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

Asking Price £129,950 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 serves Punjabi/Indian/Pakistani dishes and 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

Ground Floor
Entrance door with small vestibule porch and dumbwaiter lift access to the below cellar.
Restaurant comprising tables & chairs to cover (86), 2 x air conditioning units, bar area with worktop, sink drainer, glasswasher, soft drinks dispenser, EPOS till with cash draw, 2 x two door undercounter fridges (Prodis), blender (Ninja), hot towel cupboard and cellar hatch access with stairs leading down the cellar .
Kitchen with 9 burner Indian cooker, 2 x stainless steel tables, 2 x deep fat fryers (Lincat), extraction canopy, electric oven, tandoori clay oven, metal trolley, saladette with 2 door undercounter fridge (Tefcold), hot cupboard, saladette with 3 door undercounter fridge (Polar), large gas burner, stainless steel table with 2 door undercounter fridge (Gastro-line) 4 x wall mounted metal shelves, blender (Nutribullet), dough mixer, dual stainless steel sink drainer, metal draining rack, utensil rack, wall mounted knife rack, fridge/freezer (Samsung), metal storage table/unit, 2 x commercial microwaves (Panasonic) and rear exit door.
Ladies W/C with 2 x wash basins, 2 x wall mounted mirrors, wall mounted soap dispenser and wall mounted hand dryer.
Gents W/C with urinal, wash basin, wall mounted mirror, wall mounted soap dispenser and wall mounted hand dryer.
Disabled W/C with wash basin, wall mounted mirror, wall mounted soap dispenser and wall mounted hand dryer.
Hallway with cloak hooks.
Cellar below ground storeroom.

External
Rear yard with storage area, bin area, side exit doors and walk-in cold room. Frontage with off road parking for (5).

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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