Leasehold Indian restaurant for sale in Moseley Birmingham with A3 consent and 5-star rating
Birmingham, West Midlands
- Status
FOR SALE
- Advert ID
638953
- Reference
3166 / Rightbiz
- Call Agent:
- Leasehold: £29,950
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Leasehold Indian Restaurant Located In Moseley
Leasehold Indian Restaurant Located In MoseleyA3 Consent & Licensed
5 Star Google Rating
Award Winning
Ref 3166
Asking Price £29,950 plus SAV (£4,000)
Location
This respected Punjabi Restaurant is located in Moseley, Birmingham. Situated within a prominent and highly visible trading position. 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.
Business Description
Veritas Business Sales are privileged to offer to the market delightful leasehold Punjabi Takeaway which is located in Moseley. The business has been established for 2 ½ years and has been in the careful hands of our client for the past 16 months. They are now offering the business for sale due to other commitments requiring his attention.
Since ownership they have upgraded some 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. The Restaurant is owner operated with the help of 3 full time and 1 part time members of staff and has an average weekly turnover of circa £3,000. Approximately £2,000 is from the restaurant and bar and the remaining £1,000 derives from the online delivery portals Just Eat & Deliveroo. 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 – closed
Tuesday – Sunday – 17:30 – 23:00
Leasehold
Term: 6 years (Renewable)
Remaining: 4 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.
EPC Rating C
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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.
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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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