For Sale
Reputable Restaurant For Sale
Tamworth, Staffordshire
- Asking Price: £32,999 +SAV
-
Turnover:
Financial information can be made available upon further request.
Please quote reference B06975
- Tenure: Leasehold
Please quote reference B06975
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Osaka Shi Tamworth which is a well established restaurant with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
Osaka Shi was founded by the current owner in 2019 and has flourished under his ownership accruing an impressive number of regular customers and a burgeoning reputation. Alas this great little business is now being sold , albeit reluctantly and with a heavy heart only due to relocation and a change of direction.
The vendor is keen to see his beloved restaurant pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Osaka Shi is an authentic Japanese restaurant and takeaway that serves an impressive range of food, from Sushi to Street food from Osaka, freshly prepared on the premises using local ingredients wherever possible. The comprehensive menu includes:
- Starters
- Miso Soups
- Tempura
- Katsu
- Curries
- Gyudon
- Tonkatsu
- Vegetarian Dishes
- Sushi
- Yakitori
- Japanese drinks
- Soft drinks
- Desserts
The business is proud of its five star hygiene rating and also benefits from an alcohol licence and a 4am late licence.
Osaka Shi has recently introduced movie nights that are providing increasingly popular and will be a valuable source of additional income going forward.
The sale will include the company website ( Osaka-Shi.co.uk ) and Facebook and Instagram pages and the business great visibility on the internet along with impressive reviews such as;
The business enjoys impressive reviews such as;
“Great atmosphere in this lovely restaurant and loads of choice on the menu”
“ Service was excellent, food was amazing and the drinks were incredibly tasty“
“ I ordered Okonomiyaki a typical Japanese street food, really lovely and filling!”
“Great food, Great service! Me and my wife had our first dine in experience at Osaka Shi on Saturday and it left us full and humbled. After our trip to Japan, many other restaurants couldn’t compare to the food we ate while out there, except for Osaka Shi. The food tasted fresh, flavoursome and authentic. Thank you Osaka Shi”
Reasons to Buy
- A well established business with an enviable reputation and many existing customers
- All fixtures and fittings included making this a real Turnkey business opportunity
- Ideal owner managed or partnership business
- Lots of new residential building going on locally that will increase footfall
- Current owner happy to offer a handover to ensure the continued success of the business
- Prime trading position in an up and coming hospitality area of town.
- Little or no competition locally
Very rarely do restaurants of this calibre come to the open market so early enquiry is highly recommended.
This lovely little business is likely to attract considerable interest.
The business is owner run and managed with the help of the owners son and daughter-in-law, along with a full time Sous Chef, full time waitress and two part time members of staff.
The business trading hours are:
Monday & Tuesday - Closed
Wednesday - 18:00pm - 23:00pm
Thursday - 17:30pm - 23:00pm
Friday & Saturday - 17:00pm - 23:00pm
Sunday - Closed
Osaka Shi is located in Tamworth.
Tamworth is a market town and borough in Staffordshire, 14 miles northeast of Birmingham. The town borders North Warwickshire to the east and north, Lichfield to the north, southwest and west. The M6 Till runs to the south of the town which has a population of approximately 82,000.
The main road running through Tamworth is the A5 bypass. The M42 motorway runs to the east of Tamworth and the town is served by Junction 10 which also contains Tamworth Services.
Buses around the town are operated by Arriva Midlands, Diamond Bus, Flexibus and Stagecoach Midlands.
Osaka Shi is ideally situated in the town centre which is currently undergoing regeneration at a cost of £24m and sits alongside other complimentary retail and hospitality businesses and thus benefits from good levels of footfall and passing trade.
The business is beautifully presented and fastidiously maintained with clear visible signage and distinctive livery. There are a number of inexpensive public car parks within easy walking distance and customers can also use the council office car park after 6pm.
Osaka Shi occupies premises ideally suited to the trade and presented to the highest standards. The business is arranged over two floors and briefly comprises:
Foyer
Ladies Cloakroom and disabled toilet
Restaurant
Dining area with booths and 6 tables and providing 23 covers.
Bar
Intimate bar area with a pleasing upmarket feel, bespoke bar serving exclusive Japanese’s bottled beers, 2 tables of 4
Traditional Tatami Room
Gents WC
Kitchen
A comprehensively equipped catering kitchen with stainless steel prep fridge, full extraction system with stainless steel canopy, non slip vinyl flooring, 2 rice cookers, 2 induction ovens, two twin basket fryers, 2 desk top fryers, stainless steel preparation tables, 3 induction hobs, noodle cooker , two ovens, fan assisted stainless steel oven, wash up area with twin, deep stainless steel sinks and spray tap, separate hand wash basin, wall mounted soap and paper towel dispensers, meat fridge, 3 compartment fridge with salad topping dispensers, pot wash area, passing area with a number of fridges and crockery storage, desserts oven, Bain Marie,
Store room
Dry goods storage with perimeter shelving and floor storage space
The premises are secured by a monitored alarm system and 7 camera CCTV system with smart phone connectivity.
Externally there is staff parking and bin storage to the side of the premises.
Tenure
A new lease is to be negotiated with the landlord.
The business benefits from being exempt from business rates.
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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
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