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Newly Refurbished Independant Bar And Restaurant In Birmingham For Sale

Birmingham, West Midlands, UK
Asking Price:
£59,950
Turnover:
£200K - £500K
Net Profit:
£50K - £100K

The Business has been in the same hands for over 8 years running as a successful restaurant and free of tie bar, fully refurbished in 2019 so in a impressive condition throughout.

TURN KEY OPERATION !!!!!!

On entering the attractive grade II listed building there is a lobby and disabled toilet, then through a glazed door, down two steps you enter the bar area that seats 14 covers comfortably with another 12 bar stool tables.

The Kitchen is located behind the bar area, brand new extraction system, 18 month old bespoke state of art induction suite with built in twin fryers

Based over two floors with the restaurant and toilets located on the first floor looking over Gas St and the canal basin. The main restaurant holds up to 40 covers with a further 16 covers in a private dining area.

Brand new toilets consisting of 2 urinals, 2 sinks and 1 cubical in the mens with the womens having 2 cubicles and 2 sinks, both have air-blade driers (very high standard)

There is also an outside area to the from of the building with further 14 covers (street license fee required)

The business has traded successfully for eight years with trading history available to view on application ranging from £5000 to £15000 per week.

Due to other business opportunities the owner can no longer manage this site and has reduced the opening hours until sold, it is currently managed by a married couple that can be part of the sale or not depending on your requirements.

The Lease is currently until 2028 reviewed every 5 years

Lease £28,500 per annum
Service £10,356 per annum (INCLUDING ELECTRIC BILLS)

You will be required to produce a Business plan or trading history along with 3 months rent in advance and 3 months rent as a security deposit.

This is a truly immaculate and well designed bar and restaurant with real potential in the right hands

£59,950 OVNO

Property Information

Property:

Leasehold

Leasehold Rent:

£28,500 per annum

Location:

Birmingham Centre

Premises Details:

Grade II listed two story building

Size in square feet:
1400 sqft
Planning Consent:

A3

Business Operation

Employees:
4
Years established:
8

Other Information

Support & training:

Help with the exchange possible including CCTV, till system, coffee machine and suppliers

Website:
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Contact Information

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