Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A

Key Features: • Vibrant High Street Bar & Restaurant with Late Night License • Late license until 1.30 am (Friday - Saturday) • With a forecast annual turnover of circa £1,139,006 p.a. • Split Wet circa £957,088 / Dry circa £168,909 / Other £7,997 • Open plan dining/drinking area/booths circa 100 • Private outside dining area • Great trade kitchen on the ground floor • 1 x 2 bed flat PLUS 3 x 1 Bedsits available

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 44 Boulevard Weston-Super-Mare BS23 1NF

Full Description: LOCATION

Sutton Coldfield is a large bustling town with great links to Birmingham City Centre.

The Slug & Lettuce is located a 2 minute walk from the busy Gracechurch Shopping Centre. There is public parking to the rear of the venue making it very accessible for all.

There are numerous cafes, restaurants and bars situated on the Birmingham Road, meaning plenty of competition to take advantage of.

THE BUSINESS PREMISES

Perfectly located on the busy high street through Sutton Coldfield centre, this venue benefits from both passing and local trade during the day and is a key part of the Sutton Coldfield nightlife scene with the late licencing allowing it to trade until 1.30 am. It is a spacious establishment with income from beverages, food and gaming.

The venue features one large trading area but is beautifully laid out with booth seating as well as furniture which can be moved to accommodate the later evening nightlife.

A fully equipped catering kitchen is situated on the ground floor.

With a 1.30 am licence on the weekend and a fully functioning trade kitchen, the venue is one which can cater for all opportunities.

With the benefit of a well fitted commercial kitchen.

PRIVATE QUARTERS

Main Accommodation:

* 2 bedrooms * 1 lounge * 1 bathroom * 1 kitchen * Second floor location

Self-Contained Bedsit 1

* Bedroom/living area * Private shower * Shared toilet * First floor location

Self-Contained Bedsit 2

* Bedroom/living area * Private shower * Private toilet * Second floor location

Self-Contained Bedsit 3

* Bedroom/living area * Private shower * Private toilet * Second floor location

THE BUSINESS

We do not have trading accounts, but the owners forecast is circa £1,139,006 p.a.

We cannot warrant any trading figures.

TENURE

The Slug & Lettuce at Sutton Coldfield is available on a turnover tenancy agreement with the Stonegate Group.

There will be a wet tie to Stonegate. The agreement is free of tie for all machines.

Rent in year 1 is £63,697 inclusive of a turnover based rent.

Headline rent in year 2 is £88,697 inclusive of a turnover based rent.