- Ideal for Full Refurbishment
- Close to Local Amenities
- Accounts Available
- Adjacent to Multiple Retailers
- Unique Business
- Potential for Alternative Use
- Established Business
- Prime Location
Business Details
Cocktail Bar, Restaurant and Nightclub in Birmingham
Summary:
- Rental Property
- Huge Potential
- Prime Location
- Heavy Footfall Area
- Unique Opportunity
- Residential Area
- Highly Rated
- Established Business
- Proof of Funds Required
Business Description:
Silk Letting Ltd are delighted to welcome to the market a unique opportunity to own an independent cocktail bar and nightclub located in Birmingham.
This spacious property isn’t currently trading but comes with a food licence and premises licence to trade from 10 am – 5.30 am and is fully fitted and ready for any new owner to take over and start trading
The business is located over 2 floors with a total capacity of around 250 people, there is also a terraced area that can accommodate up to 60 people, a VIP and balcony area, a DJ booth, seating area and dance floor. The business benefits from a large kitchen that is located in the basement and is currently trading as a successful takeaway business with a 5* food hygiene rating.
The business is ideally located in the city centre surrounded by other bars and restaurants in a busy area. When opened the business was well known in the local area and gained an outstanding reputation gaining many 5* reviews across multiple platforms.
Location and Amenities:
The business is ideally located in the city centre surrounded by other bars and restaurants and close to the A38 and B4127.
Growth Potential:
This is a perfect opportunity for any buyer looking to buy a fully equipped business that can continue operating as a cocktail bar/restaurant and nightclub or can be converted for different use.
Any new owner could increase revenue by extending the menu available and including a breakfast, lunch or brunch menu.
The business doesn’t currently have a website, so the new owner could embark on a modest marketing campaign that would include creating a website that allows customers to order and pay online and establish agreements with online platforms such as Deliveroo, Just Eat and Uber Eats which would enable a new owner to reach a wider audience.
Increase social media following by running incentives/competitions for customers on Facebook and Instagram accounts to boost social media following and encourage more customers to order online or visit the shop.
Financial Profile:
Tenure: Lease – Rents property only – 2 years remaining on the lease. Landlord is happy to make a new lease for any new owner.
The business benefits from small business rates relief meaning it does not pay any business rates.
Property:
This spacious property is well maintained and is located over 2 floors consisting of a seating area, bar, dance floor, DJ booth, VIP and balcony area located on one floor. The lower floor consists of a large kitchen area, office, 2 storerooms and a cold room. The property has a capacity of 250 people and includes a terraced area with a capacity of 60 people.
Security:
The property is fully secured with an alarm system throughout and CCTV cameras covering both the inside and outside of the premises.
Fixtures and Fittings:
All fixtures and fittings are included in the asking price making it fully equipped and ready for any new owner to take over and continue running. Included in the assets are all the kitchen equipment.
A full list of assets is available upon request.
Reason for Sale:
The owner is selling the business due to other business commitments. This creates the perfect opportunity for any new owner to take over an exciting business opportunity with the potential for further growth.
Would you love to be running an already successful business and call it your own?
This is a business to get excited about and it is a rare opportunity in the market. We anticipate great interest in this amazing listing, and we don’t anticipate this business to be on the market for long.
This is a huge and unique business opportunity to become your own boss and carry out your passion daily.
A viewing of this business is highly recommended to appreciate its true value and the potential it has for any owner.
VIEWING STRICTLY BY APPOINTMENT!
If you are interested, please contact us to discuss any sale enquiries or arrange a viewing on 0161 519 1205.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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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.
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.
Be safe, use a Rightbiz Solicitor
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.
Be safe, use a Rightbiz Solicitor
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