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 ½ 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

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

No longer on the market

Cafe

Features and description

About this agent

See more properties like this