Leasehold Restaurant, Birmingham, B13

Leasehold Restaurant Located In Moseley
Weekly Turnover £7,000 - £10,000
Trades Only 5 Days
Seating For 86
Ref 3153

Asking Price £149,950 plus SAV (£2,000)

Location
This established Restaurant is located within a prominent and highly visible trading position in Moseley, Birmingham. Moseley was voted the best place to live in the UK, beating Mayfair and Muswell Hill. The area is steeped with beautiful architecture, highly cosmopolitan and has a trendy vibe and village feel. It's surrounded by independent complimentary retailers and has an Award Winning Farmers market on the last Saturday of the month.

Business Description
Veritas Business Sales offer to the market this delightful Restaurant which is located in Moseley, Birmingham. The business was established by the family 42 years ago and they are now offering the business for sale so that they can enjoy a well deserved retirement.
Since ownership there has been continual investment 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. What's on offer is new 10 year renewable lease and a fully functional restaurant. The restaurant will come with no staffing liabilities. The name is not part of the sale so a new purchaser would need to re-brand and possibly change the cuisine. The weekly turnover is £7,000 - £10,000 on dry sales only. Approximately 90% of the trade is sit down with the remaining 10% deriving from deliveries via Uber Eats & Deliveroo. They used to serve alcohol which enhanced the turnover but for religious reasons they have not renewed the license.
We believe that a new owner operator would enhance the trade by re-introducing alcohol sales and extending the opening days & times. They have built a strong reputation within the local community and beyond for serving high quality food and as such have a high level of regular and repeat trade. This is a superb opportunity to purchase a restaurant in a prime location which would lend itself to a variety of cuisines which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday & Tuesday - closed
Wednesday & Thursday -17:00 - 22:30
Friday & Saturday - 17:00 - 23:30
Sunday - 16:00 - 21:00

Leasehold
New FRI 10 year lease to be granted
Rent: £32,000 pa
Reviewed: 3 yearly
Rates: £9,000 pa
The first floor can be made available with additional rent

Further details on application!