Restaurants for sale in Birmingham

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Restaurant Kings Heath Birmingham

Birmingham, West Midlands, England

  • Leasehold Price: £42,950
  • Annual Turnover: £208,000
Seller Reference: 11082
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 11082
Request Details
Business Description
Restaurant in Kings Heath town centre for sale currently operating as an Indian restaurant just off the High St in an excellent road with other shops and restaurants in a good residential area south of Birmingham. The business is operated from corner premise with front restaurant area and bar with 40 covers rear fully fitted and equipped kitchen useful cellar and store and ladies & gents WC’s with covered space outside for more seating in the summer & a garage. Takings average £4,000 per week with a gross profit yield in the region of 65% operating evenings only. The property is secured on a 15 year lease with a rent of £15,000 per year. The current owner who works with a chef and a front of house both who would stay on in the event of a sale has other business interests that he must look after. Great opportunity.
Trading hours:
5.00pm to 11.00pm Sunday to Thursday & 5.00pm to 11.30pm Friday & Saturday
Tenure:
Leasehold
Location Details:
Located in one of the premier roads in Kings Heath off the High Street with other restaurants and shops
Leasehold Term:
15 year lease subject to 5 yearly rent reviews and with a rent of £15,000 per year
Listed by:
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