| (REF: R2292) Attractive Detached Licensed Restaurant |
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| Seller Reference: |
R2292 |
| B4S Reference: |
27017 |
| Asking Price: |
£79,500
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£286,000 |
| Number of Staff: |
4 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
West Midlands County, the West Midlands, United Kingdom |
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Nationwide are pleased to offer to the market : Outstanding opportunity to acquire a Freehold Licensed Restaurant Chinese cuisine for the past 4 years and previously Italian, obviously the present business could be continued but, in our opinion, there is potential to cater for other types of cuisine, if desired.
The Restaurant is situated in a good catchment area being as stated approx. 5 minutes by car to the Birmingham National Exhibition Centre and Birmingham Airport as well as being close to the M6 and M42 motorways.
No parking restrictions. Free Public Car Park nearby.
Forecourt area providing parking for 4/5 cars to -
SPACIOUS DOUBLE FRONTED RESTAURANT. Entrance to front area. Ideal to host discos (1 a.m Bar Licence Thursday - Saturday). Bar/Restaurant area with woodstrip floor. Tables and chairs providing seating for 14 persons plus 3 sofas and 2 armchairs providing additional seating. Hot buffet unit, utilized for the sale of takeaways. Bar with 2 group coffee machine, 3 hand pumps, glasswasher, ice machine, 1 upright glass fronted drinks fridge, 1 double door glass fronted counter fridge, 1 single door counter fridge, electronic cash register etc.
Access to spacious rear RESTAURANT section with attractive woodstrip floor, 2 air conditioning units/heaters, ceiling with inset spotlighting. Quality tables and chairs providing seating for 40 persons (can be increased to accommodate 50/60 persons, if desired).
Level kitchen with ceramic tiled floor, all well equipped including large stainless steel extractor system, 1 7-burner Chinese cooker, 2 deep fryers, 1 solid top cooker, double door stainless steel fridge, 1 upright deep freeze, chest deep freeze, ice cream deep freeze, fridge, double sink and drainer, dishwasher etc.
Rear storeroom with 3 small deep freezes, 1 large chest deep freeze
Fully tiled disabled cloakroom with w.c. and wash hand basin
Ladies cloakroom fully tiled with 2 w.cs plus wash hand basin
Gentlemens cloakroom fully tiled with urinal and wash hand basin
WE ARE INFORMED the turnover averages £5,000 - £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 68% approx.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £28,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £480,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING plus new DOUBLE GLAZED WINDOWS, does require some re-decoration, is at present utilized by staff and comprises:
4 rooms comprising 2 double bedrooms, 2 single bedrooms
Bathroom with bath, w.c. and wash hand basin
To the rear of the property is an attractive Courtyard, paved and gravelled area with tables and seating providing an ideal area for customers smoking.
Driveway to side of property providing parking space for 4/5 cars |
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Location: |
Sought after residential area, West Midlands |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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4.30 p.m. - 12 midnight seven days per week |
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The business is at present operated by the vendor (who is a qualified chef) with the assitance of his wife plus 3 full time chefs plus Restaurant area 2 full time waiters plus 3 part time waiters plus 2 delivery persons. |
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