Leasehold Restaurant Located In Kings Heath For Sale
This outstanding Restaurant enjoys a prominent main road (A435) location in the thriving area of Kings Heath which is approximately 4 miles from Birmingham City Centre and just 1 mile from Moseley Village and Bournville. The area enjoys high levels of footfall and is surrounded by other independent complementary retailers along with an abundance of high end retailers. Kings Heath is well served by public transport and is on one of the busiest bus routes in the UK.
Leasehold Asking Price: £49,950
Lease: 25 years
Remaining: 22 years
Reviewed: 5 yearly
Rent: £7,000 plus vat pa
Service Charge: £640 pa
Business Rates: zero
Sub lease: Nil Premium Rent: £18,000 pa (3 Month Rent Deposit Required)
Veritas Business sales are delighted to offer for sale this fully delightful Restaurant which is located in Kings Heath, Birmingham. The restaurant has been trading for 3 years and has been in the careful hands of the current owners for the past 16 months. Reluctantly the business is now being sold due to an unforeseen change in circumstances. Since ownership my client has installed central heating, CCTV system, intruder alarm and added various pieces of equipment which are all bought and paid for and included within the sale price which is a huge plus as any new purchaser as additional funds will not need to be spent for some time. Cardamon Kitchen is owner operated and will come with no staffing liabilities. They serve a range of Mediterranean dishes along with Indian cuisine and manly cater for private functions and parties. We believe that there is further potential to increase turnover by opening the restaurant back up for evening trade, doing takeaway deliveries and by joining the online portals such as Just Eat & Deliveroo and by adding am alcohol licence. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a fully fitted restaurant in a great location which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
As and when parties & functions are booked
Door to entrance hallway
Store room with shelving
Reception area with bench seating
Gents W/C and hand wash basin
Ladies W/C and hand wash basin
Restaurant with tables and chairs to cover (54), bar area with sales counter, cash register (Casio), wall mounted flat screen TV 55”, tall upright drinks fridge, shelving for glass storage, hand wash basin and CCTV monitor.
Kitchen comprising: 9 burner commercial range, tandoori oven, extractor unit, stainless steel wall cladding, stainless steel work surfaces, hot food cupboard, electric oven, commercial microwave (Kenwood), domestic microwave (cookworks), coffee machine, mixer, blender, double sink, hand wash basin, 2 x chest freezers, upright fridge x 2 and storage shelves.
Vendors rear parking for (1)
After 5pm free customer parking to the rear of the restaurant
The property benefits from a new boiler (Biasi), gas central heating, intruder alarm and CCTV system