Leasehold Vegetarian & Vegan Fine Dining Indian Restaurant Located In Harborne

Leasehold Vegetarian & Vegan Fine Dining Indian Restaurant Located In Harborne
Internal Restaurant Seating For 35
External Seating For 30
Newly Refurbished
Licensed
Ref 3267

Asking Price £180,000 plus SAV (£3,000)

Location
This outstanding Vegetarian & Vegan Fine Dine Indian restaurant is located in Harborne, Birmingham. Situated 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. All of which bring high levels of footfall to the area.
Harborne is approximately (3 miles) southwest of Birmingham city centre and is home to many professionals due to its close proximity to the Queen Elizabeth Hospital.

Business Description
Veritas Business Sales are delighted to offer to the market this Vegetarian & Vegan Fine Dine Indian Restaurant which is located in Harborne. There has been a restaurant trading in these premises for over 20 years and has been in the careful hands of our client since 2022. The business is now being offered for sale as the owner wishes to scale down.
Since acquiring the business, the owner has maintained the property to a high standard, and it is being sold fully fitted. All equipment is owned outright and is included in the sale price, representing a significant benefit to a new purchaser, as no major additional expenditure should be required. The restaurant is overseen by the owner and operated daily by a team of three full-time and five part-time staff members. The annual turnover is approximately £600,000 net of vat which includes the restaurant, delivery and outside catering income.
We believe there is scope to increase turnover by introducing a breakfast/brunch menu. 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, turnkey restaurant, and as such, early viewing is highly recommended. The restaurant has the benefit of an on & off alcohol license.

Opening Times
Monday – Sunday – 12:30 – 22:30

Leasehold
Term: 20 years
Remaining: 5 years
Reviewed: Every 5 years
Rent: £30,000 pa
Rates: £5,500

Ground Floor
Entrance door leading to small vestibule porch.
Restaurant with tables and chairs to cover (35), cabinet, bar counter with 2 x EPOS tills, cash drawer, shelving, base unit, worktops, storage shelving, upright drinks fridge (Fritz-Kola), dual tap beer pump (Cobra). Worktop, dual stainless steel sink, 2 head espresso coffee machine (Sanremo), coffee grinder (Fracino), base units, storage draws, ice machine (Polar), glass washer (Amika), shelving, wine storage racks, slimline drinks fridge.
Toilets with wall mounted mirror and cloak area.
WC with wash basin, wall mounted, wall mounted hand dryer, wall mounted paper towel dispenser.
Disabled WC with wash basin, wall mounted mirror, wall mounted hand dryer.
Kitchen comprising: 14 x wall mounted metal shelves, saladette with 3 door under counter fridge, 6 burner Indian cooker with oven, spice rack, extraction canopy, tandoori oven, stainless steel table with commercial can opener, deep fat fryer, stainless steel double door upright fridge (Williams), stainless steel worktop with 2 door under counter fridge, marble worktop saladette with 3 door under counter fridge, stainless steel table, stainless steel sink drainer with directional hose, dishwasher, hot cupboard with heated gantry, stainless steel worktop with 2 door under counter fridge, 2 x microwaves, pantry, rear exit door.

External
Rear service road with bin area.

EPC Rating D