Long Established Licensed Indian Restaurant - West Midlands
Advert ref: #977
Category: Food -> Restaurants
Location: England -> Midlands -> West Midlands -> Birmingham
Category: Food -> Restaurants
Location: England -> Midlands -> West Midlands -> Birmingham
Business for sale
Asking Price:
£120,000
Turnover:
£260,000
Annual profit:
100k to 149k
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
18
Employees:
No
Photos:
No
Ownership:
Sole trader
Business description
Located on a busy main road in an affluent suburb, this 60 cover restaurant, established over 17 years, has an advised turnover of £5,000pw at a Gross Margin of 69%. Good reputation in area and loyal repeat customer base. Owner retiring wishes to create lease with rent in the region of £25,000pa. Upper floor used for storage only but could, with planning permission, be converted back to residential accommodation.*PRICE REDUCED AS OWNER WISHES TO RETIRE*
Comments
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BY APPOINTMENT THROUGH LOCAL OFFICE
Accommodation
No Accommodation Associated With This Business