Leasehold Mediterranean Restaurant for Sale in Harborne Birmingham

Description

Leasehold Mediterranean Restaurant Located In HarborneTapas & Cocktail BarTrades Only 5 DaysRef 3179Asking Price £99,950 plus SAV (£3,000)LocationThis busy Mediterranean restaurant and bar is located in the affluent and vibrant area of Harborne in Birmingham. It occupies a prominent and highly visible trading position on the main High Street and is surrounded by a mix of independent businesses along with several high-end retailers. Harborne is approximately 3 miles southwest of Birmingham city centre and is popular with professionals due to its close proximity to the Queen Elizabeth Hospital.Business DescriptionVeritas Business Sales are pleased to offer for sale this established Mediterranean tapas restaurant and bar located in Harborne, Birmingham. The premises have operated as a restaurant for approximately 35 years and have been under the current ownership since April 2022. The business is now being offered for sale due to the owners’ decision to relocate overseas.Since taking ownership, the current operators have undertaken refurbishment works and installed new equipment, fixtures, and fittings, all of which are included in the sale price and represent a significant added value to the purchaser, reducing the need for immediate additional investment.The restaurant is owner-operated by two brothers with the support of four part-time staff members and achieves an average weekly turnover of £5,000 to £6,000. The menu features a range of freshly prepared tapas, small plates, and desserts, all cooked to order using quality locally sourced produce where available. The offering is complemented by a selection of wines, cocktails, beers, spirits, and soft drinks, served in a relaxed and intimate dining environment.There is further potential to increase trade by extending opening hours, including Sunday lunch service. The business has established a strong reputation locally and beyond, with excellent online reviews including a 4.9 TripAdvisor rating and a 4.7 Google rating based on over 300 reviews. This results in strong levels of repeat custom alongside new trade from professionals working in the area.This represents an excellent opportunity to acquire a well-established and profitable restaurant with a strong foundation for further growth, and early viewing is strongly recommended.Opening TimesSunday and Monday: ClosedTuesday to Saturday: 17:00 – 23:30LeaseholdTerm: 15 yearsRemaining: 2 yearsRent: £22,140 per annumBusiness Rates: £5,000 per annumRent deposit: 6 months’ rentGround FloorRestaurant area comprising tables and chairs for 34 covers, wine rack, cutlery cabinet and reception desk, wall mounted mirror, wall artwork, wooden bar counter with seating for 4, two undercounter double door drinks fridges (Gamko), ice machine (Nice Ice), glasswasher (Mach), undercounter wine fridges for red and white, espresso machine and grinder (Francino), water softener, EPOS till and cash drawer, stainless steel sink and drainer, CCTV system with monitor (7 cameras), sound system (Bose) with amplifier.Raised seating area with understairs storage, two high chairs, storage cupboard and side exit door.Two customer toilets, each fitted with WC, wash basin and vanity unit. Hallway with additional wash basin, mirrors, soap dispenser and handwashing facilities serving both toilets.First FloorCommercial kitchen comprising 6 burner range (Zanussi), commercial microwaves (Panasonic), stainless steel preparation tables, griddle, extraction canopy, slow cooker/pressure cooker (Instant), dual deep fat fryer, heated gantries, saladette with undercounter refrigeration (Polar), insect zapper, stainless steel sinks, oil trap and associated preparation equipment.Dry storage area including dishwasher, sink and drainer, shelving, plate storage, combination boiler (Worcester Bosch), chest freezer, upright fridges (Electriq, Hotpoint, Foster) and additional storage units.ExternalSide yard with bin storage area.Frontage with additional seating for 4 covers.