Leasehold Bubble Tea Room for sale in Coventry city centre with potential for growth
Coventry, West Midlands
- Status
WITHDRAWN
- Advert ID
639655
- Reference
3189 / Rightbiz
- Call Agent:
- Leasehold: £49,950
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Leasehold Bubble Tea Room Located In Coventry
Leasehold Bubble Tea Room Located In CoventryProminent Town Centre Position
Turnkey Business
Ref 3189
Asking Price £49,950 plus SAV (£2,500)
Location
Veritas Business Sales offer to the market this respected Bubble Tea Room which is located in Coventry City centre. Situated within a prominent and highly visible trading position on Smithford Way which is opposite the very busy West Orchard Shopping Centre. The city offers an abundance of retail shops, bars and restaurants, all of which bring high levels of footfall to the area.
Business Description
Veritas Business sales offer to the market this delightful Bubble Tea Room which is located in Coventry. The business was established by our clients back in 2018 and they are now offering the restaurant for sale due to other business commitments requiring their attention.
Since ownership they have totally refurbished, redecorated and invested in 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. ALS Bubble Tea is overseen by the owner but operated by a team of 4 part time members of staff and has an average weekly turnover of £2,500. The menu offers a selection of cream foam cap teas, cheese foam cap teas, fruit teas, latte milk tea with bubble, Japanese Matcha, classic bubble milk tea, smoothies, juices and desserts.
We believe that there is further potential to increase revenue should you wish, by having a more hands on owner operator and by serving alcohol. 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 a turnkey restaurant with further potential which is a great base to build upon and as such early viewing is highly recommended.
Opening Times
Monday – Sunday – 12:00 – 20:00
Leasehold
Term: 15 years
Remaining: 8 years
Rent: £29,250 pa
Reviewed: 5 yearly and tenant only break clause option
Rates: £3,250 pa
Ground Floor
Restaurant comprising: tables and chairs to cover (18), serve over sales counter, stainless steel worktop with two door chiller, EPOS till system with cash draw, two serve over display fridges, stainless steel table, hot water/steam heating, upright fridge, commercial blender, syrup machine, stainless steel double sink with ice storage and shelves, 2 x digital menu display monitors, window digital menu display board and refuse bin.
Kitchen with 2 x induction hobs (Buffalo) 4 x wall mounted metal shelves, hot water boiler (Nisbits) snow/ice maker, food mixer, 2 x stainless steel tables, stainless steel sink with directional hose, storage shelving, undercounter freezer (Indesit), ice machine, 2 door stainless steel fridge (Polar) and CCTV monitor (4 camera system).
Disabled W/C with wash basin.
Customer W/C with wash basin, wall mounted mirror and wall mounted hand dryer.
The restaurant benefits from a ceiling mounted air-conditioning unit that also blows hot air when required
External
Frontage with tables & chairs to cover (8).
Shared rear yard with bin area.
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This listing has been withdrawn by the seller or their agent. Please check back soon for any future updates.
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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