Restaurant for sale

Highgate Street, Cradley Heath, West Midlands, B64

Leasehold 273 sq. m. | £89,950

Property Description

Commercial information

  • Business for sale
  • 2,938 sq ft (273 sq m)

Key features

  • REF 12482
  • LEASEHOLD
  • RESTAURANT

Full description

Tenure: Leasehold

LOCATION
The Alachi International Restaurant occupies substantial two storey premises, ideally located within the town of Cradley Heath in the West Midlands. The business is surrounded by a mix of commercial and residential properties, from which the business derives much trade. The restaurant/takeaway benefits from good car parking facilities to the front and side of the premises, as well as a high volume of footfall and passing trade.

Cradley Heath is a small town in the Rowley Regis area of the Sandwell. According to the 2011 census, the Cradley Heath and Old Hill ward had a residential population of 13,565. As part of the Black Country, it is one of several towns in central England still recognisable from their early 20th century appearance. Many of the shops and houses in the High Street are still standing after 100 years.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Old Hill, which is approximately one mile away. The area is also well served by the A-roads, with the business being located just off the A4100 and A459, which link to the national A-road and motorway networks. Stourbridge is approximately 5 miles away and Birmingham is 10½ miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established Indian restaurant and takeaway business, which is ideally located within the town of Cradley Heath, West Midlands.

The business was established nearly 20 years ago and has been in our client's careful ownership since 2008. Only now is the business being offered to the market due to our client's desire to concentrate on other business interests. The business currently operates 7 evenings per week and generates an excellent turnover in the region of £286,000 per annum, with a good gross profit.

The restaurant offers a wide range of freshly made food including a mix of starters, Tandoori dishes, Balti dishes, Massala dishes, Dopiaza dishes, Thawa specials, Biryani dishes and fish dishes, to name a few. The business offers a free home delivery service within a four-mile radius of the premises.

The property boasts approximately 273 sq. metres of floor space with the ground floor occupying a spacious, upmarket dining/restaurant area with approximately 126 covers, a full commercial kitchen and a large store room. To the first floor are five large rooms, which are currently used for storage, but have potential for further restaurant seating or could be converted to owner's accommodation, subject to the necessary planning permissions.

The business has built up an enviable reputation within the area for the very high quality and freshness of the fayre offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering a lunchtime service. A new owner could also embark on a modest marketing campaign to highlight the excellent food and service offered. The business already has a website in place at www.thealachi.co.uk, which offers online ordering facilities.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial two storey premises in a prime trading location, briefly comprising:

Ground floor with:

Immaculately presented dining area.
Marble effect tiled flooring.
126 covers with smoked glass and stainless steel tables and high backed leather effect seating.
High ceilings with feature mood lighting.
Fully air conditioned.
Brick built feature indoor pool.
Customer waiting area with leather sofas, mirrored walls and coffee table.
Bespoke S-shaped bar with bricked façade, marble effect worktop, double fronted chiller unit, wine and spirit shelving and free-standing glass fronted wine chiller.
Dessert preparation area with coffee machine, stainless steel sink and drainer, fully tiled walls and stainless steel perimeter shelving.

Kitchen with:

Tiled flooring.
Stainless steel wall cladding.
Double stainless steel sinks and drainers.
Perimeter shelving.
Stainless steel preparation tables.
Porcelain hand wash basin.
5 x wok burner range with ovens beneath.
10 x burner range with double ovens.
Full extraction system.
Double deep fat fryer.
Tandoor oven.
Florescent lighting.
Glass fronted double dairy chiller unit.
Range of refrigerated cabinets.

Store room with:

Large store room with perimeter shelving, 2 x large glass topped chest freezers, utensil, pots and pans storage, tiled floor, fluorescent lighting and twin stainless steel upright freezer.

First floor:

Five large rooms, which are currently used for storage but has potential for further restaurant seating or could be converted to owner's accommodation, subject to the necessary planning permissions.

External:

Clear visible signage.
Good parking facilities to front and side of premises.
Electric security shutters.
The property is fully alarmed.

TENURE
We are advised Leasehold:

Original lease length: 25 years
Remaining lease length: 17 years, as of June 2016
Review every: 3 years
Rent: £45,000 per annum

HOURS
The business is open:

Monday - Friday: 6.00pm - 12.00am
Saturday: 6.00pm - 2.00am
Sunday: 6.00pm - 12.00am

STAFF
The business is owner run and managed with 4 x full time and 5 x part time staff members.

FINANCIAL PROFILE
The business generates an excellent turnover in the region of £286,000 per annum, with a good gross profit.


Nearest stations

  • Old Hill (0.6 mi)
  • Cradley Heath (1.1 mi)
  • Rowley Regis (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 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

  • Old Hill (0.6 mi)
  • Cradley Heath (1.1 mi)
  • Rowley Regis (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 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 12482. 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 Hilton Smythe, Bolton . 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.

Map data ©OpenStreetMap contributors.