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Coventry-Based Licensed Restaurant & Function Venue with Large Car Park, New Lease Available

Coventry, West Midlands

CONFIDENTIAL SALE

  • Status

    SOLD / WITHDRAWN

  • Date Submitted:

    04/04/24

  • Advert ID

    609242

  • Reference

    2933 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £59,950
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Licensed Restaurant & Function Venue Located In Coventry

Licensed Restaurant & Function Venue Located In Coventry
A3 & A4 Consent
Ideal For Shisha
Ref 2933

Location
A fantastic opportunity to acquire this vacant Restaurant & Function Venue which is located in the Foleshill area of Coventry. Situated at rear of 37 Broad Street. The property is accessed by a secure gated driveway with a large car park. The local area offers an abundance of retail shops, commercial businesses and is densely populated with residential properties. Coventry city centre is approximately (2 miles) away and you have easy access to the A444 which leads to the M6 motorway.

Asking Price £59,950 plus

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Restaurant & Function Venue which is located in Coventry. The premises trading as a successful Romanian Taverna but for unforeseen personal reason the business owners have had to go back home. We now act for the landlord so a new lease will be granted. The premises have been kept in good order and comes with plenty of equipment along with fixtures & fittings which are all bought and paid for are included within the sale price. The turnover was circa £8,000 per week but no accounting information will be provided.
We believe that this site offers huge potential and would suit a variety of cuisines as well as Shisha. With that in mind early viewing is highly recommended as this is not to be missed.

Licensing Hours
Monday – Sunday – 10:00 – 03.30

Leasehold
New lease to be granted
Term: negotiable
Rent: £35,000 pa
Business Rates: £2,000 pa

Ground Floor
Entrance door leading to hallway.
Ladies 2 x W/C’s with wash basin, wall mounted soap dispenser, wall mounted paper towel dispenser and wall mounted hand dryer.
Gents W/C with urinals, wash basin, wall mounted mirror, wall mounted soap dispenser, wall mounted paper towel dispenser and wall mounted hand dryer.
Restaurant/bar comprising: restaurant with tables & chairs to cover (70), table football machine, 4 x wall mounted TV’s, stairs leading to a first floor balcony area for (20) people, second set of stairs leading to a balcony area for (30) people, bar servery with draught beer pumps, 2 x 2 door undercounter beer fridges (Adexa), chest freezer (Tefcold), storage shelves for glass display, EPOS till system, stainless steel sink drainer, base units, blender (Waring), dishwasher (Halcyon), ice machine, worktop with base units, fridge (Indesit) and coffee machine (on lease).
Kitchen comprising: stainless steel wash basin, wall mounted soap dispenser, wall mounted paper towel dispenser, stainless steel sink drainer, base units, stainless steel dual sink, wall mounted units, worktop, microwave (Amana), fridge/freezer (Hotpoint), (Rational) oven, metal storage racking, 6 burner hob, stainless steel table x 2, tandoori oven (Shaan Tandoori), chargrill, hot cupboard (Toros), extraction canopy, dual deep fat fryer (Ace), saladette with 3 door undercounter fridge (Polar), 3 x stainless steel upright freezers (Polar), 2 door stainless steel fridge (Polar), hot cupboard with heated gantry, worktop with can opener and serving hatch to the restaurant.
Storeroom. Storeroom with 2 x chest freezers, meat slicer, boiler (Worcester Bosch) to service the central heating, exit door, metal storage unit and 2 filing cabinets.
Office with boiler (Main) to supply the hot water.
Second kitchen with chargrill, 6 burner range, extraction canopy, stainless steel sink, 2 door undercounter fridge (Polar), wash basin and fridge/freezer (Beko).
The property benefits from an intruder alarm, fire alarm, CCTV (8 camera system) and sound system.

External
Front car park for (25) vehicles. Yard area with decked area, timber built hut with pizza oven, smoking shelter with roller shutter opening to the second kitchen. Timber built function room for (70) people.

Read more

Contact Agent

Contact the seller for more details, or book a viewing

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Licensed Restaurant & Function Venue Located In Coventry - 2933 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.