Restaurants for sale in Tipton

View the "Luxury 240 Cover Leasehold Restaurant For Sale In West Midlands" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 


I can honestly say I was overwhelmed by the amount of interest and enquires this generated. Very easy to advertise your business with great results!

Jo White (April 2016)
View More
Leasehold Price: £195,000 Price Reduced Annual Turnover: £780,000 Annual Gross Profit: £350,000 Annual Net Profit: £250,000
Request Details
Business Description
Ref: 13208
Price: £195,000

LOCATION
This leasehold restaurant which lies between Dudley and West Bromwich is truly spectacular. It is a detached freehold premises which has a prominent location on a busy main arterial road. It lies between 2 major supermarkets and a leisure complex.

BUSINESS DETAILS
This superb leasehold restaurant for sale near Birmingham was completed in August 2014 and took over 2 years to construct. It is now placed on the market as the Owners are involved in other business interests.

The business provides cuisine from all over the world buffet style, with predominantly Chinese, Indian and Continental food. It is operated by 20 staff of which 5 are part time. The Owner and his wife manage the business.

The marketing is undertaken largely through the website, with good quality SEO and leaflets distributed in the local area. The growth of the business has been exceptional as there is no other similar venue in the area. It has already won a local and quality client base.

The wow factor certainly lies in the size, presentation and finish of the premises. It represents an excellent investment and a business certain to be successful.

As part of the sale price the Owner’s would be available for an extended training period as well as consultancy to ensure a smooth handover if required.

TRADING HOURS
The business operated a lunchtime service from 12 pm to 3 pm (except for Monday and Tuesday lunchtimes), and a 7 day evening service from 6 pm to 11 pm

FINANCIAL DETAILS
The present annual turnover of the business is £780,000 with an EBITDA of approximately £250,000 pa. There is potential to double the turnover within the next 3 years which would yield a potential net profit of £500,000. The total value of the equipment is well in excess of £80,000.

PROPERTY DETAILS
The ground floor consists of a large service area and 120 covers. The property is new and is finished to an exceptional standard with many imported features. It must be viewed! There is a bar area and separate entrance to a fully fitted and equipped kitchen with a walk in fridge and freezer. On the first floor there are 100 covers with toilets to the side. The staircase to the first floor is spectacular.

TENURE
The business is sold under a new lease which is negotiable with a rental of £40,000 pa and the annual rates are £20,000.

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Em-Pwr Ltd. The information contained herein has not been verified by Em-Pwr Ltd. Complaints regarding the accuracy of the information contained herein will not be acknowledged by Em-Pwr Ltd. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on
Tenure: Leasehold

Location Details:

This leasehold restaurant which lies between Dudley and West Bromwich is truly spectacular. It is a detached freehold premises which has a prominent location on a busy main arterial road. It lies between 2 major supermarkets and a leisure complex.

Leasehold Term:

The business is sold under a new lease which is negotiable with a rental of £40,000 pa and the annual rates are £20,000.

Listed by: Em Pwr UK
Find out more about this business for sale opportunity by submitting the form below.
Contact Details Fields marked with an * are required by the seller
* * *
* * *
* *
* *

What happens next?
  • 1We send your email to the business seller
  • 2They will be in contact with you as soon as possible
Would you like ASC to contact you about finance options?
This is a no-obligation service. You will ONLY be contacted by your local
ASC Finance director. Your details will not be passed on to any third party.

13208L
Seller Reference:
Bookmark and Share
You May Also Like...
loading...