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Mediterranean Restaurant And Tapas Bar Located In Harborne For Sale

Harborne, West Midlands
Asking Price:
£69,950 Furniture / Fixtures included
Sales Revenue:
£150,000
Cash Flow:
Available on request

Mediterranean Restaurant & Bar located in Harborne for sale. Prominent High street location. Newly refurbished and fitted to a high standard. Only operates 5 evenings per week on relatively short opening hours. Further potential and would suit many cuisines.

Veritas Business Sales are delighted to offer for sale this respected Mediterranean Restaurant & Bar which is located in Harborne, Birmingham. The property has been a restaurant of some kind for the past 30 years and has  been in the careful hands of my clients since January 2018 and is reluctantly being offered for sale due to a change in circumstances.Since ownership they have undertaken considerable refurbishment by updating the electrics, installing a new combination boiler, redecorating the restaurant and 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. Rustic Table is very much owner operated and employs the help of 4 part time members of staff and is on track to post an annual turnover of circa £150,000. They serve a fine range of appetisers, small plates, main courses and desserts all freshly prepared on site to order using only the finest locally sourced produce when available. All fayre can be accompanied with a selection of fine wines, cocktails, beers, spirits and soft drinks and enjoyed in a relaxed cosy atmosphere.We believe that there is massive potential to increase trade should you wish as the restaurant is currently operated at a gentle pace to suit my clients lifestyle and only operates 4 evenings a week (25 hours). The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new business people visiting the area. This is a superb opportunity to purchase a thriving restaurant which is a great base to build upon and as such early viewing is highly recommended to appreciate its full potential.

Property Information

Property:

Leasehold

Lease Terms:

Original term: 20 years
Remaining : 8 years 
Rent: £23,000 pa
Reviewed: 5 yearly
Rates: £6,000

Leasehold Rent:

£23,000 per annum

Location:

This delightful Restaurant & Bar is located in the affluent and vibrant area of Harborne in Birmingham. It sits within a prominent and highly visible trading location on the main High Street and is surrounded by other complementary independent retailers along with large high end retailers. Harborne is 3 miles South West of Birmingham City centre and is home to many professionals due to it’s close proximity to The Queen Elizabeth Hospital. 

Premises Details:

Ground Floor
Restaurant comprising: high bench style seating for 4, built in bench style seating along with tables & chairs to cover (36), purpose built condiments and cutlery unit, EPOS till system (Sam4s), bar area with draft beer pump, hand wash basin, 2 under counter double door drinks chillers, microwave (Hinari), under counter freezer (Bosch), filter coffee machine and CCTV monitor (4 camera system).                     
Raised area with two settees to seat (4), under stairs storage cupboard and drinks storage cupboard. Gents  W/C                                                                                                                                               Ladies  W/C                                                                                                                                                                    
Hallway with hand wash basin to service both toilets.

First Floor                                                                                                                                                                       
Catering kitchen comprising: stainless steel hand wash basin, stainless steel sink, chest freezer (Norfrost), 6 burner range (Marwood Vulcan), extraction unit, 2 microwaves (Panasonic), 3 stainless steel work benches and 4 wall mounted metal storage shelves. The kitchen has been fitted with new wall tiles. Washroom/dry stores with stainless steel sink drainer, dishwasher (DIHR), combination boiler (Worcester Bosch), 2 stainless steel shelves, cloak area,2 upright fridges (Foster) and work table. 

External
Side passage with seating for (4)
Rear bin area
Front seating for (2)
EPC rating D
    

Business Operation

Trading hours:

Sunday, Monday & Tuesday – closedWednesday – Saturday – 5.00pm – 10.00pm        
Bar Licensing Hours  
Sunday – Thursday – 10.00am – midnight
Friday & Saturday – 10.00am – 1.00am  

Other Information

Inventory / Stock value:
£2,000
Website:
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Contact Information

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