Leasehold Italian restaurant with 100 seats and accommodation available in Solihull
Solihull, West MidlandsEst. 5 years
- Status
FOR SALE
- Advert ID
658467
- Reference
3296 / Rightbiz
- Call Agent:
- Leasehold: £195,000
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Leasehold Italian Restaurant Located In Solihull
Leasehold Italian Restaurant Located In SolihullSelf Contained Two Bedroom Accommodation Above
Impressive Weekly Turnover
Late Bar Licence
Ref 3296
Asking Price £195,000 plus SAV (3,000)
Location
This busy Italian Restaurant is situated in the Solihull area.
Business Description
Veritas Business Sales is delighted to offer for sale this established Italian restaurant situated in Solihull. Opened by our client in December 2021, the restaurant is now offered for sale so he can concentrate on other projects.
Since opening, our client has refurbished and redecorated the premises, investing in equipment, fixtures and fittings to create a distinctive dining environment. We are advised that all equipment, fixtures and fittings included in the sale are fully paid for. The (100) seater restaurant serves authentic Italian cuisine in attractively presented surroundings, complemented by a dedicated bar area. They have an impressive weekly turnover which can be discussed on application. They enjoy a strong reputation within the local community and beyond, with an established base of regular customers. There may be scope to develop trade further through morning opening and the introduction of a breakfast menu. The sale also includes self-contained two-bedroom accommodation above the restaurant, providing additional flexibility for an incoming owner. This is an attractive opportunity to acquire an established restaurant with a distinctive interior, well-equipped premises and scope for further development.
Early viewing is highly recommended.
Opening Times
Monday – Thursday – 12:00 – 14:30 – 17:00 – 22:00
Friday & Saturday – 12:00 – 22:00
Sunday – 13:00 – 21:00
Leasehold
Term: 15 years
Remaining: 12 years
Rent: £20,000 per annum
Reviewed: 5 yearly
Rates: £7,000 per annum
Ground Floor
Vestibule entrance porch leading to main open plan restaurant comprising: reception desk, ice cream freezer, stage with keyboard, music system and speakers, tables & chairs to cover (100), cake display fridge, double door wine chiller, bar area with 4 x two door undercounter fridges with worktop (Contender), ice machine (Polar), espresso coffee machine (Fiamma), coffee grinder (Iberital), bar servery with 2 x beer taps, soft drink dispenser, spirits/glass storage unit, storage unit, stainless steel sink drainer, stainless steel wash basin, glass washer (Contender), prep area with sink drainer, wall mounted unit, undercounter freezer and upright chiller. The restaurant has air conditioning which also blows hot air when required.
Cellar room with storage shelves.
Staff W/C with wash basin, wall mounted mirror.
Office with CCTV monitor and floor safe.
Kitchen comprising: open pass with 4 x hot lamps, stainless steel hot cupboard with worktop, chest freezer (Logik), stainless steel sink, stainless steel wash basin, saladette with 3 door undercounter fridge, metal shelf, 2 x stainless steel table, 4 pot wet bain-marie, chargrill, rotisserie, deep fat fryer (Quattro), combi oven (Halinox), upright freezer, 4 tier metal storage units, 4 x stainless steel tables, 2 burner range with solid top, 6 burner range (Falcon), food mixer, food blender (Majimix), stainless steel table with commercial tin opener, extraction canopy, dishwasher, dual stainless steel sink with directional hose, 7 x wall mounted metal shelves (Quattro), walk-in cold room with 4 x metal storage units and rear exit door.
Ladies W/C with wash basin, wall mounted hand dryer and wall mounted mirror.
Gents W/C with wash basin, wall mounted hand dryer and wall mounted mirror.
Disabled W/C with wash basin, wall mounted hand dryer and wall mounted mirror.
First Floor
Accommodation
Door leading to a hallway. Kitchen/dining room.
2 x Double bedrooms.
Bathroom with shower cubicle, W/C and wash basin.
The flat benefits from gas fired central heating, UPVC double glazing and can be sub-let for £1,200 PCM
External
Rear yard with metal stairs leading to the first floor accommodation.
EPC Rating D
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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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