Italian Restaurant with Accommodation for Sale in Birmingham West Midlands
Birmingham, West Midlands
- Status
FOR SALE
- Advert ID
638128
- Leasehold: £160,000
- Rent: £24,000 (£2,000 per month)
- Turnover: £208,000 (£4,000 per week)
- Profit: On request
Key Features
- Established Business
Business Details
Italian Restaurant License for sale with Accommodation
Established Licensed Restaurant for Sale
Offering a unique opportunity to acquire a well-established licensed Italian restaurant centrally located in Birmingham, West Midlands. This turnkey operation features a fully equipped kitchen, eliminating the need for additional investment in equipment or renovations.
The restaurant is designed with a modern interior and includes a comfortable dining area, making it an inviting space for customers. The establishment boasts an outdoor seating area, enhancing the dining experience and attracting a steady flow of patrons. With a solid customer base and consistent foot traffic, the restaurant enjoys positive reviews and a strong presence in the local community.
Key Features
- Established brand identity with a loyal clientele.
- Turnkey operation with trained staff and established vendor relationships.
- Only two competing Italian restaurants in the area.
Operational Details
This business has been established for four years, and current ownership has also spanned the same duration. The restaurant includes tables, chairs, and kitchen equipment in the sale price. There has been a positive trend in turnover, with an annual revenue of £208,000 and a rental cost of £24,000.
Additional Information
The seller is retiring, presenting an excellent opportunity for new owners to step in seamlessly. Three employees are currently part of the team, and training will be provided to ensure a smooth transition.
Moreover, there is a living space available above the restaurant, allowing the new owners to reside without incurring mortgage or rent costs.
Financial Overview
The leasehold opportunity is available for sale with the price upon request. This combination of location, established brand, and operational efficiency makes this restaurant a valuable investment in a vibrant community.
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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.
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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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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