Bar and Restaurant for sale in Birmingham

Summary:

• Proof of funds required
• Huge potential
• Prime location
• Residential area
• Heavy footfall area
• Fixtures and fittings included

Business Description:

Silk Letting LTD is delighted to present a small, relaxed bar, situated in a suburban area within Birmingham to the market

This rustic yet vibrant business offers a range of craft beers, wines, coffees, cocktails, and mocktails, as well as a menu based around the concept of being part of a better world, where all their ingredients are sourced locally and sustainably.

Located in a busy up-and-coming area, with massive apartment developments all around, this business creates the perfect setting for informal drinks or just an excuse to get friends and family together. This gives the buyer the best opportunity to take over this well-established business.

The business has approximately 110 covers, filling these with the high amount of walk-in and passing trade the restaurant gets. Sixty of these covers are on the inside, with an additional fifty on the outside.

We anticipate great interest in this amazing listing!

Location and Amenities:

The restaurant is surrounded by many other businesses and amenities, putting it in a prime location. This area generates a huge amount of footfall, therefore leading to a lot of passing trade and walk-in customers.

There are lots of parking bays on side roads near to the restaurant which makes it easier and more convenient for the owner, staff, and customers if they need to travel to the premises.

Growth potential:

The cellar is very spacious and would make for a great second level to the restaurant. With the right investment, a new owner could take on this opportunity and add additional covers to the restaurant to accommodate more guests.

In addition to this, they could have offers and discounts throughout the week at quieter times to increase sales.

They could also grow their business by expanding their opening hours in the morning, doing this opens up the opportunity for a new owner to also expand on the menu. For example, the new owner could offer breakfast options for customers who would prefer to visit the restaurant at earlier hours. Also, the business is not open on Sundays or Mondays so opening on these days would also help increase revenue and maximize profits.

Also instead of closing at 11 pm, the new owner could close later to cater to those who want to stay out until a later time. As it is surrounded by other nightlife venues, it would easily attract a customer base when opening into the night.

Along with this, the restaurant could also offer a home delivery service for food or drinks, as they already have a website. Using the website is a fantastic way of increasing business as the website could be used as a platform where customers can order and pay online. The business could also establish agreements with online platforms such as Deliveroo or Uber eats. This enables the owner to reach a wider audience.

Financial profile:

Tenure – lease. Rents property only - 10 years remaining length of the lease.

Turnover is available upon request.

Business is currently profitable and comes with the newly decorated premise, proving useful for any buyer looking for a turnkey business without the added cost of renovation.

Property:

This business is beautifully set with vintage but vibrant décor, ensuring that the atmosphere is comfortable and exciting for the customers.

The shop floor consists of a toilet, kitchen, a long bar stretching around the restaurant, and a hidden courtyard with an outdoor seating area for customers, making this the perfect place for birthdays, engagements, or just a get-together.

Additionally, they have a huge cellar which could be great for storage. A new owner could also convert this into another seating area to serve more customers.

This is a business to be excited about as it is a rare opportunity in the market!

Security features:

The business is fully equipped with CCTV and intruder alarm systems which ensure that everyone and the premises is always kept safe.

Fixtures and fittings:

All fixtures and fittings are included in the purchase of this business making it ready for any new owner to take on right away.

A full list of assets is available upon request.

Staff:

There is five staff who are happy to stay under new ownership which would make it a lot easier for the new owner to get used to things. This already gives the new owner a dependable team to work with. The owner is also happy to do a handover period for the buyer.

The business is currently open from:

Tues - Sat: 11am - 11pm

​​Sun-Mon: CLOSED

Reason for business sale:

The owner is deciding to sell the business due to other commitments and is hoping to hand over the success of this business to a new owner.

This is the perfect chance for a new owner to step in and expand this business further than its limits.

VIEWING STRICTLY BY APPOINTMENT!

What are you waiting for? This business will be snapped up quickly. If you are interested, please contact us to discuss any sale inquiries or arrange a viewing on 0161 507 9791.