RESTAURANT /T/AWAY WEST MIDLANDS F/H £1,000,000 L/H £250,000

FREEHOLD:
£1000000

LEASEHOLD:
£250000
LOCATION
Our client is located on a main road in an extremely upmarket area south of the city of Birmingham.

The detached property occupies a highly visible position and benefits from extensive parking for its customers to the front of the restaurant.

The restaurant is sited in approx 1 acre of land with opportunities for development (subject to planning).

There are two garden centres next to the business, which attracts customers to the area.

The location has become one of the Midlands most desirable areas for both businesses and residential housing due to its breath taking countryside, policy of affordable housing, excellent schools and local hospital.

By car the business is well situated for access to the motorway system, to the M40/M42 and M5.

THE BUSINESS
Advent Business Sales are pleased to offer to the market this extremely well established Chinese restaurant, which was established in 1992 by our client, who has now decided to reluctantly decided to sell, due to his wish to pursue other business interests.

The business runs on the lines of a traditional Chinese restaurant offering, Cantonese and Peking dishes as well as a highly extensive seafood menu.

The restaurant has an excellent reputation and consequently a high number of repeat customers, word of mouth recommendation brings in many new customers.

The fixtures and fittings, decoration and general ambience is excellent.

There is a capacity of 100 covers, which offers an excellent opportunity to any buyer to acquire a thriving, popular business with immense future potential an early viewing would be strongly advised
Six full time and one part time employee staff the business.

The equipment includes:
• 6 burner wok cooker
• 5 burner commercial cooker with double oven
• extractor hood over
• Double stainless steel sink with double drainer
• Walk in fridge approx 8 x 10ft
• Prep tables
• Freezers
• Fridges
• Coffee maker

TRADING HOURS
Mon – Thurs: 12 – 2.30pm
6pm – 10.30pm
Fri – Sat: 12 – 2.30pm
6pm – 11pm
Sun: 12 – 2.30pm
6pm – 10pm

EXPANSION POTENTIAL
Potential and scope to expand greatly on outside catering, also to build on the back, approximately 1 acre site and to develop theme nights.

FINANCIAL INFORMATION
We have been advised by the vendor of the following:

Annual sales: £297,254
Gross Profit: 66%

Accounts will be made available to interested parties after a viewing has taken place.

Please let us know if you require finance for the purchase of a business.

BUSINESS PREMISES
The property is a single storey detached brick built structure with a large front car park.

There is approximately 1 acre of undeveloped land in the sale package behind the restaurant.

The property briefly consists of:
Ground Floor
• Main door to the right of the property leading to a reception and customer waiting area with seating
• Bar area then to an open plan 100 cover dining area
• Doorway to rear to ladies and gents w/cs
• Main bar has side access to the well fitted out kitchen with various washing and prep areas
• Storage both ambient, refrigerated and frozen is well provided for
• This leads to a two room self contained office and flat

External
• Private back yard and Chinese vegetable plot
TENURE: Freehold or Leasehold
Original lease: Terms to be negoiated
Remaining lease: TBC
Review every: TBC
Rent: TBC

We are advised that the annual business rates are currently: £17500