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Long Leasehold Takeaway Located In Coventry

Coventry, West Midlands
Leasehold Price:
£99,950
Status
FOR SALE
Advert ID
258052
Reference
2460 / Rightbiz

Long Leasehold Takeaway Located In Coventry
Four Bedroom Accommodation Above
Spacious Kitchen & Large Storeroom
Suits All Types Of Takeaway
Ref 2460


Location 
This respected Chinese Takeaway is located on Stoney Stanton Road in Coventry. It stands within a prominent and highly visible trading position on one of the busy main roads just off the (A444) which connects you to the city centre. The town offers great retail shopping and an array of restaurants and bars. Coventry has great transportation links and has been named the UK’s city of culture for 2021, giving it a one-off opportunity to boost the economy, tourism and civic pride. 

Asking Price £99,950 plus SAV (£1,000)

Business Description 
Veritas Business sales offer to the market this delightful Chinese Takeaway which is located in Coventry. The premises have been used as a Chinese takeaway for over 30 years and has been in the careful hands of the current owner since April 2019. Reluctantly the business is being offered for sale so that they can concentrate on other business interests.                                                                                                                                                                                         Since ownership my clients have undertaken total refurbished to both the ground floor and the accommodation above and installed 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. Jimbo Chinese Kitchen is overseen by its owner and employs the help of 1 full time & 3 part time members of staff and has a weekly turnover of circa £3,000. The menu offers a full range of Chinese dishes where approximately 70% of the trade is delivered out with the remaining 30% deriving from collection or eating in.                                                                                                                                                                                          We believe that there is further potential to increase trade by opening on Tuesdays and extending the opening times on evenings. 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 an established business which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed. 


Late night refreshment licence allows opening until 12am from Sunday – Thursday & 12:30am Friday & Saturday.
Current Opening Hours
Monday – 11.30am – 10.00pm  
Tuesday – closed
Wednesday – Sunday – 11.30am – 10.00pm 

Leasehold
Term: 25 years
Remaining: 24 years
Reviewed; 5 yearly 
Rent: £300 per week 
Business Rates: zero
Council Tax: £1,222 pa

Ground Floor (136 sq m or 1466 sq ft)
Door leading to retail takeaway with customer seating for (16), sales counter with EPOS till system, stainless steel worktop with 3 door under counter fridge, 3 wall mounted storage cupboards and cutlery area.                                 Customer W/C with wash basin.                                                                                                                                            Commercial kitchen comprising: stainless steel saladette with 2 door under counter fridge (Capital), hot cupboard with stainless steel worktop and 2 shelves, stainless steel table, 2 rice cookers, small chest freezer, dual deep fat fryer, 9 wok station Chinese cooker, extraction canopy, 4 wok station Chinese cooker, extraction canopy, stainless steel double sink drainer, stainless steel table with 2 shelves, 2 stainless steel work tables, 2 stainless steel double door fridges, electric meat steamer, stainless steel work table with commercial tin opener, blender, microwave stainless steel washing-up sink, stainless steel wash basin, stainless steel double sink and new combi boiler (Main). Staff W/C with wash basin.                                                                                                                                                        Dry stores with 7 chest freezers, 4 upright fridges, upright freezer and shelving units.    
The shop benefits from CCTV (12 camera system) and electric roller-shutters to the frontage and rear.


External                                                                                                                                                                                              Front door leading to a small hallway with stairs leading to the first floor.    


First Floor (66 sq m or 714 sq ft)                                                                                                                                                                                   Kitchen, fully fitted with new combi boiler (main)                                                                                                                                      Double bedroom                                                                                                                                                                              Double bedroom                                                                                                                                                                       Double bedroom                                                                                                                                                                         Bathroom with shower cubicle, wash basin and W/C                                                                                               Bathroom with shower cubicle, wash basin and W/C                                                                                                                 Hallway with stairs leading to the second floor                                                                                                                                

Second Floor (14 sq m or 148 sq ft)                                                                                                                                                                                  Double bedroom with 2 velux windows
The property benefits from gas fired central heating.

Listing Details
Leasehold Price: £99,950
Tenure: Leasehold
Location: Coventry, West Midlands
Sector: Take Aways Businesses, Fast Food Businesses, Chinese Restaurants
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Prime Location
  • Established Business
  • Close to Local Amenities
  • Fully Fitted
  • With Accommodation
  • Potential for Alternative Use
Contact Agent
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Agent Name: Upgrade to view
Advert Reference: 2460 / Rightbiz

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