Superb Restaurant & Coffee Shop | | Undisclosed Warwickshire | | SUPERB RESTAURANT & COFFEE SHOP - WARWICKSHIRE Indoor shopping centre located in Nuneaton town centre Refrigerated van included within the sale worth £4,500 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66252
ADVERT IMPRESSIONS : 14,648 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £139,500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB RESTAURANT & COFFEE SHOP - WARWICKSHIRE
Refrigerated van included within the sale worth £4,500
Business to include all fixtures, fittings and equipment
Early interest and viewing is highly recommended
Prominent trading position with covered access
Advised annual turnover of £271,950
Located in Nuneaton town centre
Well appointed and presented
High footfall location
Close to bus station
LEASEHOLD
Location
This well appointed restaurant and coffee shop is situated in a prominent trading position in the town centre of Nuneaton. Its position is surrounded by blue chip retailers and is in a highly populated residential area and has a wealth of industry nearby. It has a great central location and is 3 miles from Bedworth, 4 miles from Hinckley and 6 miles from Coventry city centre. It's accessed by the A444 and is in close proximity to the M6, M69, M1 and M42 motorways making this a perfect and easily accessible location.
Business History
Meridian Business Sales are privileged to offer to the market this well respected and thriving restaurant and coffee shop. The business has been established for 7 years when our clients set the business up from an empty shop and have transformed it into what it is today. This superb concern is only being offered to the market due to our clients wanting to slow things down and semi -retire. Our client informs us that the annual turnover for the business is £271,950, which is derived from 60% eat in restaurant sales where they serve daily specials, OAP meals, roast dinners, breakfasts, omelettes, sandwiches, teas and coffees. The other 40% is from retail take-away sales where they sell cooked meats from the deli counter, homemade pies, quiches, cakes, crisps, cold drinks and sandwiches. The business is owner operated and has 1 full time and 8 part time members of staff. During our clients ownership they have made considerable investment and have continually invested in new equipment and 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. We believe that there is huge potential to increase turnover by pushing outside catering. Early viewing is highly recommended as this business cannot be missed.
Financial Profile
Turnover: £271,950pa
Gross profit: 66%
Stock approximately: £3,000
Tenure
Leasehold
Original length: 10 years
Remaining: 3 years
Rent: £22,500pa + VAT
Opening Hours
Monday to Friday: 8:45am - 5:00pm
Saturday: 8:00am - 5:00pm
Sunday: 8:00am - 5:00pm
Accommodation
Retail restaurant and coffee shop situated in a high footfall in the town centre of Nuneaton, briefly comprising:
GROUND FLOOR
Open plan retail shop comprising of, deli counter and retail take-away sales area with serve over meat chiller counter, additional serve over chiller counter, meat slicer, wash basin and sink drainer.
Main 60 seater restaurant with tables and chairs.
Kitchen area with electric 4 x ring hob, grill, convector oven, extraction unit, hot water boiler, 4 x pot wet bain-marie, filter coffee machine, espresso coffee machine, 3 x microwaves, milk shake maker and a selection of fridges and freezers.
Washing up area with sink, dishwasher and wash basin.
Ladies/gents/disabled toilet and wash basin
Dry stores with fridge and freezer
FIRST FLOOR
Office and rest room with double fridge, 2 x freezers and storage shelves
Store room | | | | | | FOR SALE | | | | | REFERENCE: | 2705 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
