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Birmingham Grill Restaurant on Ladypool Road for Sale with Flexible Lease Options

Undisclosed, West Midlands
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Grill Restaurant For Sale on Ladypool Road, Heart of Birmingham Balti Triangle Photo 1
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Grill Restaurant For Sale on Ladypool Road, Heart of Birmingham Balti TriangleGrill Restaurant For Sale on Ladypool Road, Heart of Birmingham Balti TriangleGrill Restaurant For Sale on Ladypool Road, Heart of Birmingham Balti TriangleGrill Restaurant For Sale on Ladypool Road, Heart of Birmingham Balti TriangleGrill Restaurant For Sale on Ladypool Road, Heart of Birmingham Balti TriangleGrill Restaurant For Sale on Ladypool Road, Heart of Birmingham Balti Triangle
  • Status

    FOR SALE

  • Date Submitted:

    30/08/23

  • Advert ID

    518835

  • Leasehold: £65,000
  • Rent: £26,000
  • Turnover: £96,000 (£1,846 Per week)
  • Net Profit: On request

Key Features

  • Accounts Available
  • Established Business
  • High Turnover
  • Offers Invited
  • Prime Location
  • Unique Business
  • Ideal for Full Refurbishment
  • Town Centre location
  • Open Plan Trading Area
  • Potential for Alternative Use
  • Close to Local Amenities
  • Attractive Business
  • New Lease
  • Nil Premium
  • Fully Fitted
  • Planning Consent Available
  • Incentives May Be Available
  • Adjacent to Multiple Retailers
  • Large Business for Sale
  • Company for Sale

Business Details

Grill Restaurant For Sale on Ladypool Road, Heart of Birmingham Balti Triangle

My Restaurant is currently available for sale, please have a read of the details below:

• current lease 4 years open lease remaining

• landlord has agreed in writing to give a brand new 6 year open lease if anyone wants a longer lease, or current lease, either way it is an open lease.

• ready to trade straight away

• rent is £2,150 pm / £500 pw / £26,000 annually

• rent to be paid quarterly in advance £6,500

• best location on Ladypool Road, next to all the big brands e.g. Chickaros, Africana, Toros, Fargos, Chaiiwala

• buyer will get everything in our shop as it comes.

Restaurant features:

• 30 seater
• Newly refurbished
• Full CCTV set up
• High end 12ft canopy and extraction
• Gas emergency cut off setup
• Electric cooker x1
• Gas grills, electric grills
• Gas commercial fryers
• Chips shuttle
• Commercial rice cooker
• Double commercial freezer
• Standing single fridge
• Polar 3 door table fridge
• Salad fridge
• Radiators x2
• Tables x8
• Chairs x10
• 3 long sofa seating
• 3 booth seating
• Feature wall
• Counter bar
• Speaker Bluetooth setup
• Smart TV
• Heat gantry and table/hotplates x2
• Steel tables x2
• Commercial sink
• Shelving units
• Full utensils/cutlery
• Full set dinner plates, side plates, platters, bowls, tall glasses, short glasses
• Full kitchen stainless steel sheets on walls
• Newly refurbished large WC x1, can be converted to 2 separate toilets easily with a partition wall
• Additional handwash basin area for customers

• Current front house has 30 seats, spaced out nicely with a large bar, can be easily converted to 40 seater if rearranged.

• There is a huge garden, which already has permission granted from the council to do an extension, however this will be separate terms with the landlord. He has already told us he will give 1 year minimum rent free if we were to go ahead and do an extension, which will turn potential seating easily to 80-100 seater.

• There is a large flat upstairs which can also be added on, with separate terms with the landlord.

• There is plenty of potential within the premises if you were looking to do an expansion of your business.

Goodwill;

£65,000 however willing to accept very close offers if it is a quick sale.

We hope this will answer all your questions, if you need any more information or have any questions please let us know.

Thank you.

Read more

Contact the seller for more details, or book a viewing

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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