Leasehold Fish & Chip Takeaway Located In Coventry

Leasehold Fish & Chip Takeaway Located In Coventry
Three Bedroom Accommodation Above Producing Rental Income Of £1,000 PCM
Established Business
Ref 3160

Asking Price £119,950 plus SAV (£2,000)

Location
This established Fish & Chip Takeaway is located in the area of Whitmore Park in Coventry, West Midlands. Situated within a highly visible and prominent trading position on Glentworth Avenue where it meets Beake Avenue. Its part of a busy parade of shops which brings high levels of footfall to the area. The immediate area is densely populated with residential houses, businesses and within close proximity you have several schools. Coventry City centre where you have an array of retail shops, bars and restaurants in (2.7 miles).

Business Description
Veritas Business Sales are delighted to offer for sale this respected Fish & Chip Takeaway which is located in Coventry. The business has been established for 65 years and has been in the careful hands of our clients since August 2023. Reluctantly the business is being offered for sale due to unforeseen ill health.
Since ownership they have kept the premises in good order, all 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. Glentworth Fish Bar is owner operated with the help of 1 full time and 3 part time members of staff and has an average weekly turnover of £6,500-£7,000. Approximately 60% of trade is walk-in and the remaining 40% derives from the online portal Just Eat. They serve a fine selection of fish & chips along with chicken, burgers, pies, sausages, saveloy’s, kebabs, vegetarian options, condiments and cold drinks. We believe that there is further potential to increase trade should you wish, by expanding upon the current menu by introducing pizzas, Chinese or Indian foods, extending the current opening times and opening on Sundays. 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 many passers by. 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.

Opening Times
Monday – Wednesday – 15:00 – 20:30
Thursday – 15:00 – 21:00
Friday – 12:00 – 14:00 – 15:00 – 21:00
Saturday – 12:00 – 21:00
Sunday – closed

Leasehold
Term: 25 years
Remaining: 23 years
Rent: £23,000 pa
Reviewed: 4 yearly
Rates: zero

Ground Floor
Takeaway comprising: with serve over sales counter with covid screen, electronic cash register, wall and ceiling mounted menu boards, 3 pan range (Preston & Thomas) with chip box & scraps box, 3 food warming cabinets, double kebab rack, single kebab rack, kebab meat shaver, kebab meat catcher, 4 pot dry bain-marie’s, 2 x 3 pot wet bain-marie (Buffalo), extraction canopy, pie warmer, upright drinks fridge and undercounter freezer (Bush)
Preparation room with CCTV monitor, 2 x stainless steel tables, commercial microwave, domestic microwave, toaster, stainless steel wash basin, wall mounted paper towel dispenser, stainless steel sink, worktop and storage shelves.
Kitchen comprising: 4 x chest freezers, 3 x upright fridges, stainless steel fish fridge, potato chipper (IMC), potato peeler, stainless steel potato soak tank, 3 x plastic chip barrels, potato storage area, 4 ring gas hob/oven, wall mounted shelving, hot water boiler and stainless steel sink drainer.
Hallway with washing machine/dryer and back
Staff W/C with hand wash basin.

First & Second Floor
3 bedroom flat above spread over two floors which is currently sub-let for £1,450 PCM to include utilities. The flat can be made available to a purchaser.

External
Rear yard. Frontage with off road parking for (3).
The property benefits from UPVC double glazing to the rear windows, gas fired central heating and CCTV (4 camera system).

EPC Rating D