Leasehold Indian Restaurant Birmingham For Sale

Business description

Business Details
The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• A business with great potential which has not been exploited because of family reasons .
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this restaurant which has been in the hands of the current owner since 2005 and he now wish to sell due to relocation.

This very good business opportunity provides Indian curries, soft drinks and snacks.

The concern employs 4 full time staff members, all of which are being paid above minimum wage.

The owners’ role is quite hands on and he works full time.

The owner markets the business through the use of local leaflet drops in a 10 mile radius of the restaurant.

As far as competition is concerned there are a few restaurants in the area which are similar in respect to size and type of products served.

The client base consists of 95% English custom, with ages ranging from 16+.

The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and Internet advertising.
• With the introduction of a website and e-commerce.
• Obtain Alcohol License many competitors don't have one
• Take advantage of its proximity to local hotels and Birmingham airport.

The owner would be available for a business familiarization period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Financial Details
The turnover for 2008- undisclosed with a gross profit- undisclosed and a net profit- undisclosed. The present value of the stock- undisclosed, and the fixtures fittings and equipment are worth £ 15,000.
Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 15 years with 10 years remaining. The rent is £9,620 p.a with a review in every third year. The rates are £1,500 p.a.

Location:

This superb business opportunity is situated in the city of Birmingham in the West Midlands .It is on a main arterial road and enjoys much traffic flow and there is a good foot flow of pedestrians. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample free parking nearby.
The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers. There are also busy industrial estates and Birmingham Airport nearby.

The location is well linked with the Small Heath and Tyseley railway stations 0.5 miles respectively. There are also good links to the M42, providing access to the south and the M40 as well as the north and the M6. The business has clientele from a 20 mile radius. The locale offers a good lifestyle opportunity.

Premises details:

The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front with signage above. The main customer service area is carpeted with seating consisting of booths and tables along the side walls, with a bar area and access the kitchen to the rear. It is very well presented and is very conveniently laid out.

The restaurant has 56 covers. The customer service point is to the rear of the main customer area.

To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.

Other information

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and Internet advertising.
• With the introduction of a website and e-commerce.
• Obtain Alcohol License many competitors don't have one
• Take advantage of its proximity to local hotels and Birmingham airport.

Competition / Market:

As far as competition is concerned there are a few restaurants in the area which are similar in respect to size and type of products served.

Support & training:

The owner would be available for a business familiarization period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Reasons for selling:

Owner wishes to sell due to relocation.

Trading hours:

The business operates from Monday to Sunday between 5:30pm and 12:30am.

Furniture / Fixtures value:

£15,000 (included in the asking price)