Restaurant for Sale in Sutton Coldfield

  • Premium £285,000
  • £52,000/Annum
Sutton Coldfield, Birmingham, UK
AVAILABLE BUSINESS & LEASE FOR SALE

Restaurant for Sale in Sutton Coldfield

Sutton Coldfield, Birmingham, UK
  • Premium £285,000
  • £52,000/Annum

Description

Large Restaurant for Sale in Sutton Coldfield. Circa 4,550 Sq. Ft


MAIN FEATURES

  • Lease Ending September 2028 (Options on new lease)
  • Circa 4550 Sq. Ft
  • Established Restaurant Business
  • Circa 100 Covers Restaurant
  • Fully Equipped Commercial Kitchen
  • Nearby Car Park Available

LANDLORD’S REQUIREMENTS

  • 6 Months or more Rent deposit subject to references
  • Personal Guarantor subject to references
  • Proof of funds
  • Accountant’s references
  • Trade references

LEASE DETAILS

  • Lease: Ending September 2028 (Inside the Act of 1954)
  • Option of New Lease
  • Current Rent: £52,000 per annum (Including Service Charge & Gas)
  • Rent Review: Every 5 years
  • Next Rent Review: September 2028
  • Premium: £285,000 (Business, Lease & FF&E) + SAV

THE PREMISES

  • Circa 4550 Sq. Ft
  • Circa 100 Covers Restaurant
  • Payable Business Rates: Circa £20,000/annum (Rateable Value: £40,000)
  • Fully Equipped Commercial Kitchen
  • Premises Licence in Place
  • Current Permitted Hours: 11am till 2am (TBC)

THE LOCATION

  • Sutton Coldfield, Birmingham
  • 0.6 miles to Sutton Coldfield
  • 1 mile to Wylde Green

TRADING & FINANCIALS

  • Gross Sales Revenue: We have been informed that the restaurant generates gross revenue of circa £600,000 per annum (£11,000-12,000/week).
  • Our client currently manages the restaurant with 5 Full Time Staff (Kitchen : 2 | FOH : 3)  & 6 Part-Time Staff (Kitchen : 2 | FOH : 4).
  • Trading Since 9 years.

VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client and must have proof of funds to meet the premium and landlord’s requirements.

Strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.


DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

Details

Updated on November 30, 2023 at 2:14 pm
  • Price: Premium £285,000
  • Size: 4550 Sq. Ft
  • Covers: 100
  • Use: Restaurant / Bar
  • Type: RESTAURANTS
  • Status: AVAILABLE

Overview

  • RESTAURANTS
  • Type
  • 4550
  • Sq. Ft

Contact Information

RPS_Agent
  • RPS_Agent

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