Leasehold Coffee Shop Located In Coventry City Centre

Leasehold Coffee Shop Coventry City Centre
Annual Turnover of £315,318, Exclusive of VAT
Internal Seating For Approximately 43
External Seating For Approximately 40
Central Shopping Location
Ref 3299

Asking Price £124,950
Proposed Sale of Shares

Location
Thriving Coffee Shop located In Coventry city centre.

Business Description
Veritas Business Sales is delighted to offer for sale this established coffee shop, situated within Coventry’s central shopping district. Established by our clients in December 2021, the business is now offered for sale as they seek to reduce their operational commitments and focus on their other sites.
Our clients have invested significantly in the premises, fixtures, fittings and commercial equipment, creating an attractive and well-equipped coffee shop. We are advised that the equipment included within the proposed sale is owned outright.
The business is overseen by the owners, supported by three full-time and five part-time members of staff. For the year ended 31 March 2025, reported turnover was £315,318, exclusive of VAT, with a gross profit of £242,487, representing a gross profit margin of approximately 77%.
The menu includes specialty coffees, hot chocolate, teas, milkshakes, soft drinks, chocolates, cakes, pastries, breakfast rolls, paninis, toasties, croissants and desserts.
The premises offer approximately 43 internal seats, complemented by external seating for approximately 40 customers.
The business benefits from an established customer base, with potential for an incoming owner to explore longer opening hours and further menu development.

SALE STRUCTURE & BRAND
The proposed transaction is a sale of the shares in the company holding the lease of the Coventry premises. The precise transaction terms and any landlord or third-party consent requirements are subject to legal due diligence.
This is an excellent opportunity to acquire an established city-centre coffee shop with substantial reported turnover, an experienced team and a comprehensive range of equipment.
Early viewing is highly recommended.

Opening Times
On application

Leasehold
Lease Term: 15 years from 5 November 2021
Annual Rent: £35,000 plus VAT
Rent Reviews: 5 November 2026 and 5 November 2031
Break Date: 5 November 2031, subject to the lease provisions
Business Rates: Reported at approximately £9,500 per annum
Service Charge: Reported at approximately £12,000 plus VAT per annum

Ground Floor
Café comprising: front and side double-door entrances, side double door entrance, tables & chairs, breakfast bar seating to cover (43), two baby high-chairs, leather sofa, two serve-over chilled display counters, serve-over sales counter with EPOS till, espresso three group coffee machine (Sanremo), two coffee grinders, two-door under-counter milk fridge, ice cream freezer, microwave oven (Buffalo), table-top oven (Merrychef), worktop, two (Atosa) four-door under-counter fridges, cling film wrapper, two wall-mounted shelves, ice cream machine (Carpigiani), ice machine (Hamoki), blender (Buffalo), four digital menu boards, four under-counter cupboards, two-pot wet bain-marie (Lincat), worktop with stainless steel sink, wall-mounted soap dispenser, wall-mounted paper towel dispenser, insect zapper. Wah-up area with stainless steel double sink and directional hose, four under-counter cupboards, dishwasher (Krupps), worktop with three undercounter cupboards, metal shelf for cup storage.
Cleaning cupboard with mop sink.
Cloak area and storage.
Dry stores with four storage units, two (Polar) two-door upright freezers, upright two door fridge (Foster Xtra).

External
Frontage with tables & chairs to cover (40).