Leasehold Bar & Fast Food Kitchen Located In Coventry City Centre
Ref 2944

Location
A fantastic opportunity to acquire this respected Bar & Fast Food Kitchen which is located in Coventry City centre. Situated within a prominent and highly visible trading position on Gosford Street. The immediate area is very student based being opposite Coventry University and benefits from an abundance of retail shops, bars and restaurants. All of which brings high level of footfall to the area.

Asking Price: £125,000 plus SAV (£5,000)

Business Description
Veritas Business Sales are delighted to offer for sale this established Bar & Fast Food Kitchen which is located in Coventry City centre. The business has been established since 2010 and they are now offering the business for sale due to increasing family commitments.
Since ownership they have 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 Quids Inn is owner operated with both partners working full time along with an additional 3 full time and 2 part time members of staff and has an average weekly turnover of £8,000 - £10,000 on just wet sales. The kitchen provides additional income which can be owner operated but for the past few years it has been sub-let. The bars customer base is student led and the kitchen is currently set up to serve fast food & pizzas but the cuisine can easily be changed.
We believe that new owners can increase revenue by taking the kitchen back in house. 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 turnkey business which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - Sunday - 20:00 - 04:00

Leasehold
New lease to be granted
Term: negotiable
Rent: £30,000 pa
Business rates: TBC

Ground Floor
Door with stairs leading to the first floor bar. The stairs has a cupboard which houses the electric metre.
Bar comprising: pool table, 3 x wall mounted TV's, tables and chairs to cover (80), duke box, 16 x wall mounted illuminated advertisement boards, bar servery with draught beer taps, old fashioned cocktail shaker, wall mounted shelving, undercounter 2 door fridge, undercounter 3 door fridge, stainless steel wash basin, 2 x EPOS tills, upright beer fridge, glass washer and 2 x 2 door beer fridges.
Cellar which has recently had a with a brand new cooling system installed, soft drink mixers and an ice machine (polar).
Spirits store with shelving, staff area to include 4 x lockers, office area with CCTV monitor (16 camera system).
Toilets comprising 3 x unisex W/C's and a hallway with 3 x wash basins, wall mounted soap dispensers, wall mounted hand dryer and 3 x wall mounted mirrors.
Kitchen comprising: dough mixer, dual deep fat fryer, griddle, Pizza oven, extraction canopy, 3 x stainless steel tables, microwave, hot water urn (Swan), saladette with 3 door undercounter fridges, wash basin, stainless steel sink with directional hose, upright freezer (Prodis), upright fridge (Polar), 2 x wall mounted soap dispensers, chopping boards, 3 x soup kettles, sandwich toaster (Breville) and rear exit door leading the yard.
Both the bar and kitchen areas have separate electric roller shutter so that they can be operated at different opening times. The property has an ADT intruder alarm.

External
First floor with covered seating area with tables & chairs to cover (60), 5 x electric heaters, pool table and stairs leading down to the ground floor area. (This area has planning permission passed to convert into a permanent structure.
Ground floor area with covered area which has tables & chairs to cover (80), pool table, TV and 5 x electric heaters.

The external areas has the benefit of the music system.

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.

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