Leasehold Italian Restaurant in Prosperous Knowle, West Midlands For Sale
Knowle, West Midlands
- Status
SOLD / WITHDRAWN
- Date Submitted:
15/09/23
- Advert ID
599491
- Reference
2916 / Rightbiz
- Call Agent:
- Leasehold: £39,950
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Leasehold Restaurant Located In Knowle
Leasehold Restaurant Located In KnowleRef 2916
Location
This delightful Licensed Restaurant is located within a prominent and highly visible trading position on Knowle high. Knowle offers a range of large retailers and other complimentary independent retailers. The village is affluent, vibrant and is considered to be amongst the most prosperous areas in the Midlands and is just 2 miles from Solihull town centre.
Description
The business has traded as an Italian Restaurant for many years but due to an unforeseen change in circumstances the owner has now closed the doors. So whats on offer is a 32 cover restaurant with a fully fitted kitchen. Ideal for a small independent restauranteur to make a name for themselves.
Leasehold Asking Price £39,950
Lease
Original term: 10 years
Remaining: 6 years
Rent: £15,900
Rates: zero
Ground Floor
Door leading to a small porch with storage cupboard to house the gas and electric metre.
Restaurant with tables & chairs to cover (32), bar area with undercounter fridge (King), worktop, stainless steel wash basin, storage cupboards and 2 x wall mounted shelves.
W/C with wash basin, wall mounted mirror and wall mounted hand dryer.
W/C with wash basin, wall mounted mirror and wall mounted hand dryer.
Kitchen comprising: 2 separate extraction canopies, stainless steel table, dough mixer, flour storage container, stainless steel worktop with undercounter fridges, 15 x wall mounted metal shelves, 8 burner range, dual deep fat fryer, chopping boards, stainless steel wash basin, double stainless steel sink, dishwasher, wine fridge, stainless steel upright fridge, plate warmer, chest freezer, insect zapper and rear exit door.
External
Rear parking for (1) and bin area.
The purchaser will need to pay any fees associated with the lease assignment.
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Listing Statistics
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Advert pending deletion
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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