Leasehold Mediterranean Restaurant for Sale in Harborne Birmingham
Birmingham, West Midlands
- Status
FOR SALE
- Advert ID
651083
- Reference
3179 / Rightbiz
- Call Agent:
- Leasehold: £84,950
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Leasehold Mediterranean Restaurant Located In Harborne
Leasehold Mediterranean Restaurant Located In HarborneTapas & Cocktail Bar
Trades Only 5 Days
Ref 3179
Asking Price £84,950 plus SAV (£3,000)
Location
This busy Mediterranean Restaurant & Bar is located in the affluent and vibrant area of Harborne in Birmingham. It sits within a prominent and highly visible trading location on the main High Street and is surrounded by other complementary independent businesses along with some large high end retailers. Harborne is (3 miles) Southwest of Birmingham City centre and is home to many professionals due to it’s close proximity to The Queen Elizabeth Hospital.
Business Description
Veritas Business Sales are delighted to offer for sale this respected Mediterranean Tapas Restaurant & Bar which is located in Harborne, Birmingham. The property has been a restaurant of some kind for the past 35 years and has been in the careful hands of my clients since April 2022. They are now offering the business for sale due to their desire to relocation overseas.
Since ownership they have undertaken refurbishment and installed 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. The restaurant is owner operated by two passionate brothers with the help of 4 part time members of staff and has an average weekly turnover of £5000-£6,000. They serve a fine range of tapas, small plates and desserts all freshly prepared on site to order using only the finest locally sourced produce when available. All fayre can be accompanied with a selection of fine wines, cocktails, beers, spirits and soft drinks and enjoyed in a relaxed cosy atmosphere. We believe that there is further potential to increase trade should you wish by opening on Sundays for lunch. They business has built a strong reputation within the local community and beyond (TripAdvisor 4.9 rated and ranked #22 out of 2158 restaurants in Birmingham and 4.7 Google ranked with over 300 reviews) and as such has a high level of regular and repeat trade along with many new business people visiting the area. This is a superb opportunity to purchase a thriving restaurant which is a great base to build upon and as such early viewing is highly recommended.
Opening Times
Sunday & Monday – closed
Tuesday – Saturday – 17:00 – 23:30
Leasehold
Term: 15 years
Remaining: 2 years
Rent: £22,140 pa
Business Rates: £5,000 pa
Rent deposit (6 months rent)
Ground Floor
Restaurant comprising: tables & chairs to cover (34), wine rack, cutlery cabinet & reception desk, large wall mounted mirror, various wall mounted pictures, wooden bar counter with seating for (4), 2 x two door undercounter drinks fridges (Gamko), ice machine (Nice ice), glasswasher (Mach), undercounter red wine fridge, undercounter white wine fridge, espresso coffee machine (Francino), coffee grinder (Francino), water softener, EPOS till & cash draw, stainless steel sink drainer, CCTV monitor (7 camera system), sound system (Bose) and amplifier.
Raised area with understairs storage cupboard & 2 x baby high chairs, storage cupboard and exit door to side yard.
Toilet with W/C with wash basin & vanity unit .
Toilet with W/C with wash basin & vanity unit.
Hallway with wash basin, 2 x wall mounted mirrors, wall mounted soap dispenser and wall mounted hand to service both toilets.
First Floor
Commercial kitchen comprising: 6 burner range (Zanussi), 2 x commercial microwaves (Panasonic), stainless steel table, griddle, extraction canopy, slow cooker/pressure cooker (Instants),dual deep fat fryer, 2 x stainless steel tables, stainless steel wash basin, 2 x metal shelves, knife rack, saladette with 2 door undercounter fridge (Polar), stainless steel worktop, undercounter freezer, stainless steel table with 2 shelves below, 2 x four bulb heated gantry’s, insect zapper, 3 x metal widow shelves, stainless steel wash basin and oil trap.
Dry stores with dishwasher (easy), stainless steel sink drainer, metal shelf, metal plate drainer, combination boiler (Worcester Bosch), chest freezer, upright fridge (Electriq), upright fridge (Hotpoint), upright stainless steel fridge (Foster) and metal storage unit.
External
Side yard with bin area.
Frontage with table & chairs to cover (4)
EPC rating C
Contact Agent
Map
What's Nearby
Listing Statistics
Advert Statistics Graph
Contact the seller for more details, or book a viewing
Stay Safe
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
Do not 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.
Stay Safe
Send a test amount before you consider handing over a large amount 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.
Stay Safe
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.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
