Leasehold Pakistani Restaurant & Banqueting Hall Located In Acocks Green
Ref 2920

Location
This respected Restaurant is located in Acocks Green. Situated within a prominent and highly visible trading position on Westley Road and near to the Tenpin Bowling Alley. Acocks Green is (6 miles) from Birmingham City Centre and (4 miles) from Solihull town centre. It's a very busy shopping area which offers an array of large retailers along with niche independent retailers. Acocks Green railway station is located in close proximity and has frequent services to Birmingham Snow Hill (9 minutes) and Solihull (6 minutes).

Leasehold Asking Price £249,950 plus VAT

Business Description
Veritas Business sales are delighted to offer to the market this Leasehold Restaurant which is located in Acocks Green. The premises has traded as a Public House for many years and was transformed into what you see today back in 2021. They are now offering the restaurant for sale due to other business commitments requiring their attention.
Since ownership there has been no expense spared and they have undertaken total refurbishment, redecorated and invested in new equipment along with high end fixtures and fittings (purchased from Marrakesh) which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Burraq offers an a' la carte menu Monday - Thursday and Buffet Friday - Sunday. Weekly turnover is circa £12,000 on short trading hours. We are selling a fully fitted restaurant not the operating business so no accounting information will be provided.
We believe that a new purchaser can increase revenue by expanding the current opening times and by joining the online delivery portals such as Just Eat, Uber Eats and Deliveroo. The banqueting hall which can accommodate up to 300 people is unfinished, so a little investment there would dramatically increase trade. They are also not taking advantage of the alcohol licence so there is scope to add beer & wine sales. The business already 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 very well fitted restaurant with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - Sunday - 5:00pm - 11:00pm

Leasehold
Sub-lease to be offered
Term: negotiable
Rent: £75,000 plus vat pa
Business Rates: £1,870.57 pa

Ground Floor
Restaurant comprising: vestibule entrance porch, tables & chairs to cover (130), soft drinks dispenser, bar area for mocktails/soft drinks with EPOS till, chest freezer, 2 door undercounter drinks fridge, glass washer (Asbet), stainless steel wash basin and soft drinks dispenser. Dumbwaiter lift, main sales desk with EPOS till, salad bar/cutlery area, large worktop with numerous stainless steel hot food serveries.

Commercial kitchen comprising: stainless steel worktop with 3 door undercounter fridges (Foster), stainless steel table x 2, stainless steel double sink with directional hose, dishwasher, stainless steel sink drainer, convection oven (Rational), stainless steel table with heated pass, extraction canopy, clay tandoori oven (Shah tandoori), 2 x dual deep fat fryers (Empire), chargrill, 6 burner range, stainless steel table with commercial can opener, hot plate/hot cupboard, stainless steel sink, wall mounted soap dispenser, wall mounted paper towel dispenser, microwave (Sharp), stainless steel worktop with undercounter fridge, 2 x large gas burners and stainless steel food trolley.
Dry stores with dough mixer, 6 tier metal storage unit, stainless steel upright fridge (Gram) and stainless steel upright freezer (Cornelius).
Staff W/C with wash basin, staff changing area and wall mounted mirror.
Office with desk.
Ladies toilets with 2 x W/C's, 2 x wash basins, wall mounted mirror and wall mounted hand dryer.
Gents toilets with 2 x W/C's, 2 x wash basins, wall mounted mirror and wall mounted hand dryer.
Prayer room.
Disabled entrance door with hallway to toilets.
Ladies toilets with 2 x W/C's, 2 x wash basins, wall mounted mirror and wall mounted hand dryer.
Gents toilets with 2 x W/C's, 2 x wash basins, wall mounted mirror and wall mounted hand dryer.
Disabled W/C with wash basin.
Banqueting room with capacity for (300) people, with chest freezer, walk-in cold room, walk-in freezer room and stage. This area has ladies, gents and disabled toilets and a separate entrance.
Please note that this space requires some renovation.
The restaurant benefits from 4 wall mounted air-conditioning/heating units.
There are 10 rooms to the first floor which are let out for £4,500 PCM to include bills. If a purchaser wanted this additional space they would need to assign the whole lease. Term 30 years with 28 years remaining.

Cellar (Below ground)
Large cellar room. Storeroom with shelving and beer drop. Beer cellar room with cooling systems. 2 x storerooms.

External
Frontage with decking area and parking for (5). Side gated area with parking for (25).

EPC Rating D

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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