West Midlands Restaurant & Banqueting Suite For Sale

Business description

Advent Business Sales are pleased to offer for sale this well established restaurant and banqueting suite with excellent future potential.

This spacious premises was purchased by the current vendors in 2002, which was formerly a furniture store.

The restaurant officially opened for trading in December 2003 and has trading successfully to the current date.

The business has reluctantly been offered for sale due to the vendor’s personal commitments.

Since acquiring, the premises have experienced a total renovation project, which has included a large seated restaurant area and a first floor banqueting suite. An expense in the region of £400,000 has been spent to date to enable this venue to compete amongst the best in the industry.

At present, the business runs on the lines of an Indian restaurant, offering quality sub continental cuisine. The restaurant has a capacity of seating 80 comfortably with a central bar area.

The function room has facility to cater for up to 150 people. A private bar area and a movable stage offer excellent facilities.

Our client has been awarded several accreditations from critics, which has enabled longevity of business.

The premises are truly one of West Midlands finest venues and is highly popular for wedding and pre wedding parties, birthdays, anniversaries and corporate events.

In addition to the vendors, a brother a sister team, four full time and a bank of part time staff are employed.

The business is also available for sale on a Freehold basis at £750,000.

The premises need to be viewed to appreciate the magnitude of the venue. In addition, there is a further 4 rooms, which accommodate a modern and spacious living area.
REF: 9105WV

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold with freehold option
Original lease: TBN
Remaining lease: TBN
Review every: TBN
Rent: TBN

We are advised that the annual business rates are currently: TBC

Living accommodation:

Second Floor • Large 4 bed living accommodation: • Lounge, bathroom, kitchen and 4 bedrooms • Separate access External • Paved to shop front

Location:

Our client is conveniently located on a busy main road in Bilston town centre in the West Midlands. Local nearby business include a number of high street retailers, as well as independents retailers and a number of offices in the area all contribute in attracting a high level of footfall in a thriving town.

The town is currently undergoing a major expansion programme with the population planned to increase considerably in the next few years.

There are a number of free of charge car parks surrounding the business. The area has road links with the A41 less than 50 yards away, the business black country routes less than a mile away and the busy M5 and M6 within close proximity.

Premises details:

A very well presented double fronted restaurant with a prime town centre location with the added security of CCTV and alarm system, comprising of:

Ground Floor
• Double fronted restaurant leading into foyer area
• Reception and waiting area with comfortable leather sofas
• Large central bar area
• 80 seater restaurant
• Excellent music and media entertainment centre
• Rear areas include fully equipped commercial kitchen
• Ladies, gents and disable toilets
• Storage areas
• Cellar
• Access to first floor
• Rear fire door access

First Floor
• Banqueting suite with capacity for 150 people
• Private bar area
• Ladies gents and disabled toilets
• Ample storage and preparation facilities
• Stairs to upper floor

Other information

Expansion potential:

The business has huge potential to increase both sales and profits vastly by:
1. Increased advertising incorporating further West Midland areas
2. extending opening hours ie; afternoons for corporate lunches, currently closed Monday’s
3. Introducing further themed events
4. the business would ideally suit an individual or a partnership with experience in banqueting and function delivery

Trading hours:

Mon: closed
Tues – Sun: 6pm – mid night

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