Leasehold Chinese Noodle Restaurant Located In Coventry
Prominent Town Centre Position
5 Star Food Hygiene Rating
Ref 3188

Asking Price £79,950 plus SAV (3,000)

Location
Veritas Business Sales offer to the market this respected Chinese Noodle Restaurant which is located in Coventry City centre. Situated within a prominent and highly visible trading position on Smithford Way which is opposite the very busy West Orchard Shopping Centre. The city offers an abundance of retail shops, bars and restaurants, all of which bring high levels of footfall to the area.

Business Description
Veritas Business sales offer to the market this delightful Chinese Noodle restaurant which is located in Coventry. The business was established by our clients back in 2018 and they are now offering the restaurant for sale due to other business commitments requiring their attention.
Since ownership they have totally refurbished, redecorated and invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Noodle King is overseen by the owner but operated by a team of 2 full time and 2 part time members of staff and has an average weekly turnover of £5,000. Approximately 90% of turnover comes via the restaurant with the remaining 10% by deliveries. The menu offers a selection of starters, pork, chicken, beef dishes, vegetable, noodles and rice dishes which can be accompanied with a selection of soft drinks.
We believe that there is further potential to increase revenue should you wish, by having a more hands on owner operator and by serving alcohol. The business already enjoys 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 turnkey restaurant with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday - closed
Tuesday - Sunday - 12:00 - 15:00 - 17:00 - 22:00

Leasehold
Term: 15 years
Remaining: 8 years
Rent: £30,750 pa
Reviewed: 5 yearly and tenant only break clause option
Rates: £4,500 pa

Ground Floor
Restaurant comprising: tables & chairs to cover (40), upright, fridge, chopstick warmer, tea egg cooker (Philips), digital window menu board, 6 wall-mounted digital menu display monitors, weighing scales, condiments counter with storage shelves, serve over sales counter, EPOS till system with cash drawer, hot cupboard with six pot wet bain-marie (Ace) undercounter freezer (Hisense), rice cooker (Crockpot) large gas burner with large pot, extraction canopy, noodle maker, noodle boiler, stainless steel sink, stainless steel wash basin, wall mounted paper towel dispenser, wall mounted metal shelf, storage cupboard, CCTV monitor (4 camera system), insect zapper, water boiler (Vokera), dumbwaiter access lift and stairs leading down to the basement.
Disabled W/C with wash basin, wall mounted mirror and wall mounted hand dryer.
Customer W/C with wash basin & vanity unit, wall mounted mirror and wall mounted hand dryer.
The restaurant benefits from a ceiling mounted air-conditioning unit that also blows hot air when required

Basement
Storeroom with 4 x food storage containers, 2 x chest freezers, storage racking and wall mounted shelf.
Dry stores with 2 door fridge (Empire), rice cooker, dough mixer, grease trap and fire exit door.
Kitchen with rice cooker (Cuckoo), stainless steel table, stainless steel unit with 4 shelves, microwave (Logik), extraction canopy, large gas burner & large pot, deep fat fryer (Infernus), metal trolley, 7 burner wok station, stainless steel table, stainless steel table with shelf, saladette with 2 door under counter fridge (Allison), dumbwaiter to lift access, stainless steel dual sink drainer, metal plate drainer, metal shelf, stainless steel wash basin, wall mounted paper towel dispenser, meat mincer, stainless steel table, meat slicer (Fest), stainless steel dual sink drainer and 2 x wall mounted metal shelves.

External
Shared rear yard with bin area.

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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