Leasehold Bubble Tea Room Located In Coventry
Prominent Town Centre Position
Turnkey Business
Ref 3189

Asking Price £49,950 plus SAV (£2,500)

Location
Veritas Business Sales offer to the market this respected Bubble Tea Room 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 Bubble Tea Room 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. ALS Bubble Tea is overseen by the owner but operated by a team of 4 part time members of staff and has an average weekly turnover of £2,500. The menu offers a selection of cream foam cap teas, cheese foam cap teas, fruit teas, latte milk tea with bubble, Japanese Matcha, classic bubble milk tea, smoothies, juices and desserts.
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 - Sunday - 12:00 - 20:00

Leasehold
Term: 15 years
Remaining: 8 years
Rent: £29,250 pa
Reviewed: 5 yearly and tenant only break clause option
Rates: £3,250 pa

Ground Floor
Restaurant comprising: tables and chairs to cover (18), serve over sales counter, stainless steel worktop with two door chiller, EPOS till system with cash draw, two serve over display fridges, stainless steel table, hot water/steam heating, upright fridge, commercial blender, syrup machine, stainless steel double sink with ice storage and shelves, 2 x digital menu display monitors, window digital menu display board and refuse bin.
Kitchen with 2 x induction hobs (Buffalo) 4 x wall mounted metal shelves, hot water boiler (Nisbits) snow/ice maker, food mixer, 2 x stainless steel tables, stainless steel sink with directional hose, storage shelving, undercounter freezer (Indesit), ice machine, 2 door stainless steel fridge (Polar) and CCTV monitor (4 camera system).
Disabled W/C with wash basin.
Customer W/C with wash basin, 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

External
Frontage with tables & chairs to cover (8).
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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