Elegant 90-Seater Indian Restaurant in Birmingham Town Center for Sale
Birmingham, West Midlands
- Status
FOR SALE
- Advert ID
624030
- Leasehold: £37,500
- Rent: £18,500 (£1,542 per month)
- Turnover: £166,400 (£3,200 per week)
- Profit: £20,000 (ROI 53.33% • Payback 1.88 years)
Key Features
- Established Business
- Retirement Sale
- With Car Park
- Ideal for Full Refurbishment
Business Details
90 seater Indian restaurant for sale in Birmingham
This established Indian restaurant is ideally located in the town center of Birmingham, West Midlands. Set on the prominent Spice of Madras, it offers excellent visibility with easily noticeable signage. Upon entering, customers are greeted by an elegant interior, featuring neatly arranged dining tables and spacious seating with stylish black chairs. The restaurant provides a comfortable air-conditioned environment to enhance the dining experience of its guests. Accessible parking is conveniently available nearby, adding to the customer's convenience.
Originally known as "Light of Bengal," this restaurant has been a staple in the community for over 40 years. The current owners have managed it for the past 8 years, and now, due to retirement, they are offering it for sale. The restaurant benefits from its proximity to numerous shops, which attract additional customers.
The competitive landscape in the area includes three main competitors: Bilash Restaurant, Miah's Kitchen, and The Moonlight. Nevertheless, the restaurant has maintained a steady turnover. With a seating capacity for 90 diners, it presents a great opportunity for those looking to refurbish or repurpose the establishment.
The sale includes all fixtures and fittings, alongside all current stock. Furthermore, the business boasts a solid online presence with its own website and a partnership with Just Eat, enhancing its reach and customer accessibility. The leasehold price is set at £37,500, with a current turnover of £166,400 and an annual rent of £18,500, resulting in a profit margin of £20,000.
The restaurant employs four full-time and one part-time staff members. The owner is willing to offer up to three months of training to the new owners, ensuring a smooth transition. This is an ideal purchase opportunity, complete with a new lease, for those interested in taking over a well-established business in a prime location.
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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.
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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.
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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.
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.'.
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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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