No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£35,000
Added > 14 days

Restaurant for sale

Chinese Restaurant and Takeaway In Birmingham Licensed with (A3)
Save
Restaurant
0 bed
0 bath

Property description & features

  • Licenced Restaurant & Bar
  • Fully fitted
  • Prominent location
  • Scope to change cuisine (currently chinese)
  • New lease available
  • 50 seater restaurant

Chinese Restaurant & Takeaway For Sale In Birmingham
Licensed with (A3)
Ref 2040
Location

This respected Chinese restaurant is located in the heart of the famous Jewellery Quarter which dates back more than 250 years and a designated conservation area with over 200 listed buildings and also contains Birmingham's last remaining Georgian Square in the tranquil surroundings of St Paul's, with its fine restaurants, bars and galleries. Not only does the Quarter have a heritage, it also has an expanding, thriving business community, a growing residential population and an established retail sector that boasts over 500 jewellery retailers, specialist retailers, bars and restaurants.

Asking Price: £35000

Leasehold
New 12 year lease available
Rent: £26,500 pa
Reviewed: 3 yearly
Rates: £5,000 pa

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Chinese Restaurant concern which is located in the famous Jewellery Quarters in Birmingham. The business was set up from scratch 3 years ago and is reluctantly being offered for sale due to ill health.
Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is no longer trading so no accounting information will be available.
This is a superb opportunity to purchase a restaurant & bar in a great, up and coming location, and as such early viewing is highly recommended.

Opening Hours
Monday,Tuesday,Thursday & Sunday - 11.30am - 2.30pm - 4.00pm - 10.00pm
Wednesday - Closed
Friday - Saturday - 11.30am - 2.30pm - 4.00pm - 11.00pm

Ground Floor
Restaurant comprising: seating for (50), TV, Karaoke machine & Bose sound system. Bar servery with, 3 draught beer pumps, electronic sales till system, sink, dishwasher, ice maker, 2 x double door drinks coolers, espresso coffee machine (Casadio), coffee
Disabled W/C and wash basin
Commercial kitchen comprising: wine fridge, double door drinks cooler, metal storage racking, sink, double sink, hand wash basin, stainless steel work surfaces, rice cooker, 10 burner wok range, 6 burner range/oven, double fat fryer, commercial microwaves x 2, 5 x chest freezers and an upright freezer.

Cellar
2 x store rooms (below ground)

The property benefits from gas central heating and 3 phase electric .

Places of interest

    Request viewing/info
    Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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    *DISCLAIMER

    Property reference 2040. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.