Leasehold Indian Restaurant in Kings Heath Birmingham Available for Sale
Birmingham, West Midlands
- Status
FOR SALE
- Advert ID
649527
- Reference
3245 / Rightbiz
- Call Agent:
- Leasehold: £26,950
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Leasehold Indian Restaurant Located In Kings Heath
Leasehold Indian Restaurant Located In Kings Heath30 Seater Restaurant
Fully Fitted
Ref 3245
Asking Price £26,950 plus SAV (£500)
Location
This Indian restaurant is located in Kings Heath, Birmingham, occupying a prominent and highly visible trading position on Poplar Road. The immediate area benefits from an abundance of retail businesses, restaurants, and residential properties, all of which generate good levels of footfall. Birmingham City Centre is approximately 4.3 miles away.
Business Description
Veritas Business Sales are delighted to offer to the market this leasehold Indian restaurant located in Kings Heath. A restaurant has operated from these premises for the past five years and has been in the ownership of our client for the last four months. The business is now being offered for sale as the partners wish to go their separate ways. Since taking ownership, the current owners have refurbished and redecorated the premises and invested in new equipment, fixtures, and fittings. All items are owned outright and included within the sale price, representing a significant benefit to any new purchaser, as no major additional expenditure should be required. Punjabi Kings is owner-managed with the assistance of five staff members and has an average weekly turnover of circa £3,500. Approximately £2,000 is generated from restaurant sales, with the remaining £1,500 deriving from deliveries via Just Eat and Book It. The business serves speciality Punjabi dishes, freshly prepared to order, which can be enjoyed in a relaxed and cosy dining environment. Customers may also bring their own alcohol.
We believe there is scope to further increase turnover by introducing alcohol sales. In a short time, the business has built a strong reputation within the local community and beyond, resulting in a high level of repeat and regular custom. This is an excellent opportunity to acquire a fully fitted restaurant where much of the hard work has already been completed. Early viewing is highly recommended.
Opening Times
Monday – closed
Tuesday – Sunday – 17:00 – 23:00
Leasehold
Term: 15 years
Remaining: 5 years
Reviewed: 3 yearly
Rent: £16,200 pa
Rates: zero
Ground Floor
Restaurant with tables and chairs to cover (30), bar counter, stainless steel wash basin, 3 door undercounter drinks fridge, wall mounted TV, undercounter freezer, storage shelving for glassware, cutlery cabinet.
Gents W/C with wash basin, wall mounted paper towel dispenser.
Ladies W/C with wash basin, vanity unit, wall mounted mirror.
Kitchen comprising: dual stainless steel sink with directional hose, metal storage unit, stainless steel table with can opener, stainless steel wash basin, metal draining rack, hot cupboard, stainless steel worktop with 2 door under counter fridge, metal shelf, commercial microwave (Nisbets), CCTV monitor (3 camera system), stainless steel upright fridge (Platinum), stainless steel upright freezer (Angelo PO), small stainless steel metal table, undercounter fridge, 3 x metal shelves, tandoori clay oven, stainless steel table, dual deep fat fryer, 6 burner Indian cooker, metal trolley with shelf, extraction canopy.
Dry stores with combination boiler (Ideal), 2 x chest freezers, 2 x upright fridges, storage unit.
The property benefits from UPVC double glazing and gas fired central heating
External
Rear yard.
EPC Rating C
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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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