Leasehold Greek Restaurant in Moseley, Birmingham for £325,000 with High-Spec Interior
Birmingham, West Midlands
- Status
SOLD / WITHDRAWN
- Date Submitted:
30/05/23
- Advert ID
513974
- Reference
2878 / Rightbiz
- Call Agent:
- Leasehold: £150,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Leasehold Greek Restaurant Located In Moseley
Leasehold Greek Restaurant Located In MoseleyFitted To A Very High Spec
Licensed
Ref 2878
Location
This respected Greek Restaurant is located in Moseley, Birmingham. Situated within a prominent and highly visible trading position on the main (A435) Alcester Road. Moseley was voted the best place to live in the UK, beating Mayfair and Muswell Hill. The area is steeped with beautiful architecture, highly cosmopolitan and has a trendy vibe and village feel. It’s surrounded by independent retailers, bars and eatery’s and has an Award Winning Farmers market on the fourth Saturday of the month.
Leasehold Asking Price: £150,000
Business Description
Veritas Business Sales are delighted to offer for sale this delightful Greek Restaurant which is located in the desirable suburb of Moseley. The premises were transformed by our clients and they opened the doors in April 2022. They are now reluctantly offering the business for sale due to unforeseen ill health reasons.
Since ownership they have undertaken total refurbishment, redecoration and invested in brand 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. Soufi is owner operated but is currently not trading due to health reasons. What's on offer is a spacious restaurant in a great location which has been fitted to a very high specification with no cost spared.
We believe that the site offers huge potential and would lend itself to some of the large restaurant chains. New operators can change the cuisine and take this to the next level. This is a superb opportunity to purchase a ready made restaurant which is a great base to build upon and as such early viewing is highly recommended.
Leasehold
Term: 10 years
Remaining: 7 ½ years
Rent: £45,000 plus vat pa
Business rates: TBC
Ground Floor
Vestibule entrance porch.
Restaurant comprising: tables & chairs to cover (90), 3 baby high chairs, water feature, bar area with sales counter, EPOS till system, ice machine (Scotsman), stainless steel table with wash basin, granite worktop with 3 door fridge, music system, condiments counter and electric metre cupboard.
Kitchen comprising: steel table with heated pass, stainless steel wash basin, wall mounted soap dispenser, wall mounted hand dryer, EPOS reader, extraction canopy.
Pot wash area with stainless steel table, pass through dishwasher (Sammic), stainless steel sink with directional hose, stainless steel double sink with directional hose, wall mounted knife rack, glasswasher (Sammic), washing machine (Whirlpool), metal storage racking, walk-in cold room and walk-in freezer room.
Dry stores with 2 x storage racking units.
Office with CCTV monitor (8 camera system), W/C with wash basin and
shower cubicle.
Two sets of ladies toilets with W/C wash basin, wall mounted mirror and wall mounted hand dryer.
Two sets of men's toilets with W/C wash basin, wall mounted mirror and wall mounted hand dryer.
Disabled W/C with wash basin, wall mounted mirror and wall mounted hand dryer.
The premises benefits from air conditioning which also blows hot air when required, electric roller shutters to the frontage and an intruder alarm. The only item of equipment on lease is the coffee machine.
External
Rear yard with shared bin store. State of the art extraction outlet with silencer. Vendors rear parking for (1).
EPC Rating C
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Listing Statistics
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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.
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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.
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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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