For Sale

Restaurant

CS0161 Birmingham, West Midlands


£220,000

  • CCTV
  • Fixtures and Fittings Included
  • High Turnover
  • Parking
  • Wood Fire Pizza Oven


The Opportunity:
* Weekly turnover in excess of £10,000
* Option to purchase a new lease or the freehold
* Nill Business Rates
* Two bedroom flat with rental income of £800.00 per month
* 5 Food Hygiene Rating

Opportunity to keep the franchise brand name for £50 per week


Reason For Sale:
* Our client is selling this business in order to focus on other business interests that are geographically closer to home.

Location:
* The store is located on a busy street close to a residential area and benefits from high levels of footfall and passing trade.
* The shop sits alongside other complimentary retail businesses including several well-known high street names.
* The store is well presented and maintained, with clear visible signage.

Internal:
* Internal area of 158 sq.m (1700 sq. ft)

External:
* There is secure customer parking available to the front and rear.
* Delivery access to the rear

Weekly Turnover
* We have been advised by our client that the weekly turnover on average £10,000.
*The business is a member of Just Eat, Uber Eats and Deliveroo.

Tenure
* The business is offered for sale with a new 20 year lease with further further terms to be negotiated.

* Option to purchase the freehold for £350,000 plus the goodwill of £220,000.

Trading Hours:
Monday - Thursday 12:00pm - 9:30pm
Friday - Saturday 12:00pm - 10:00pm
Sunday - Closed

Staff
* The business is run and managed by one full time and five part time members of staff.

Accommodation
* included in the sale, a two bedroom flat that benefits from seperate access. Currently rented out for £800.00 per calender month but may be vacant upon possession if required.

Rent:
* The rent payable per annum is £22,000 ( Includes the accommodation )
* Rental income from the accommodation can offset the rent payable to £12,400 per year.

Fixtures and Fittings
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.

Rates
* Purchasers should enquire with relevant local authorities to confirm the rates payable

Legal costs
* Each party to be responsible for their own legal costs in connection with the sale.

Trading Information
* Full accounts will be made available to seriously interested parties after they have viewed the business.

Regulatory
* A5 Licence
* 5 Food Hygiene Rating

Viewing arrangments:
* Mailbox Estates highly advise early viewing to avoid disappointment.
* Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR OR ANY OF IT'S STAFF.

DEPOSIT
*Successful Applicants will be required to pay a non-refundable deposit.

Mailbox Estates highly advise early viewing to avoid disappointment.

PYPE EPC

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