Leasehold Mediterranean Restaurant, B92
Leasehold
£225,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Restaurant for sale
- USE CLASSUse class orders: A3 Restaurants and Cafes and A4 Drinking Establishments
A3, A4
Key features
- Leasehold Mediterranean Restaurant
- Late Bar Licence Until 2am
- Fully Fitted & Newly Refurbished
- 120 Covers
- Self Contained Two Bedroom Accommodation Above
Description
Leasehold Mediterranean Restaurant Located In Solihull
Self Contained Two Bedroom Accommodation Above
Late Bar Licence
Ref 3090L
Asking Price £225,000 plus SAV (£5,000)
Location
This delightful Mediterranean Restaurant is located on the main Warwick Road (A41) in Olton, Solihull. It sits within a prominent and highly visible trading position and is surrounded by other complementary independent retailers along with Blue Chip retails such as Tesco Express and McDonalds who are directly opposite. The immediate area is densely populated with residential properties and offers plenty of free parking nearby.
Business Description
Veritas Business Sales are delighted to offer for sale this respected Mediterranean Restaurant which is located in Solihull. The business was opened by our client back in December 2018 and due to other projects requiring his attention he has decided to offer the restaurant for sale. Since ownership they have refurbished, redecorated and 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 menu offers authentic Greek and mediterranean cuisine which can be enjoyed in the 120 cover restaurant. With live Greek music, dancing and a cocktail bar it really is the ultimate party venue. Turnover can be discussed on application. We believe that there is further potential to increase trade should you wish by opening in the mornings to serve a breakfast menu. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat. This is a superb opportunity to purchase a thriving restaurant where all the hard work has been done, which is a great base to build upon and as such early viewing is highly recommended.
Opening Times
Monday - Friday - 12:00 - 15:00 - 17:00 - 22:00
Saturday & Sunday - 12:00 - 22:00
Leasehold
Term: 15 years
Remaining: 13 years
Rent: £20,000 pa
Reviewed: 5 yearly
Rates: £1,200
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 (110), VIP dining area for an additional (10), 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
Self Contained Two Bedroom Accommodation Above
Late Bar Licence
Ref 3090L
Asking Price £225,000 plus SAV (£5,000)
Location
This delightful Mediterranean Restaurant is located on the main Warwick Road (A41) in Olton, Solihull. It sits within a prominent and highly visible trading position and is surrounded by other complementary independent retailers along with Blue Chip retails such as Tesco Express and McDonalds who are directly opposite. The immediate area is densely populated with residential properties and offers plenty of free parking nearby.
Business Description
Veritas Business Sales are delighted to offer for sale this respected Mediterranean Restaurant which is located in Solihull. The business was opened by our client back in December 2018 and due to other projects requiring his attention he has decided to offer the restaurant for sale. Since ownership they have refurbished, redecorated and 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 menu offers authentic Greek and mediterranean cuisine which can be enjoyed in the 120 cover restaurant. With live Greek music, dancing and a cocktail bar it really is the ultimate party venue. Turnover can be discussed on application. We believe that there is further potential to increase trade should you wish by opening in the mornings to serve a breakfast menu. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat. This is a superb opportunity to purchase a thriving restaurant where all the hard work has been done, which is a great base to build upon and as such early viewing is highly recommended.
Opening Times
Monday - Friday - 12:00 - 15:00 - 17:00 - 22:00
Saturday & Sunday - 12:00 - 22:00
Leasehold
Term: 15 years
Remaining: 13 years
Rent: £20,000 pa
Reviewed: 5 yearly
Rates: £1,200
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 (110), VIP dining area for an additional (10), 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
About VERITAS BUSINESS SALES LTD, Midlands
CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AGIndustry affiliations:
Notes
These notes are private, only you can see them.
Disclaimer - Property reference 3090L. 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, Midlands. 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.