Multi Award Winning Restaurant in the 'Balti Triangle'
Latest Financial Year End Accounts Available
Annual Turnover (Oct 2018) £84,759
Gross Profit (Oct 2018) £53,603
Accounts Available After Viewing
Seating For 110 Customers
Function Room Catering For 70
Scope For Lunch Time Trade
Currently Run Under Management
New Lease Available
EPC - CREF 6170 – Leasehold Multi Award Winning Indian Restaurant
Blacks Brokers are pleased to bring to the market this leasehold Indian Restaurant located in a very busy and much sought-after area of Birmingham, West Midlands. INTRODUCTION
Al Frash - The Butterfly Balti has been trading on Ladypool Road since 2001 with our client in ownership since opening. The restaurant has become very well known with a superb reputation, along with many excellent online reviews and a strong online following. Al Frash Balti has been awarded with numerous recognitions including The Observer’s “#1 UK Budget Restaurant” and The Guardian’s “#6 UK Best Indian Restaurant” amongst many others.LOCATION
Situated in the heart of the Balti Triangle – the business is positioned in an area renowned for its Indian Cuisine. This area is close to Birmingham City Centre and the ICC and is well linked by the M6.
Parking is available close by and public transport links are excellent.REASON FOR SALE
The business is only being offered for sale due to our client’s other business commitments creating a lack of time to dedicate to this busy restaurant. LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. A new lease will be fully negotiated with the business sale and will run at a cost of £500 per week.BUILDING LAYOUT AND DESIGN
Al Frash - The Butterfly Balti is positioned within a well-presented and substantial property with bright LED 3D - electronic signage displayed to the front above a fully glazed frontage. Inside, the restaurant is beautifully presented, with seating for just over one-hundred which is split between the ground and first floor. There is an immaculate bar and servery positioned within the ground floor. The kitchen and food preparation area is also located on the ground floor and is professionally equipped with walk-in cold room, tandoori oven and much more. The business also has a dedicated function room which caters for 70 people.
Customer toilet facilities are available on both floors.
All areas of this stunning restaurant are finished to a high standard, with excellent fixtures and fittings in place throughout.STAFF
The business is currently operating with eight members of staff in employment. Our client is not involved in the day to day running of this business.FINANCIAL DETAILS
Al Frash - The Butterfly Balti has traded solidly throughout its trading history. Annual Turnover (Oct 2018) £84,759, Gross Profit (Oct 2018) £53,603, financial information available following a viewing of the business.SUMMARY
This is a rare opportunity to acquire a highly acclaimed and multi award winning Indian Restaurant in the heart of Birmingham’s famous Balti Triangle.
The premises are superbly presented and extensively equipped allowing new owners to concentrate on driving the business without the need to invest in decor or equipment.
Early viewings are strongly advised. Fixtures:
Air Conditioning On Both Floors (Hitachi)
Walk In Cold Room
12 Burner Cooker/Oven (Southbend)
Itemised Cash Register (Samsung)
Industrial Flooring in Kitchen
Stainless Steel Splash Backs Throughout Kitchen
6 On-Site Toilets Including Disabled and Staff Only Access
LED Low Energy Lighting Installed Throughout Restaurant in 2017 (Philips)
SUN - THU: 17:00 - Midnight
FRI: 17:00 - 01:00
SAT: 17:00 - 02:00
£500 Per Week