Leasehold Asking Price £249,950 plus VAT
Business Description
Veritas Business sales are delighted to offer to the market this Leasehold Restaurant which is located in Acocks Green. The premises has traded as a Public House for many years and was transformed into what you see today back in 2021. They are now offering the restaurant for sale due to other business commitments requiring their attention.
Since ownership there has been no expense spared and they have undertaken total refurbishment, redecorated and invested in new equipment along with high end fixtures and fittings (purchased from Marrakesh) which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Burraq offers an a’ la carte menu Monday – Thursday and Buffet Friday – Sunday. Weekly turnover is circa £12,000 on short trading hours. We are selling a fully fitted restaurant not the operating business so no accounting information will be provided.
We believe that a new purchaser can increase revenue by expanding the current opening times and by joining the online delivery portals such as Just Eat, Uber Eats and Deliveroo. The banqueting hall which can accommodate up to 300 people is unfinished, so a little investment there would dramatically increase trade. They are also not taking advantage of the alcohol licence so there is scope to add beer & wine sales. The business already 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 very well fitted restaurant with further potential which is a great base to build upon and as such early viewing is highly recommended.
Opening Hours
Monday – Sunday – 5:00pm – 11:00pm
Leasehold
Sub-lease to be offered
Term: negotiable
Rent: £75,000 plus vat pa
Business Rates: £1,870.57 pa
Ground Floor
Restaurant comprising: vestibule entrance porch, tables & chairs to cover (130), soft drinks dispenser, bar area for mocktails/soft drinks with EPOS till, chest freezer, 2 door undercounter drinks fridge, glass washer (Asbet), stainless steel wash basin and soft drinks dispenser. Dumbwaiter lift, main sales desk with EPOS till, salad bar/cutlery area, large worktop with numerous stainless steel hot food serveries.
Commercial kitchen comprising: stainless steel worktop with 3 door undercounter fridges (Foster), stainless steel table x 2, stainless steel double sink with directional hose, dishwasher, stainless steel sink drainer, convection oven (Rational), stainless steel table with heated pass, extraction canopy, clay tandoori oven (Shah tandoori), 2 x dual deep fat fryers (Empire), chargrill, 6 burner range, stainless steel table with commercial can opener, hot plate/hot cupboard, stainless steel sink, wall mounted soap dispenser, wall mounted paper towel dispenser, microwave (Sharp), stainless steel worktop with undercounter fridge, 2 x large gas burners and stainless steel food trolley.
Dry stores with dough mixer, 6 tier metal storage unit, stainless steel upright fridge (Gram) and stainless steel upright freezer (Cornelius).
Staff W/C with wash basin, staff changing area and wall mounted mirror.
Office with desk.
Ladies toilets with 2 x W/C’s, 2 x wash basins, wall mounted mirror and wall mounted hand dryer.
Gents toilets with 2 x W/C’s, 2 x wash basins, wall mounted mirror and wall mounted hand dryer.
Prayer room.
Disabled entrance door with hallway to toilets.
Ladies toilets with 2 x W/C’s, 2 x wash basins, wall mounted mirror and wall mounted hand dryer.
Gents toilets with 2 x W/C’s, 2 x wash basins, wall mounted mirror and wall mounted hand dryer.
Disabled W/C with wash basin.
Banqueting room with capacity for (300) people, with chest freezer, walk-in cold room, walk-in freezer room and stage. This area has ladies, gents and disabled toilets and a separate entrance.
Please note that this space requires some renovation.
The restaurant benefits from 4 wall mounted air-conditioning/heating units.
There are 10 rooms to the first floor which are let out for £4,500 PCM to include bills. If a purchaser wanted this additional space they would need to assign the whole lease. Term 30 years with 28 years remaining.
Cellar (Below ground)
Large cellar room. Storeroom with shelving and beer drop. Beer cellar room with cooling systems. 2 x storerooms.
External
Frontage with decking area and parking for (5). Side gated area with parking for (25).
EPC Rating D
