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Leasehold Italian Restaurant Located In Solihull For Sale

Solihull, West Midlands, UK
Asking Price:
£195,000 Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

Leasehold Italian Restaurant Located In Solihull. Self Contained Two Bedroom Accommodation Above. Impressive Weekly Turnover. Late Bar Licence.

This established Italian restaurant is situated in Solihull. Opened by the current owner in December 2021, the restaurant is now offered for sale so they can concentrate on other projects.
Since opening, the current owner has refurbished and redecorated the premises, investing in equipment, fixtures and fittings to create a distinctive dining environment. We are advised that all equipment, fixtures and fittings included in the sale are fully paid for. The (100) seater restaurant serves authentic Italian cuisine in attractively presented surroundings, complemented by a dedicated bar area. They have an impressive weekly turnover which can be discussed on application. They enjoy a strong reputation within the local community and beyond, with an established base of regular customers. There may be scope to develop trade further through morning opening and the introduction of a breakfast menu. The sale also includes self-contained two-bedroom accommodation above the restaurant, providing additional flexibility for an incoming owner. This is an attractive opportunity to acquire an established restaurant with a distinctive interior, well-equipped premises and scope for further development.
Early viewing is highly recommended.

Property Information

Property:

Leasehold

Lease Terms:

Term: 15 years
Remaining: 12 years
Rent: £20,000 p per annum
Reviewed: 5 yearly
Rates: £7,000 per annum

Living Accommodation:

First Floor Accommodation. Door leading to a hallway. Kitchen/dining room. 2 x Double bedrooms. Bathroom with shower cubicle, W/C and wash basin. The flat benefits from gas fired central heating, UPVC double glazing and can be sub-let for £1,200 PCM

Location:

This busy Italian Restaurant is situated in the Solihull area.

Premises Details:

Ground Floor
Vestibule entrance porch leading to main open plan restaurant comprising: reception desk, ice cream freezer, stage with keyboard, music system and speakers, tables & chairs to cover (100), cake display fridge, double door wine chiller, bar area with 4 x two door undercounter fridges with worktop (Contender), ice machine (Polar), espresso coffee machine (Fiamma), coffee grinder (Iberital), bar servery with 2 x beer taps, soft drink dispenser, spirits/glass storage unit, storage unit, stainless steel sink drainer, stainless steel wash basin, glass washer (Contender), prep area with sink drainer, wall mounted unit, undercounter freezer and upright chiller. The restaurant has air conditioning which also blows hot air when required.
Cellar room with storage shelves.
Staff W/C with wash basin, wall mounted mirror.
Office with CCTV monitor and floor safe.
Kitchen comprising: open pass with 4 x hot lamps, stainless steel hot cupboard with worktop, chest freezer (Logik), stainless steel sink, stainless steel wash basin, saladette with 3 door undercounter fridge, metal shelf, 2 x stainless steel table, 4 pot wet bain-marie, chargrill, rotisserie, deep fat fryer (Quattro), combi oven (Halinox), upright freezer, 4 tier metal storage units, 4 x stainless steel tables, 2 burner range with solid top, 6 burner range (Falcon), food mixer, food blender (Majimix), stainless steel table with commercial tin opener, extraction canopy, dishwasher, dual stainless steel sink with directional hose, 7 x wall mounted metal shelves (Quattro), walk-in cold room with 4 x metal storage units and rear exit door.
Ladies W/C with wash basin, wall mounted hand dryer and wall mounted mirror.
Gents W/C with wash basin, wall mounted hand dryer and wall mounted mirror.
Disabled W/C with wash basin, wall mounted hand dryer and wall mounted mirror.

External
Rear yard with metal stairs leading to the first floor accommodation.

Energy Performance Rating:
D

Business Operation

Trading hours:

Monday – Thursday – 12:00 – 14:30 – 17:00 – 22:00
Friday & Saturday – 12:00 – 22:00
Sunday – 13:00 – 21:00

Other Information

Inventory / Stock value:
£3,000