For Sale
Highly Rated Bar And Bistro Opportunity For Sale
Solihull, West Midlands
- Asking Price: £69,995 +SAV
-
Turnover:
Further information on the financials can be made available upon request.
Please quote reference B07066
- Tenure: Leasehold
Please quote reference B07066
Hilton Smythe are delighted to welcome to the market this Bar/Bistro business opportunity based in Solihull. The sale of this well respected establishment would not be included the current business name. The sale is just for the lease and assets.
This opportunity was first established in 2021, and has now come to the open market due to this opportunity being too far away for our clients other businesses.
This free of tie Bar/Bistro currently generates around 85% drink sales and 15% food sales.
There is a huge demand for food, so a new owner could easily look at increasing the food menu to improve sales. They could also look at opening for lunchtime trade/extending trading hours, as well as adding Bottomless Brunch offers and introducing a delivery service. A new buyer should also looking at increasing the drinks menu.
Key Selling Points -
- Located on same busy parade as Turtle Bay, Butterfly Rooms & Wetherspoons.
- Sought after location.
- Long lease.
- High end refit.
- Opportunity to add own brand.
- Ideal owner operator opportunity.
- Great outside terrace space
Further information on the staff can be made available.
The business hours are -
Monday - Closed
Tuesday - Closed
Wednesday – 4:00pm – 11:00pm
Thursday – 4:00pm – 11:00pm
Friday – 2:00pm – 12:00am
Saturday – 12:00pm – 12:00pm
Sunday - Closed
This Bar/Bistro opportunity current occupies a much sought after trading position on Station Rd, in Solihull.
The business is located on same busy parade as Turtle Bay, Butterfly Rooms & Wetherspoons.
- Open plan bar - Seating for 40
- Bar servery area
- Toilets
- Pizza Oven
- Storage area
- Pavement terrace to the front of the property- additional seating for 16.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 8 years remaining on the 10 year lease. The rent is £32,000 per annum.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
