Licensed Indian Restaurant and Sweet Shop in Birmingham For Sale

Situated in a parade, busy trading position, bohemian vibe, music festivals, and leafy streets, BIRMINGHAM

Turnover £ 10,500
Price £150,000

Features

Licenced Indian Restaurant Plus Indian Sweet Shop

CAR PARK TO REAR
FULL ON LICENCE
Tables and chairs providing seating for 100 People.

DOUBLE FRONTED PREMISES in the region of 1,980 ft² with tiled floor, spot and hanging lighting. Bar, EPOS till, 3 glass fronted drinks display fridges. Tables and chairs providing seating for 60 People.

Kitchen with stainless steel extractor unit, Tandoori oven, 8-burner Cooker, deep fryer (2 pan), large bain marie, 3 fridges, 2 freezer, dumbwaiter.

Ladies' & gentlemen's & Disabled Toilet with w.c. and wash hand basin.

Basement, used for storage purposes, .
Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

First floor in the region of 500 ft² with;
Additional Seating for 40 People.
Ladies' & gentlemen's Toilet with w.c. and wash hand basin..
Preparation Kitchen, dishwasher, dumbwaiter.
Walkin coldroom

Second and Third Floors in the region of 820 ft² with 6 additional room used for storage
Staff Toilet with w.c., shower and wash hand basin.

SWEET SHOP with tiled floor, 3 cool display counter with refrigerated storage section, cash register, hot cupboard, bean to cup coffee machine, Indian tea machine, 2 x drinks display fridge (glass fronted upright double-door)

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. plus £4,000 p.w. on Indian sweets with a Gross profit of 60% approx.

NO ONLINE SALES CURRENTLY

Staff

The business is at present operated by the Staff with 6 full time & 4 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 10am - 10pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £34,800 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote