Leasehold Italian Restaurant, Warwick Road, Birmingham, B92 7HS

Leasehold Italian Restaurant Located In Solihull
Two Bedroom Accommodation Above
Low Overheads
Licensed
Seating For 72
Ref 3106

Asking Price £225,000 plus SAV (5,000)

Location
This delightful Italian Restaurant is located on the main Warwick Road (A41) in Olton, Solihull. It sits within a prominent and highly visible trading position and is surrounded by other complementary independent retailers along with Blue Chip retails such as Tesco Express and McDonalds who are directly opposite. The immediate area is densely populated with residential properties and offers plenty of free parking nearby.

Business Description
Veritas Business Sales are delighted to offer for sale this respected Italian Restaurant which is located in Olton, Solihull. The business was opened by our client back in December 2023 and due to other projects requiring his attention he has decided to offer the restaurant for sale.
Since ownership they have extended, refurbished, redecorated and 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. L'aragosta is overseen by the owner but operated daily by a team of 4 full time & 2 part time members of staff and has an average weekly turnover of £12,000-£14,000. The menu offers authentic Italian cuisine which can be enjoyed in the spacious, well fitted restaurant with some fine wines.
We believe that there is further potential to increase trade should you wish by having a more hands on owner operator at the helm. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat. This is a superb opportunity to purchase a thriving turnkey restaurant where all the hard work has been done, which is a great base to build upon and as such early viewing is highly recommended.

Ground floor
Entrance door leading to the front restaurant with tables & chairs to cover (12), reception desk, fresh fish display fridge (GMM Gastro), bar area with serving counter, EPOS till with cash draw, 2 door undercounter drinks fridge (Gastro-line), espresso coffee machine (La Spaziale), coffee grinder, 2 door undercounter drinks fridge, glass washer (Contender), ice machine (Hoshizaki), stainless steel sink drainer, storage & display shelving, upright wine fridge and stairs leading up to the first floor.
Hallway with 3 x wall mounted wine display racks, condiments cabinet, wine rack, chest freezer and dessert section comprising: worktop with sink wall & base units, wall mounted metal shelf, wine rack, undercounter fridge (Adexa), undercounter fridge (Logic) and undercounter freezer (Williams).
Rear restaurant with tables & chairs to cover (20). Customer W/C/disabled with wash basin with cabinet, baby change, wall mounted mirror and wall mounted hand dryer.
Hallway to rear exit door.
Commercial kitchen comprising: stainless steel sink, 2 x wall mounted metal shelves, wall mounted plate rack, undercounter freezer (Williams), wall mounted knife rack, stainless steel wash basin, 6 burner range (Falcon), 4 burner gas hob, extraction canopy, 2 x metal wall mounted storage racks, dual deep fat fryer (Quattro), 2 deck pizza oven (Prismafood), undercounter fridge (True), marble top saladette with 2 door undercounter fridges (Adexa), stainless steel table with 6 x undercounter refrigerated draws, countertop saladette (Gastro-line), 2 x metal shelves, 2 x plate warming cabinets, walk-in cold room with 2 x metal storage units inside, saladette (Polar), 5 x metal shelves, insect zapper (Eazyzap) and commercial microwave.
Pot wash room with stainless steel table with 2 x shelves, dual stainless steel sink with directional hose, 2 x wall mounted plate racks, dishwasher, large stainless steel table, undercounter fridge (Adexa), meat slicer, metal storage rack, 3 x metal shelf, chest freezer (Adexa) and stainless steel undercounter freezer (Adexa).

External
Rear side passage with chest freezer, metal grease wash tank and storage cabinet.
Staff W/C with wash basin.
Rear yard area with shelter for staff rest area and plastic storage unit.
Frontage with seating for (8).

Opening Times
Monday - Sunday - 12:00 - 14:30 - 17:00 - 23:00

Leasehold
Term: 7 years (Renewable)
Remaining: 3 years
Rent: £10,000 pa
Rates: zero
New 15 year lease available

The restaurant benefits from air-conditioning to all restaurant areas, electric roller shutters to the front and rear, CCTV (16 camera system) and an intruder alarm
First Floor
Restaurant with tables & chairs to cover (26), undercounter fridge (Gastro-line), condiments cabinet rear door to alfresco dinning area.
W/C with wash basin, wall mounted mirror and wall mounted hand dryer.

First Floor External
Covered Alfresco dining area with seating for (14) and neon sign.
Accommodation

First floor
Landing
Kitchen/lounge
Bathroom with shower cubicle, W/C and wash basin.

Second Floor
2 x double bedrooms
The flat is sub-let to staff for £850 PCM