Italian Steakhouse for Sale in Smethwick West Midlands with Live Jazz and Zero Business Rates
Smethwick, West Midlands
- Status
FOR SALE
- Advert ID
655361
- Leasehold: £48,000
- Rent: £18,000 (£1,500 per month)
- Turnover: £104,000 (£2,000 per week)
- Profit: £1,500 (ROI 3.13% • Payback 32 years)
Key Features
- Restaurant fixtures and fittings
- Restaurant with outdoor seating
- Robust turnover growth
Business Details
48K Very urgent sale real good opportunity
Welcome to Jazzy Steak, an authentic Italian steakhouse dedicated to providing an unparalleled dining experience. This specialised restaurant offers guests premium cuts of high-quality beef, expertly cooked over high-heat grills, in an upscale atmosphere. Customers can enjoy thick, seared steaks accompanied by indulgent sides such as creamed spinach, alongside a carefully selected range of Italian wines that complement their meals perfectly.
Those interested in this exciting opportunity will benefit from a long-term lease, complete business operation, and all branded fitted equipment, including a trained staff team. The restaurant is located at 130-132 Sandon Road, Bearwood, B66 4AB, in a prime area with significant visibility and foot traffic.
This well-established business boasts a lease of up to seven years, with a monthly rent of £1,400. Notably, it operates with zero business rates, allowing for a stronger profit margin. Current sales figures range between £3,000 and £5,000 weekly, showcasing the restaurant’s robust performance. A unique feature of Jazzy Steak is its live jazz music presented every Saturday night, enhancing the dining atmosphere and drawing in customers.
With a spacious size of 120 square metres, the restaurant also has potential for further development, including a few available apartments for rent at an additional cost. The asking price for this thriving business is £20,000, although the owners are open to decent offers.
Key Features
This restaurant opportunity presents several attractive features:
- Fully equipped kitchen ready for immediate operation.
- Versatile space suitable for dining, bar service, and live music performances.
- Modern and inviting decor, with meticulous attention to aesthetics, especially in restrooms.
- Outdoor seating available, enhancing the dining experience during pleasant weather.
- An established reputation, with a loyal customer base ensuring repeat business.
This is a very urgent sale, making it a fantastic opportunity for anyone looking to own a successful Italian restaurant in Smethwick, West Midlands. The annual rent for the premises stands at £18,000, with a profit margin of approximately £1,500. All stocks are included in the asking price, making this an attractive investment for aspiring restaurateurs.
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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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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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