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Investment opportunity Hilton Smythe is delighted to welcome to the market this former popular restaurant in Lye, Stourbridge.
The business was established in 2010 and is only now being offered to the market due to our client’s family commitments. The business has recently ceased trading, however, whilst operational yielded a healthy turnover in the region of £105,000 per annum, with a gross profit of approximately 70%.
The restaurant boasts a beautiful seating area with 130 covers. The property is fully heated with a state of the art underground heating system. Our client has spent a considerable amount of money refurbishing the property and all fixtures and fittings are included in the sale.
This is an excellent opportunity for perhaps a hands-on chef to re-establish the business; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
Location The Rose Mediterranean Restaurant occupies substantial premises, ideally located within the suburb of Lye in the town of Stourbridge, West Midlands. This investment opportunity is located on the very busy High Street and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The restaurant also benefits from good car parking facilities within the area.
Stourbridge is a large town in the Metropolitan Borough of Dudley in the West Midlands. According to the 2011 census, the town had a residential population of 63,298. The business lies in the main shopping centre with many banks and building societies, as well as independent and large retail stores.
The area of the business is very well served by the public transport system, with a bus stop directly outside the restaurant. Lye railway station is just a five-minute walk away. The area is also well served by the a-roads, with the business being situated on the A458, which links to the national a-road and motorway networks. Dudley is approximately 5½ miles away and Birmingham is 11½ miles away. Premises Substantial premises in an ideal trading location, briefly comprising:
Main restaurant with:
Hot and cold air heating system.
Access to WCs.
Side dining area.
3 x points of dispense.
Storage for spirits etc.
Ladies, gents and disabled WCs.
6 x ring burner stove.
Double deep fat fryer.
2 x preparation tables.
3 x microwave ovens.
Freestanding refrigerator with salad well.
Single chest freezer.
Store room with CCTV system. Tenure We are advised leasehold:
New lease to be agreed.
Rent: £20,000 per annum
The business is now exempt from paying rates. Hours
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For more information about this property, please contact Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.