Goodall Street, Walsall, WS1 1QJ (restaurant business for sale)
Property SummaryCommercial property shop are pleased to present this Spanish food restaurant business to the market. High T/O with low over heads. No business rates payable. Growth potential by increasing opening hours. Ideal investment opportunity
Ba Ba Reeba was founded by the current owner in 2015 when he identified a gap in the market for authentic Spanish food. The business has been a real labour of love for him and it is with a heavy heart that he has made the very reluctant decision to sell, only so that he can pursue his dreams of working in the fabric industry.
The business serves authentic Spanish food such as a range of starters, tapas, deli fusion dishes, pizza, pasta, salads, paella, risotto, steaks, fish, teas, coffees and alcohol free wines.
The business prides itself on serving the finest quality of food using local ingredients wherever possible. The chef is passionate, creative and has a strong focus on delivering high quality food and spent the last 14 years in Barcelona working for a five star restaurant.
The business has its own website. and it enjoys great visibility on the internet with brilliant reviews from the likes of TripAdvisor and JustEat. The business features prominently on sites such as Groupon, Tastecard, Gourmet Society etc and has its own Facebook page.
The business has many regular customers, and this increases steadily as the business becomes more established.
Scope to Improve:
Extend the opening hours, there are lots of young people/students in this area who would welcome a day time offering.
Advertising and marketing campaign.
Apply for an alcohol licence, this would make a dramatic impact on the turnover. The current owner can not offer this due to religious beliefs.
The business has a catering kitchen, develop outside catering and perhaps introduce a sandwich round delivering to local businesses.
Introduce theme nights, ie open mic or book clubs etc.
Prime location in the West Midlands (Walsall Town Centre) 55 seater restaurant. this is a excellent opportunity for some one to take on a ready made business and take it to the next level.
the restaurants sits in a great location in the town centre of Walsall. traffic passing by every sec of the day. The area has a rich multicultural mix of population and Goodall street has a variety of occupiers, housing and offices.
The premises location also has a diverse selection of retail and commercial style businesses in the area like all Banks, Sofias, BT offices and ASDA. A business in close proximity enhances the commercial premises on offer as it attracts visitors to the area throughout the year.
Ba Ba Reeba Ltd is situated on a busy and vibrant street just off the main shopping centre in Walsall. The business is nicely presented and maintained, well signed and sits alongside other complimentary businesses such as restaurants, dentist surgery, hairdressers and a tattoo studio. There is metered on street parking immediately outside the premises and there are a number of public car parks within a short walking distance.
Walsall is an industrial town in the West Midlands, located 8 miles north-west of the city of Birmingham and 6 miles east of the city of Wolverhampton.
Walsall is extremely well connected within the UK road network as it is served by the M6 which connects the M1 motorway towards London.
PREMISES & EQUIPMENT
Ba Ba Reeba occupies the ground floor of an end terraced period property. The premises are deceptively spacious and really need to be viewed to appreciate the space available.
Surprisingly generous interior and much larger than it looks from the outside, windows and glazed door to front creating a light airy and inviting interior, high ceilings which enhance the feeling of space even further, feature glass brick wall, wood effect flooring, feature pendant lighting, nice quality tables and chairs currently providing 50 covers but room for many more if required. Bespoke bar with bamboo front, glass fronted drinks chiller, till and card machine and perimeter shelving, 8 camera CCTV monitor, glass serve over ice cream freezer. Open plan kitchen with counter stretching the width of the restaurant with specially commissioned Ba Ba Reeba graphics to front and feature pendant lighting.
Immaculately presented and maintained, full extraction system with with stainless steel canopy and splashbacks, twin basket industrial fryer, Hobart mixer, Commercial griddle, twin deck pizza oven, stainless steel preparation tables, Electrolux upright freezer, 4 compartment stainless steel commercial fridge and two Williams upright fridges.
A comprehensively equipped catering kitchen again immaculately presented, full extraction system with stainless steel canopy and splash backs, chest freezer, Foster stainless steel upright fridge, Williams stainless steel fridge, stainless steel commercial mincer, stainless steel preparation tables, Commercial dishwasher, 6 burner gas hob, double stainless sink and drainer with spray tap, Panasonic Commercial Microwave oven, further microwave and stainless steel hand wash basin.
With hand wash basin and wheelchair access.
Ladies and gents toilets
Each with a hand wash basin and close coupled lavatory.
Walk in store cupboard
With hot water tank, ice machine and perimeter shelving.
Mezzanine storage area
Storage space above toilets with spare tables and chairs, 4 pot Bain Marie, spare blender and food processor. The sale includes all pots and pans, China ware, cutlery and glasses.
We are advised that Ba Ba Reeba Ltd is being sold as a leasehold business opportunity.
The current ten year lease has seven years remaining as of 2018 and we are further advised that the landlord would be happy to negotiate a mutually acceptable lease with the new owner.
The rent is a reasonable £15,000 +VAT per annum.
At the time of instruction there were no business rates payable.
Monday to Sunday: 5pm to 11pm
Reasons to Buy:
A well-established business with an enviable reputation and many existing customers.
Current owner happy to offer a handover to ensure the continued success.
A real opportunity to increase turnover significantly by introducing alcohol and extending the opening hours.
Includes website and all social media platforms.
Ideal owner managed or husband and wife business.
Everything included in sale making this a real Turnkey business.
Low running costs with inexpensive rent and no business rates.