WELL PRESENTED FREE OF TIE BAR
Price:
Leasehold - £209,950
Location:
West Midlands , Birmingham
Business Type:
Food Service Businesses, Pubs
WELL PRESENTED FREE OF TIE BAR
Prominent location in Birmingham Jeweller Quarter
Advised weekly turnover of £6,000 and increasing
Early interest and viewing is highly recommended
Huge scope to increase turnover
Brand new fixtures & fittings
Vibrant part of Birmingham
Excellent growth potential
Rent £23,918 per annum
Land registered lease (only break is at three years in the tenants favour)
Free of tie
Enquiries via Meridian Business Sales ONLY
LEASEHOLD
Business History
Meridian Business Sales are privileged to offer to the market this prominent swanky free of tie licensed bar/restaurant and coffee lounge. A prime example of the modern gastro and coffee bar, Fredericks Coffee Lounge & Bar is a stylish hang out in the heart of Birmingham's Jewellery Quarter. Invoking visions of the street side coffee and fine dining culture associated with Seattle and Vancouver, the vintage chic of dark wood, leather and chrome favoured at Fredericks is as inviting as it is fashionable. The business was set up from an empty premises 6 months ago by our clients and was purely done as a development project. This superb concern is being offered to the market now because the project is completed and ready for a new owner operator to take it to its full potential. Our client informs us that the turnover for the business is in excess of £6,000 per week and rising. The turnover is derived from 80% wet sales where they are big on spirits, champagnes, fine wines and coffees. The other 20% is from the restaurant where they serve, light bites, sandwiches, panini’s, Tapas and salads. They benefit from a strong repeat customer trade as it’s surrounded with retail shops, commercial concerns and offices it also benefits from passing trade as the famous Jewellery Quarter attracts many visitors from afar. The business is overseen by the owners but run by 2 full time and 5 part time/casual staff. During our clients ownership they have completely renovated the site and made huge investment in top quality equipment along with fixtures and fittings which are all included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. We believe that there is huge potential to increase turnover now with a new owner operator as the new late licence has only just been granted so longer hours and themed nights can give it that extra income stream along with concentrating on pushing food sales. Early viewing is highly recommended as this business cannot be missed.
This well appointed bar, restaurant and coffee lounge is situated on a prominent corner plot in the heart of Birmingham’s world famous Jewellery Quarter. It’s a vibrant and up and coming area and Birmingham City Council's plan to develop the Jewellery Quarter into a hub for creative businesses which has attracted significant amounts of private investment into the Quarter in recent years. Numerous proposals have been made and approved for mixed use schemes in the area. Due to being a conservation area, many schemes involve the refurbishment of existing buildings although there are many new build projects as well. It is synonymous with the manufacture of jewellery and coins and medals in Birmingham and has been the birthplace of many pioneering advancements in industrial technology. The Jewellery Quarter's importance in the international jewellery industry has declined much throughout the 20th century and is now being transformed into an urban village and hub for creative businesses, whi
Original length: 10 years
Remaining: 9½ years
Review: 3 yearly
Rent: £23,198pa
Opening Hours
Sunday to Wednesday: 8:00am – 11:00pm
Thursday: 8:00am – Midnight
Friday: 08:00am –
Prominent corner plot bar situated in the heart of Birmingham’s Jewellery Quarters, briefly comprising;
GROUND FLOOR
Door into open plan bar with bar servery, under counter drinks chillers and a selection of fine champagne, fine wine, spirits and glass displays, new espresso coffee machine with grinder, selection of high and low table and chairs along with leather and soft seating areas
Gents toilets
Ladies toilets
Room behind bar with CCTV monitor and music system
Catering kitchen with sink drainer, wash basin, glass washer, 2 x fat fryers, panini machine, microwaves and storage shelves
Dry storage room with shelving
Communal hallway/fire exit
EXTERNAL
Front yard area with tables and chairs and off road parking for 5
North Yorkshire
£ 750,000
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