Restaurant for sale

Vittoria Street, Birmingham, B1

£154,950

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes, A4 Drinking Establishments and A5 Hot Food Take away

Key features

  • Licenced
  • Fully fitted
  • Prominent location
  • Scope to increase to 7 day openings
  • Scope for longer hours
  • 50 seater restaurant

Full description

Tenure: Leasehold

Chinese Restaurant & Takeaway For Sale In Birmingham
Licensed with (A3)
Ref 2040
Location

This respected Chinese restaurant is located in the heart of the famous Jewellery Quarter which dates back more than 250 years and a designated conservation area with over 200 listed buildings and also contains Birmingham's last remaining Georgian Square in the tranquil surroundings of St Paul's, with its fine restaurants, bars and galleries. Not only does the Quarter have a heritage, it also has an expanding, thriving business community, a growing residential population and an established retail sector that boasts over 500 jewellery retailers, specialist retailers, bars and restaurants.

Business information

Asking Price: 154,950 plus SAV
Turnover: 5,000-6,000 Per week
Stock: 20,000

Leasehold

Original term: New 12 year lease available
Rent: 30,000 pa
Reviewed: 3 yearly
Rates: 3,800 pa

Business Description

Veritas Business Sales are delighted to offer for sale this outstanding Chinese Restaurant concern which is located in the famous Jewellery Quarters in Birmingham. The business was set up from scratch 3 years ago and is reluctantly being offered for sale due to other business interests. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and requires the help of 4 full time and 1 part time members of staff and has an average weekly turnover of between 5,000-6,000 per week. The restaurant serves a fine selection of Chinese meals and offers an extensive menu. Approximately 1,500 of the weekly sales is from takeaway food via telephone orders, Just Eat and Hungry Horse and the remainder is from the restaurant. We believe that there is further potential to increase trade by expanding on the takeaway food, opening Wednesdays and extending the opening hours. 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 a business that has further potential 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

Monday & Tuesday - 11.30am - 2.30pm - 4.00pm - 11.00pm
Wednesday - Closed
Thursday - Sunday - 11.30am - 2.30pm - 4.00pm - 11.00pm

Ground Floor

Restaurant comprising: seating for (50), TV, Karaoke machine & Bose sound system. Bar servery with, 3 draught beer pumps, electronic sales till system, sink, dishwasher, ice maker, 2 x double door drinks coolers, espresso coffee machine (Casadio), coffee
Disabled W/C and wash basin
Commercial kitchen comprising: wine fridge, double door drinks cooler, metal storage racking, sink, double sink, hand wash basin, stainless steel work surfaces, rice cooker, 10 burner wok range, 6 burner range/oven, double fat fryer, commercial microwaves x 2, 5 x chest freezers and an upright freezer.

Cellar

2 x store rooms (below ground)

External

Rear yard with walk in cold room
The yard has the potential to have a covered roof area to enable alfresco dining should to wish to.

The property benefits from gas central heating and 3 phase electric .


Nearest stations

  • St. Paul's (0.2 mi)
  • Jewellery Quarter (0.3 mi)
  • Birmingham Snow Hill (0.5 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

  • St. Paul's (0.2 mi)
  • Jewellery Quarter (0.3 mi)
  • Birmingham Snow Hill (0.5 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 2040. 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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