Restaurants for sale in Kings Heath

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Caribbean Restaurant and Takeaway in Kings Heath, Birmingham

Kings Heath, West Midlands, England

  • Leasehold Price: £39,950
  • Weekly Turnover: £2,500
Seller Reference: restkheathKS
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Business Description
 
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Seller Reference: restkheathKS
Request Details
Business Description
This is now a very well-established concern which enjoys all the considerable commercial advantages of a fantastic trading position amongst local retail businesses in Kings Heath.

Operating from well-fitted and presented premises, the business currently primarily offers a full and varied in-house takeaway menu of classic Caribbean food, snacks, sandwiches, lunches, side orders, pastries and beverages prepared freshly to order in its fully equipped catering facilities and served in the pleasant surroundings.

There is scope for continued growth, not least with regard to a degree of menu and product expansion, the possible provision of local delivery and outside catering services and to the possible introduction of full weekend trading in order to exploit year-round local demand. The business would also benefit greatly by adopting a far more vigorous marketing policy of its excellent existing facilities and services.

Current turnover in the region of £2500 per week (average) with huge scope to increase.

Lease: The premises are being offered with the benefit of a new lease.

Rent: The current rent stands at approximately £18000 per annum.

We are advised that the Business Rates are zero per annum.

Trading Hours: 6 days. 12pm-8pm Mon, Tues and Thurs, 12pm-10pm Fri and Sat, Sun 2pm-8pm. Closed Wednesday.

Staff: 2 full-time, 2 part-time.

According to the owner, if the establishment was completely family run the profit per week could increase significantly. Other potential to gain greater turnover/profits would be to open 7 days and extend opening hours. Breakfasts have been highlighted as a great potential as well as external catering, i.e. Street Food.

The Shop has storage and office space upstairs which maybe in turn lend itself to accommodation in the future. The building also has a cellar which could perhaps be used for further storage.

Fixtures & Fittings: The business is well fitted throughout and an inventory of equipment is to be included in the sale price (list available on viewing). It is important to note the Commercial Kitchen can cater quite easily for greater external catering without further investment.

Viewing Arrangements: All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.

All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.
Tenure:
Leasehold
Leasehold Term:
Rolling lease. A new lease is available.
Listed by:
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