Two AA Rosette-Awarded French Restaurant in Moseley, Birmingham for Sale
Birmingham, West Midlands
- Status
UNDER OFFER
- Date Submitted:
12/02/24
- Advert ID
606623
- Reference
2963 / Rightbiz
- Call Agent:
- Leasehold: £65,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Leasehold French Restaurant Located In Moseley
Leasehold French Restaurant Located In Moseley2 AA Rosettes
Licensed
Ref 2963
Location
This respected French Restaurant is located within a prominent and highly visible trading position on the main (A435) Alcester Road in Moseley village, Birmingham. 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 complimentary retailers and has an Award Winning Farmers market on the fourth Saturday of the month.
Leasehold Asking Price: £65,000 plus SAV (£3,000)
Business Description
Veritas Business Sales offer to the market this delightful 2 AA Rosette French Restaurant which is located in Moseley village. The restaurant has been in the careful hands of our clients for the past 6 years when they converted it from a wine bar into what you see today. They are now offering the premises for sale due to desire to move by the coast.
Since ownership 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. Le Petit Bois is owner operated by a husband & wife team with the help of 1 full time & 3 part time members of staff. For year ending 30th September 2022 they posted an annual turnover of £288,594 which produced very healthy profits on trading just three evenings per week. They serve rustic French classics which can be accompanied with a selection of selected wines which can all be enjoyed in the cosy and relaxed 30 cover restaurant.
They have built a strong reputation within the local community and beyond for serving high quality food and as such have a high level of regular and repeat trade. This is a superb opportunity to purchase a restaurant in a prime location which would lend itself to a variety of cuisines which is a great base to build upon and as such early viewing is highly recommended.
Opening Times
Thursday – Saturday – 17:00 – 22:00
Sunday – Wednesday – closed
Leasehold
Term: 15 years
Remaining: 8 years
Reviewed: 5 yearly
Rent: £19,000 pa
Rates: zero
Ground Floor
Restaurant comprising: tables & chairs to cover (30), floor mounted glass door wine cellar, 4 x ceiling mounted panel heaters, menu blackboard, cutlery cabinet, music system, bar servery with stainless steel sink, wine dispenser, espresso coffee machine (Conti), coffee grinder (Compak), glasswasher (Compak), undercounter drinks fridge, EPOS till system, upright wine fridge and wall mounted shelves for glass storage.
Hallway leading to the toilets with 2 x wooden storage cabinets.
Ladies W/C with wash basin, wall mounted mirror.
Gents W/C with wash basin, wall mounted mirror.
Kitchen comprising: dual stainless steel sink with directional hose, stainless steel worktop with wash basin, ice machine (Halcyon), dishwasher (Compak), Japanese BBQ, deep fat fryer (Lincat), deep fat fryer (Buffalo), 4 ring induction hob (Lincat), 2 ring induction hob (Lincat), upright fridge (Tefcold), 2 x Turbo fan convection ovens (Blue Seal), stainless steel table, 2 x two door undercounter fridges (Prodis), 2 door undercounter fridge (Polar), stainless stell hot cupboard with stainless steel worktop, 2 x ceiling hung heat lamps, extraction canopy, 3 x wall mounted metal shelves, 5 x wall mounted shelves, undercounter fridge, metal trolley and rear exit door.
The property benefits from electric roller shutters to the rear exit door.
External
Frontage with seating for (16). Rear yard with storage shed. Rear parking for (2).
EPC Rating D
Contact Agent
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.
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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 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.
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