Restaurant for sale

Birmingham, B30

£119,950

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes

Key features

  • Well established
  • Prominent location
  • Fitted to a high spec
  • In house cookery school
  • Licenced
  • Spacious commercial kitchens

Full description

Tenure: Leasehold

Italian Restaurant & Cookery School in Kings Norton For Sale
Ref 1093

Location

This outstanding restaurant is prominently located on the main junction in Kings Norton village centre. Its surrounded by complimentary businesses and benefits from easy access to motorway networks and Birmingham City centre.

Business information

Asking Price: 119,950 plus SAV
Turnover: 300,000 per annum
GP: 70%
Stock: 5,000

Leasehold

Lease term: 20 years
Remaining: 13 years
Rent: 25,000 pa
Rates: 10,000

Business Description

Veritas Business sales are delighted to offer for sale this respected Italian Restaurant & Cookery school which is located in Kings Norton, Birmingham. This business has been in the careful hands of the current owner for the last 7 years when he completely renovated, redecorated and refitted the restaurant from what used to be an old bank. Since ownership there has been significant investment in new equipment, along with fixtures and fittings which are all bought and paid for and included within the sale price which means that any new purchaser will not need to spend any additional funds for some time. Reluctantly the business is now being offered for sale so he can enjoy a well deserved retirement. The business is very much owner operated and requires the help of 2 full time chefs and 2 full time & 2 part time front of house members of staff and has an annual turnover of over 300K. The restaurant serves a fine range of classic and modern Italian dishes which all prepared on site with only the freshest locally sourced produce. What we are offering is a contemporary and extremely well fitted restaurant that could be easily changed to a different cuisine. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours

Restaurant
Tuesday - Thursday - 5.30pm - 11.30pm
Friday & Saturday - Midday - 11.30pm
Sunday - Midday - 9.30pm

Cookery school
Tuesday - 2.00pm - 6.00pm
Thursday - 6.00pm - 9.30pm
Saturday - 11.00pm - 4.00pm

Ground Floor

Restaurant comprising: seating for up to (64) covers, cloak room area with pegs, drinks fridge, music system, 4 x air conditioning units, bar area with epos till system, draught Peroni pump, ice machine, glass washer, sink, storage unit, double door bottle fridge, espresso coffee machine (La Spaziale) and coffee grinder, 3 door bottle fridge, shelving for glass storage, dresser for glass and cutlery storage.
Disabled W/C and wash basin
Cleaning cupboard
Cellar with music system and alarm panel
Staff W/C and wash basin
Commercial kitchen comprising: 2 x 6 burner commercial ovens (Imperial), extraction unit, salamander grill, char grill, 6 shelf combi oven (Rational), double deep fat fryer, commercial microwave, stainless steel work top with under counter fridges, hot plate/pass with hot cupboard, wash-up area with double sink with jet spay and dishwasher/pot wash
Dry stores
Preparation room comprising: double sink, commercial microwave, walk-in cold room, stainless steel work top with under counter fridges, and dough mixer.
Cellar (below ground)

Store room/bottle stores with racking and chest freezer

First floor

Ladies W/C x 3 and wash basins x 2
Gents W/C, urinals x 2, wash basins x 2 and storage cupboards x 2

Boiler room

Cookery School comprising: 7 x work stations with electric induction hobs, electric ovens and fitted units that are fully equipment with catering utensils, front sink drainer and work top, steam combi oven, deep fat fryers x 2, rear fitted units with sink drainers x 2, (integral fridge, dry stores, and 2 fully equipped cupboards)

Office/lounge/bedsit with shower cubicle

External

Front off road parking for (5)


Nearest stations

  • Kings Norton (0.3 mi)
  • Bournville (0.8 mi)
  • Northfield (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Kings Norton (0.3 mi)
  • Bournville (0.8 mi)
  • Northfield (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 1093. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by VERITAS BUSINESS SALES LTD, Solihull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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