Leasehold Restaurant Located In Sutton Coldfield
Licensed 126 Seater Restaurant
Ref 2983

Asking Price £99,950 plus SAV (2,500)

Location
This respected Greek Restaurant & Mezza Bar is located in Sutton Coldfield, West Midlands. Situated within a prominent and highly visible trading position on Maney Corner which is set back from the very busy (A5127) Birmingham Road. The immediate area offers a range of retail shops to include, cafes, restaurants and some large retailers which bring high levels of footfall to the area. Sutton Coldfield town centre is just a short walk away.

Business Description
Veritas Business Sales offer to the market this delightful Restaurant is located in Sutton Coldfield. The business was established by our clients back in 2014 and they are now offering the restaurant 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 as additional funds will not need to be spent for some time. The Restaurant is owner operated with the help of 5 full time & 6 part time members of staff and has an annual turnover of circa £500,000. They serve rustic, authentic starters, main courses, sides, salads, deserts, specialist coffee & teas and a selection of alcoholic beverages to include an extensive wine list. All dishes are freshly prepared to order and ingredients are from local, organic & sustainable sources as much as possible.
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 (except Asian cuisine) which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday & Tuesday - closed
Wednesday - Saturday - 17:00 - 22:00
Sunday - 13:00 - 21:00

Leasehold
Term: 15 years
Remaining: 5 years
Rent: £54,280 plus vat pa
Service Charge: £3,496 plus vat pa
Rates: £4,802 pa
Gas: £480 plus vat per month

Ground Floor
Vestibule entrance leading into the open plan restaurant & bar.
Restaurant with tables & chairs to cover (80), private dining area with seating for (16), stairs for customers leading to the first floor restaurant, cutlery cabinet, display & storage cabinet, bar area with servery, 2 x draught beer pumps, EPOS till, espresso coffee machine (Fracino), coffee grinder (Fracino), stainless steel sink, 2 x two door undercounter drinks fridges, spirit display shelves and glass display shelves, countertop wine fridge, glasswasher (Maidaid), ice machine (Hoshizaki), worktop, stainless steel worktop and 2 x wall mounted metal shelves.
Wine storeroom and electric metre cupboard.
Gents W/C, 2 x urinals, 2 x wash basins, 2 x wall mounted mirrors, wall mounted soap dispenser and wall mounted hand dryer.
Ladies 3 x W/C, 2 x wash basins, 2 x wall mounted mirrors, wall mounted soap dispenser and wall mounted hand dryer.
Disabled W/C, wash basin, wall mounted soap dispenser and wall mounted hand dryer.
Kitchen comprising: stainless steel worktop, 2 x undercounter freezers (Gram), 2 x microwaves (Sharp), walk-in cold room (Foster), stainless steel sink/worktop, dual stainless steel sink with drainer, hot cupboard with bain-marie and pass, 2 x 6 burner ranges (Blue seal), salamander grill (Blue seal), chargrill (Blue seal), 2 x deep fat fryers (Blue seal), pasta boiler (Blue seal), extraction canopy, 2 x saladettes, stainless steel worktop with 3 door undercounter fridge, stainless steel worktop with 4 draw fridge, undercounter freezer (Beko), metal shelf, triple pizza oven (Italforno), stainless steel worktop with can opener, food mixer (Kenwood), vacuum packer, convection oven (Rational), utensil rack, 3 x metal storage units, dishwasher (cater-wash), dumbwaiter, metal trolley, stainless steel sink with directional hose and stainless steel table with 2 x shelves. Storeroom with upright ice cream freezer (Foster), dough mixer (Metcalfe), stainless steel table, metal trolley, storage cupboard, gas metre and stairs leading to upper level and steps leading down to lower level.
Upper level
Staff changing room with lockers, wash basin, wall mounted mirror, shower cubicle, electric shower (Gainsborough) air-conditioning unit, W/C and cloak area.
Office with desk, chair, CCTV monitor (8 camera system) and 2 x 2 door draws.
Lower level
Storage area with 2 x chest freezers, walk-in cold room (foster), 3 x storage units and rear exit doors.

External
Rear parking for (3) and bin area.

First Floor
Private dining room for with seating for (30), air-conditioning unit, projector screen and bar area with draught beer pump, stainless steel sink, 2 door undercounter drinks fridge (Gamko), glasswasher (Comenda), EPOS till, worktop and shelving. Curtained area for the music system, preparation area, dumbwaiter access and cutlery/glass storage.
Storeroom with upright wine fridge, hot cupboard and vented water tank.
Gents W/C with urinal, wall mounted mirror, wall mounted soap dispenser and wall mounted hand dryer.
Ladies 2 x W/C's, 2 x wash basins, wall mounted mirror, wall mounted soap dispenser and wall mounted hand dryer.

The restaurant benefits from air conditioning units/hot air blowers.

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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