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Leasehold Italian Restaurant/Deli In Birmingham For Sale

Birmingham, West Midlands, UK
Asking Price:
£24,950 Furniture / Fixtures included
Turnover:
Not applicable
Net Profit:
Not applicable

Leasehold Italian Restaurant & Deli is located in Hall Green. Licensed on & off premises. A5 Consent. Potential for Accommodation Above.

Veritas Business Sales offers the market this Italian Restaurant & Deli, which is located in Hall Green. The business has been in the careful hands of our client for the past 4 ½ years and is now being offered for sale so that they can enjoy a well-deserved retirement.
Since ownership, they have continually invested in new equipment along with fixtures and fittings, which are all bought, paid for, and included in the sale price. Giancarlo’s is a 30-cover Italian restaurant that is owner-operated and has a weekly turnover of circa £2,500 on trading just 4 evenings per week. We are only selling the lease and fixtures & fittings. The business and name are not being transferred, so no accounting information will be available.
We believe that there is further potential to increase revenue, should you wish, by opening throughout the daytime and opening more evenings. The business enjoys a strong reputation within the local community and beyond and, as such, has a high level of regular and repeat business. This is a superb opportunity to purchase a restaurant in a prominent location, and as such, early viewing is highly recommended.

Property Information

Property:

Leasehold

Lease Terms:

Term: new 6 year lease available
Rent: £15,500 pa
Business Rates: currently zero

Living Accommodation:

First Floor
Lounge.
2 x double bedrooms.
Single bedroom.
The first floor is currently used as storage but with some conversion would make a nice 2 bedroom flat.

Location:

Veritas Business Sales are delighted to offer to the market this Italian Restaurant & Deli which is located in Hall Green, Birmingham. Situated within a prominent and highly visible trading position on the very busy Stratford Road (A34). Its within a parade of shops and is opposite Waitrose Supermarket and Aldi Supermarket is nearby all of which bring high levels of passing footfall to the area. Hall Green is well serviced by public transport and is densely populated with residential properties. Birmingham City Centre is (6 miles) away and Solihull Town centre just (3 miles).

Premises Details:

Ground Floor
Entrance door leading into a small vestibule porch.
Restaurant comprising: tables & chairs to cover (20), 2 x retail display racks, storage worktop with wine storage rack and base storage unit, bar area with undercounter drinks fridge (Cater-cool), storage shelves for glassware, bean to cup coffee machine (Greenworks coffee), cash register (Casio), stainless steel sink and 4 x storage shelves.
Kitchen with 4 burner range (Lincat), 6 burner range (Lincat), hot food cupboard (Lincat), extraction canopy, stainless steel worktop with can opener, combination boiler (Main), wall mounted paper towel dispenser, wash basin, stainless steel sink, stainless steel table, dishwasher (Alfa Euroline 40) and rear exit door.
Storeroom with 2 x storage units, chest freezer (Logik) and upright stainless steel fridge (Gastro-line). Hallway with storage area, storage cupboard and stairs leading to the first floor. Customer W/C with wash basin, wall mounted mirror and wall mounted paper towel dispenser.

External
Frontage with seating area for (6).
Rear garden/yard area with an outside storeroom.
EPC Rating C
The property benefits from gas fired central heating, canopy to the frontage and electric roller shutters to the frontage.

Planning Consent:

A5

Energy Performance Rating:
C

Business Operation

Reasons for selling:

Retirement

Trading hours:

Current Opening Hours
Wednesday – Saturday – 18:00 – 22:00
Licensing hours – 12:00 – 23:00