Coventry, CV2

Freehold Sandwich Bar/Coffee Takeaway & Bakery Located In Coventry

Established Businesses

Ref 2188

Location

This respected Sandwich Bar/Coffee Takeaway & Bakery businesses is located within a prominent and highly visible trading position in Coventry. The city has a very large student population and Coventry has been named as the UK's city of culture for 2021, giving it a one-off opportunity to boost the economy, tourism and civic pride. The City is also very easily accessed via train, A45, A444 and the M6 motorway.

Business information

Freehold Asking Price: £190,000 plus SAV

Leasehold Asking Price: £59,950

Turnover: £6,000 per week

Stock: £3,500

Leasehold

Term: Negotiable (New lease available)

Rent: £12,000 pa

Rates: £2,000 pa

Business Description

Veritas Business Sales are delighted to offer for sale this delightful Sandwich Bar/Coffee Takeaway & Bakery business which is located in Coventry. The business was established back in 1970 and has been in the careful hands of my client for the past 2 years. Reluctantly the business is now being offered for sale at a heavily reduced price as ill health forces a quick sale. Since ownership he has continually 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 owner dedicates very little time on site so the business is operated on a day to day basis by a team of committed staff and has an average weekly turnover of £6,000. Luxury Bakery has a fully equipped on site wholesale bakery and produces a full range of products to include, bread, bread rolls, pastries, pies, confectionery, cakes and celebration cakes. These products are sold in retail area at the front of the premises where they also sell freshly cut sandwiches and hot & cold drinks. We believe that there is further potential to increase trade by having a more hands on owner operator or husband & wife team at the helm along with expanding the wholesale business and venture into outside catering. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with new passing trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Ground floor

Retail takeaway with serve over cold counter, drinks cooler, celebration cake display, bread display shelves, pie warmer (Buffalo), panini press (Dualit), EPOs cash register, meat slicer, microwave (Russell Hobbs),electronic weighing scales, convection oven (Smeg), work top and base units. Loading bay with hand wash basin, upright fridge (Vestfrost), upright fridge (Foster), upright fridge (Iarp), bread slicer, 2 door large upright freezer Williams), confectionery storage cupboard, cooling racks, packaging sealer and walk-in freezer. Celebration cake finishing/consultation room with storage racking, storage cabinet and office desk. Gents W/C Ladies W/C Bakery with flour stores, 6 x metal work tables, 3 electronic weighing scales, pastry mixer (Sammic), dough mixer, hand wash basin, electric bun divider, manual bun divider, upright fridge (Foster), 5 deck bakery oven (Spectra), 5 deck bakery oven (Compacta), 5 x cooling racks, cream mixer, proofer and confectionary storage cupboard. Wash room with stainless steel sink, metal storage racks, double door fridge (polar), doughnut fryer, stainless steel work table and pastry case machine. Gents changing room. Ladies changing room. Office with 2 x desks, cabinets, computer and 2 x printers. Store room.

First floor

Dry stores with racking.

External

Rear store room for racking.

Front yard with parking for (2) (sign written delivery van included)

Staff - Bakery (4 full time)

Opening hours Monday - Friday - 4.00am - 5.00pm & Saturday - 4.00am - 9.00am

Staff - Retail sandwich bar (6 part time)

Opening hours Monday - Saturday - 8.00am - 4.30pm