Punjabi Restaurant & Takeaway Business for Sale in Prime Moseley Location
Moseley, West Midlands
- Status
SOLD / WITHDRAWN
- Date Submitted:
08/02/24
- Advert ID
606495
- Reference
2961 / Rightbiz
- Call Agent:
- Leasehold: £49,950
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Leasehold Punjabi Restaurant & Takeaway Located In Moseley
Leasehold Punjabi Restaurant & Takeaway Located In MoseleyLicenced & A3 Consent
Ref 2961
Location
This respected Punjabi Restaurant is located in Moseley, Birmingham. Situated within a prominent and highly visible trading position on Billesley Lane where it meets Southlands Road. The immediate area offers an abundance of residential houses along with other retail businesses. The Takeaway is ideally located between the very busy Kings Heath centre (0.6 miles) and Moseley centre (0.9 miles), both of which drive decent levels of footfall to the area.
Leasehold Asking Price: £49,950 plus SAV (£2,000)
Business Description
Veritas Business Sales are privileged to offer to the market delightful leasehold Punjabi Restaurant which is located in Moseley. The business was established by our client 1 year ago and is now reluctantly being offered for sale due to other business commitments requiring his attention.
Since ownership they have undertaken total refurbishment, redecoration and there has been continual investment in 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. Punjabi Dhaba is owner operated with the help of 5 full time and 1 part time members of staff and has an average weekly turnover of circa £4,000. Approximately £2,000 of the turnover is from the restaurant and bar, £1,000 comes walk-in and telephone deliveries and the remaining £1,000 comes from Just Eat. They serve speciality Punjabi dishes which are freshly prepared to order and can be enjoyed in the relaxed and cosy restaurant.
We believe that there is potential to increase trade should you wish by opening mornings/daytime as a cafe. The business in a short time has built 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 fully fitted restaurant where all the hard work has been done, which is a great base to build upon and as such early viewing is highly recommended.
Opening Times
Monday – Sunday – 17:00 – 22:30
Can open – 08:00 – 23:00
Leasehold
Term: 6 years (Renewable)
Remaining: 5 years
Rent: £12,000 pa
Reviewed at year 3. Rent will go up to £13,200 pa
Rates: zero
Ground Floor
Restaurant with tables & chairs to cover (38), wall mounted TV, storage cabinet, bar area with Cobra beer pump, stainless steel wash basin, storage shelving and 2 door undercounter drinks fridge.
W/C with was basin, wall mounted mirror, wall mounted soap dispenser and wall mounted paper towel dispenser.
Kitchen comprising: tandoori oven, extraction canopy, stainless steel worktop, undercounter fridge, stainless steel table, dual deep fat fryer, 6 burner Indian cooker, saladette with 3 door undercounter fridge, hot cupboard with heated pass, 2 x upright stainless steel fridges (Foster), stainless steel upright freezer, 2 x storage units, stainless steel table with commercial can opener, dual stainless steel sink with directional hose, wall mounted plate drainer, combination boiler (Baxi), wash basin, wall mounted knife rack and 2 plastic food storage containers.
The premises benefit from CCTV (6 camera system), mood lighting and electric roller shutter to the frontage.
External
Frontage with 6 x wooden picnic tables to seat (36). Rear yard with bin area.
Contact Agent
Listing Statistics
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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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