Restaurant and party lounge for sale in Coventry with 150 capacity and diverse offerings
Coventry, West Midlands
- Status
FOR SALE
- Advert ID
646880
- Leasehold: £60,000
- Rent: £36,000 (£3,000 per month)
- Turnover: On request
- Profit: On request
Key Features
- Financial performance potential
- Fireplaces and heating elements
- First floor restaurant space
- Flexible business operation options
Business Details
Busy Restaurant and Party Lounge in Coventry
The Phat Bear – A Gem in Coventry!
Are you ready to step into a thriving business with a heart? The Phat Bear, located on the bustling Radford Road, is a restaurant and cocktail bar/party lounge that has already made a name for itself in just three short months!
Why The Phat Bear?
- Massive Potential: Can seat up to 70 ppl but the standing-option capacity for parties and late night attractions is up to 150 with the dance floor. The Phat Bear has already secured bookings for weekend celebrations, ranging from birthdays to weddings, which guarantees a steady income stream until the end of the year!
- Diverse Offerings: Enjoy a popular breakfast café, a vibrant cocktail bar, exciting quiz nights, and pop-up kitchens featuring the best chefs in the UK!
- Welcoming Atmosphere: Our trained staff, fully licensed establishment, and inviting outdoor beer garden make The Phat Bear a perfect spot for dining and socialising.
- Prime Location: Situated on a busy main road, attracting foot traffic and visibility.
- Flexible Space: The large, fully operational kitchen is equipped with high-quality appliances, allowing for various culinary possibilities.
- Online presence: website: www.thephatbear.com google: https://share.google/CmsqL4mRkF4JeiPoM; tiktok: https://www.tiktok.com/@thephatbear/video/7609381246371745046?is_from_webapp=1&sender_device=pc; facebook: https://www.facebook.com/ThePhatBear/
- Guaranteed Income: Fully booked for the whole year with majority parties 40-80 ppl - All bookings come with deposits that will be returned to the new owner!
We have poured our hearts into creating this special place, and now it's time for someone new to take the reins as we embark on our adventure abroad. With a solid online presence and amazing community support, The Phat Bear is poised for continued success.
💰 Asking Price: £65,000
- Open to offers for this amasing opportunity with a 10-year lease!
Don’t miss your chance to own this incredible restaurant! For more details or to schedule a viewing, reach out today. Make The Phat Bear your own and continue its legacy of warmth and success!
Reason for sale: Personal Reasons - Opportunity to move abroad.
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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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