Leasehold Sandwich Bar Located In Coventry

Leasehold Sandwich Bar Located In Coventry
5 Star Facebook Rating
Ref 2913

Location
This respected Sandwich Bar concern is located in Coventry. Situated within a prominent and highly visible trading position on the (B4109) Aldermans Green Road and on a corner where it meets Jackers Road. The surrounding area is densely populated with residential properties, other businesses and benefits from two schools nearby. Coventry city centre is within easy reach being just (3.8 miles).

Leasehold Asking Price: £69,950 plus SAV (£1,500)

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Sandwich Bar which is located in Coventry. The business has been established for over 22 years and has been in the careful hands of our client for the past 10 years. The business is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership they have made continual investment in new equipment, along with all 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. Maddy’s is owner operated with the help of 2 part time members of staff. For year ending 31st March 2023 they posted a turnover of £219,291 with a GP of £88,292 (40%) which produces a healthy net profit. They serve a fine range of breakfast sandwiches, breakfast trays, cold sandwiches, batches, wraps, baguettes, panini’s, salads boxes, jacket potatoes, burgers, home cured bacon, coffees, teas, and soft drinks. Included within the sale are 2 vending machine contracts.
We believe that there is a potential to increase trade, should you wish to extending the current opening times, building the outside catering & buffets and by joining the online deliver portals such as Just Eat & Deliveroo. 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 plenty of passing trade. This is a superb opportunity to purchase an established business with plenty of potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday – Friday – 8:00am – 2:00pm
Saturday – 8:00am – 1:00pm
Sunday – closed

Leasehold
Lease term: 12 years
Remaining: 10 years
Rent: £3,673.68 pa
Business rates: zero

Ground Floor
Takeaway comprising: serve over chilled display counter, Coca-Cola drinks fridge, crisp display stand, 2 x griddles (Stalwart), 4 pot wet bain-marie (Lincat), stainless steel worktop, worktop with base units, cash register (Sharp), 2 slice toaster, stainless steel wash basin, 3 x wall mounted paper towel holders, specials blackboard, ceiling mounted menu boards and rear exit door.
Covered yard area with 3 x upright fridges (Indesit) and chest freezer.
Side entry with worktop, base units and door leading to the frontage.
Staff W/C with wash basin, wall mounted soap dispenser, wall mounted paper towel holder, electric water heater (Triton) and electric heater.
Prep room with 3 x single deep fat fryers, 2 x undercounter freezers and worktop with base units. The walls and ceiling have been cladded with UPVC.
Kitchen comprising: 4 ring electric hob/oven, worktop with base units, worktop with stainless steel sink drainer and tin opener, wall mounted soap dispenser, wall mounted paper towel holder and 2 x wall mounted shelves.

External
Frontage with external seating for (12). Car park with parking for (4).

EPC Rating D