Independent Cocktail Bar, Restaurant and Nightclub in Birmingham

  • Rental Property
  • Huge Potential
  • Prime Location
  • Heavy Footfall Area
  • Unique Opportunity
  • Highly Rated
  • Proof of Funds Required

Description

Silk Letting Ltd are delighted to welcome to the market a unique opportunity to own an independent cocktail bar and nightclub located in Birmingham.

This spacious property isn’t currently trading but comes with a food licence and premises licence to trade from 10 am – 5.30 am and is fully fitted and ready for any new owner to take over and start trading.

The business is located over 2 floors with a total capacity of around 250 people, there is also a terraced area that can accommodate up to 60 people, a VIP and balcony area, a DJ booth, seating area and dance floor. The business benefits from a large kitchen that is located in the basement and is currently trading as a successful takeaway business with a 5* food hygiene rating.

The business is ideally located in the city centre surrounded by other bars and restaurants in a busy area. When opened the business was well known in the local area and gained an outstanding reputation gaining many 5* reviews across multiple platforms.

 

Location and Amenities:

The business is ideally located in the city centre surrounded by other bars and restaurants and close to the A38 and B4127.

 

Growth Potential:

This is a perfect opportunity for any buyer looking to buy a fully equipped business that can continue operating as a cocktail bar/restaurant and nightclub or can be converted for different use.

Any new owner could increase revenue by extending the menu available and including a breakfast, lunch or brunch menu.

The business doesn’t currently have a website, so the new owner could embark on a modest marketing campaign that would include creating a website that allows customers to order and pay online and establish agreements with online platforms such as Deliveroo, Just Eat and Uber Eats which would enable a new owner to reach a wider audience.

Increase social media following by running incentives/competitions for customers on Facebook and Instagram accounts to boost social media following and encourage more customers to order online or visit the shop.

 

Financial Profile:

Tenure: Lease – Rents property only – 7 years sublease.

The business benefits from small business rates relief meaning it does not pay any business rates.

 

Property:

This spacious property is well maintained and is located over 2 floors consisting of a seating area, bar, dance floor, DJ booth, VIP and balcony area located on one floor. The lower floor consists of a large kitchen area, office, 2 storerooms and a cold room. The property has a capacity of 250 people and includes a terraced area with a capacity of 60 people.

 

Security:

The property is fully secured with an alarm system throughout and CCTV cameras covering both the inside and outside of the premises.

 

Fixtures and Fittings:

All fixtures and fittings are included in the asking price making it fully equipped and ready for any new owner to take over and continue running. Included in the assets are all the kitchen equipment.

A full list of assets is available upon request.

 

Reason for Sale:

The owner is selling the business due to other business commitments. This creates the perfect opportunity for any new owner to take over an exciting business opportunity with the potential for further growth.

 

Would you love to be running an already successful business and call it your own?

This is a business to get excited about and it is a rare opportunity in the market. We anticipate great interest in this amazing listing, and we don’t anticipate this business to be on the market for long.

This is a huge and unique business opportunity to become your own boss and carry out your passion daily.

A viewing of this business is highly recommended to appreciate its true value and the potential it has for any owner.

 

VIEWING STRICTLY BY APPOINTMENT!

 

If you are interested, please contact us to discuss any sale enquiries or arrange a viewing on 0161 519 1205.

Gallery

Contact Us

VIEWING STRICTLY BY APPOINTMENT!

0161 519 1205

admin@silkletting.co.uk

Finance options available

Speak with us about our flexible financing options

0161 519 1205

info@silkletting.co.uk

Contact us for more details, or book a viewing

Once an enquiry has been submitted you will receive a call from our team within 3 business hours.