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Restaurant With Accommodation In Solihull For Sale

Solihull, West Midlands, UK
Asking Price:
£95,000
Turnover:
£182,000
Net Profit:
£50K - £100K

A fabulous opportunity on the market for the first time in 30 years a fully fitted and equipped licensed restaurant with 40 covers inside and 75 covers to the rear garden plus 2 bedroom accommodation situated on a very busy main road in a semi rural village location in Solihull. The premise briefly comprises ground floor reception/bar area front seating area rear seating area kitchen ladies & gents WC’s and to the outside seating for up to 75 under various covers storage rooms staff WC and Garage used for storage. There is parking to the front for up to 4 vehicles and side driveway providing further parking. To the first floor there is a lounge 2 x double bedrooms and bathroom the premise has gas fired central heating throughout and is secured on a 15 year lease with a rent of £14,500 per year. The business specialises in fish seasonal game and English puddings and is open 48 weeks a year most lunchtimes and evenings. The business is operated by a husband and wife team with some part time staff and gross takings average at present around £3,500 per week. This is a great opportunity to purchase a very well known restaurant just 2 miles from Solihull town centre.

Property Information

Property:

Leasehold

Lease Terms:

A new 15 year lease subjexct to 5 yearly rent reviews

Leasehold Rent:

£14,500 per annum

Living Accommodation:

First floor lounge 2 x double bedrooms and bathroom

Location:

The property is located about 2 miles from Solihull town centre situated on a busy main road in a rural village setting

Premises Details:

The premise briefly comprises ground floor reception/bar area front seating area rear seating area kitchen ladies & gents WC’s and to the outside seating for up to 75 under various covers storage rooms staff WC and Garage used for storage. There is parking to the front for up to 4 vehicles and side driveway providing further parking. To the first floor there is a lounge 2 x double bedrooms and bathroom the premise has gas fired central heating throughout

Planning Consent:

A3 Cafe & Restaurant use

Business Operation

Reasons for selling:

Retirement sale after 30 years

Trading hours:

Monday 6.00pm to 10.00pm Tuesday to Friday 12.00pm to 2.00pm & 6.00pm to 10.00pm Saturday 6.00pm to 12.00pm and Sunday 12.00pm to 3.30pm

Employees:
Operated by husband and wife team with part time staff
Years established:
30 years

Other Information

Financing available:

Hurdley & Co can introduce you to various business brokers depending on your circumstances. We have built up a good relationship over many years and have every confidence in them to provide you with a first class professional service.

Contact Hurdley & Co

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