£74,950

Restaurant for sale

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Under offer

£74,950

Restaurant for sale

Warwick Row, Coventry CV1

Local area information

Property location

Nearby amenities

  • King Henry VIII School 0.3 miles
  • Coventry 0.3 miles
  • Spon Gate Primary School 0.4 miles
  • Canley 1.4 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Coventry to find out more about the area.

Features and description

  • Leasehold Coffee Shop
  • Licensed
  • City Centre Location
  • Staff Operated
  • Further Potential
Leasehold Coffee Shop Located In Coventry City Centre
Licensed
Ref 2944

Location
A fantastic opportunity to acquire this respected Coffee Shop which is located in Coventry City centre.

Asking Price: £74,950 plus sav (£1,000)

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Coffee Shop which is located in Coventry City centre. The business has been established since 2015 and has been in the careful hands of our clients for the past 2 1⁄2 years. They are now offering the business for sale due to other commitments needing their attention.
Since ownership they refurbished, redecorated and invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is overseen by the owners but operated daily by a team of 3 full time & 5 part time members of staff and for year ending 30th April 2023 they posted an annual turnover of £175,904 net of vat. They serve specialist coffee, teas, hot chocolate, iced drinks, smoothies, soft drinks, alcoholic beverages, breakfast items, pastries, bagels, toasties, salads, scones, muffins and cakes. All can be enjoyed in the relaxed and cosy premises or simply taken away.
We believe that any new hands on owner operator can make their desired changes and take this to the next level. To increase revenue you could expand on the current food offering and open evenings and trade as a bar. The business already enjoyed a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a ready made business which has untapped potential and is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Opening Hours
Monday - Friday - 08:30 - 17:00
Saturday & Sunday - 10:00 - 17:00
Alcohol licence until - 21:00

Leasehold
New lease to be granted
Term: Negotiable
Rent: £15,000 pa
Business rates: Zero

Ground Floor
Café with seating for (34), serve over sales counter, glass food display cabinet, drinks chiller, ice cream freezer, 3 head espresso coffee machine (Conti), coffee grinder (Sanremo), coffee grinder (Quamar), Entrance door leading to a small vestibule.
Ladies W/C with wash basin, wall mounted mirror and wall mounted paper towel dispenser.
Gents with wash basin, wall mounted mirror and wall mounted paper towel dispenser.
Hallway with baby high chair.
Staff changing room with lockers, 6 x wall mounted shelves, metal storage racking, stainless steel fridge (Polar) and stainless steel freezer (Polar).
Hallway with fire alarm and storage cupboard with alarm panel and rear exit door.
Kitchen comprising: Worktops, turbo fan oven (Blue seal), 2 x dual panini press (Buffalo), tabletop freezer (Catercool), microwave, order ticket machine, storage shelves, 4 slice toaster, induction hob, kettle, blender (Adexa), saladette with 2 door fridge, dual stainless steel sink with directional hose and drainer, dishwasher (DC series), undercounter fridge (Lec), ice machine (Polar), combination boiler (Vaillant), central work table and wall mounted unit.

External
Rear yard with shelter, bin area and parking for (1).

EPC Rating D

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Veritas Business Sales Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Veritas Business Sales Ltd for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. West Midlands
  4. Coventry
  5. Coventry City Centre
  6. Warwick Row

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Zoopla Limited is an appointed representative of Uswitch Limited which is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide the mortgage calculator tool and incorporated with company registration number 06074771 and registered office at The Cooperage, 5 Copper Row, London SE1 2LH. Uswitch Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 312850.

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