Summary - 152, HIGH STREET B17 9PN
1 bed 1 bath Restaurant
Turn-key tapas and cocktail bar in Harborne with strong trade but only two years left on lease.
Prominent High Street location in affluent Harborne, strong footfall
Average weekly turnover £5,000–£6,000; established local reputation
Recently refurbished; fixtures, fittings and kitchen included in price
Compact trading area (covers 34); suited to owner-operator
Lease only 2 years remaining — lenders likely to refuse mortgages
Rent £22,140 pa; business rates approx £5,000 pa; 6-month rent deposit
High crime area noted — may affect insurance and staffing costs
Trading currently Tue–Sat; potential to increase trade by opening Sundays
This Leasehold Mediterranean tapas and cocktail bar occupies a prominent High Street spot in affluent Harborne, with a strong local reputation and a loyal regular customer base. The business has been recently refurbished and includes paid-for fixtures, fittings and a fully equipped kitchen, allowing a new owner to trade immediately without significant capital outlay.
Trading Tuesday–Saturday with average weekly takings of £5,000–£6,000, the venue offers scope to increase revenue by extending opening hours (for example adding Sunday lunch) and by local marketing. The compact dining room (covers 34) and street-facing frontage suit an owner-operator or small management team focused on quality food and drinks.
Important practical considerations: the lease has only 2 years remaining and rent is £22,140 pa; mortgage lenders will likely refuse lending on this lease term. The area records higher crime levels, which may affect insurance and staffing; ongoing costs include business rates c.£5,000 pa and a rent deposit equivalent to six months.
This is a turn-key, small-footprint restaurant in a busy retail parade — attractive to a hands-on buyer or investor prepared to negotiate a new lease or purchase the freehold elsewhere. Early viewing is recommended for those who can act quickly on lease and security matters.
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