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Multi Award Winning Indian Restaurant - Birmingham

Birmingham, West Midlands, England

  • Leasehold Price: £49,950  Price Reduced arrow_drop_down
  • Annual Turnover: £105,000
  • Annual Gross Profit: £52,500
Seller Reference: 6170
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Business Description
 
 
 
 
 
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Seller Reference: 6170
Request Details
Business Description
Multi Award Winning Restaurant - 'Balti Triangle' Location
Projected Annual Turnover £105,000 (Oct 2018/19)
Projected Gross Profit £52,500 (Oct 2018/19)
Seating For 110 Customers
Function Room Catering For 70
Scope For Lunch Time Trade
Currently Run Under Management
New Lease Available
EPC - C
REF 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. Projected Annual Turnover £105,000 (Oct 2018/19) with a
Projected Gross Profit £52,500 (Oct 2018/19)) and further 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)

Tandoori Oven

2 Freezers

2 Fridges

Itemised Cash Register (Samsung)

Wooden Tables

Leather Chairs

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)
Trading hours:
SUN - THU: 17:00 - Midnight FRI: 17:00 - 01:00 SAT: 17:00 - 02:00
Tenure:
Leasehold
Location Details:
Birmingham
Leasehold Term:
£500 Per Week
Listed by:
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