Licensed 70-cover restaurant and bar for sale in Birmingham with a new lease available for negotiation.
Birmingham, West Midlands
- Status
FOR SALE
- Advert ID
658427
- Reference
591785 / Rightbiz
- Call Agent:
- Leasehold: £35,000
- Turnover: £62,400 (£1,200 per week)
- Profit: Not Applicable
Business Details
Restaurants For Sale in Birmingham
LICENSED 70 COVER RESTAURANT AND BAR in Birmingham for Sale.Located on a busy road in Birmingham and benefitting from a colossal amount of passing traffic, this 70 cover restaurant has a rare licence allowing it to trade just as a bar, should new owners prefer to operate more wet sales than a food offering. Alcohol can be served without a meal. Currently offering Asian cuisine, however the contemporary decor would be well suited to any style of theme or cuisine.
Weekly turnover £1,200. The business also benefits from very low overheads, with reasonable rent and currently not responsible for business rates or water rates. A new lease for a term to be negotiated with the landlord and there are no staff to be inherited with the sale of the going concern.
Single fronted occupying ground and first floors. Main restaurant with bar and commercially equipped kitchen on the ground floor. First floor function room with bar. Ladies and gents toilets. External fire escape from first floor. Rear yard with useful outbuildings providing lots of storage. EPC Band 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.
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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.
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.
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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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