* Leasehold Sandwich Bar
* Low Rent
* Profitable
* Ideal Starter Business
Leasehold Sandwich Bar Located In Coventry
5 Star Facebook Rating
Ref 2913
Location
This respected Sandwich Bar concern is located in Coventry. Situated within a
prominent and highly visible trading position on the (B4109) Aldermans Green
Road and on a corner where it meets Jackers Road. The surrounding area is
densely populated with residential properties, other businesses and benefits
from two schools nearby. Coventry city centre is within easy reach being just
(3. 8 miles).
Leasehold Asking Price: £69, 950 plus sav (£1, 500)
Business Description
Veritas Business Sales are delighted to offer for sale this delightful
Sandwich Bar which is located in Coventry. The business has been established
for over 22 years and has been in the careful hands of our client for the past
10 years. The business is now being offered for sale so that they can enjoy a
well deserved retirement.
Since ownership they have made continual investment in new equipment, along
with all 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. Maddy's is owner operated with
the help of 2 part time members of staff. For year ending 31st March 2023 they
posted a turnover of £219, 291 with a gp of £88, 292 (40%) which produces a
healthy net profit. They serve a fine range of breakfast sandwiches, breakfast
trays, cold sandwiches, batches, wraps, baguettes, panini's, salads boxes,
jacket potatoes, burgers, home cured bacon, coffees, teas, and soft drinks.
Included within the sale are 2 vending machine contracts.
We believe that there is a potential to increase trade, should you wish to
extending the current opening times, building the outside catering & buffets
and by joining the online deliver portals such as Just Eat & Deliveroo. 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 plenty of
passing trade. This is a superb opportunity to purchase an established
business with plenty of potential which is a great base to build upon and as
such early viewing is highly recommended.
Opening Hours
Monday - Friday - 8: 00am - 2: 00pm
Saturday - 8: 00am - 1: 00pm
Sunday - closed
Leasehold
Lease term: 12 years
Remaining: 10 years
Rent: £3, 673. 68 pa
Business rates: Zero
Ground Floor
Takeaway comprising: Serve over chilled display counter, Coca - Cola drinks
fridge, crisp display stand, 2 x griddles (Stalwart), 4 pot wet bain - marie
(Lincat), stainless steel worktop, worktop with base units, cash register
(Sharp), 2 slice toaster, stainless steel wash basin, 3 x wall mounted paper
towel holders, specials blackboard, ceiling mounted menu boards and rear exit
door.
Covered yard area with 3 x upright fridges (Indesit) and chest freezer.
Side entry with worktop, base units and door leading to the frontage.
Staff W/C with wash basin, wall mounted soap dispenser, wall mounted paper
towel holder, electric water heater (Triton) and electric heater.
Prep room with 3 x single deep fat fryers, 2 x undercounter freezers and
worktop with base units. The walls and ceiling have been cladded with UPVC.
Kitchen comprising: 4 ring electric hob/oven, worktop with base units, worktop
with stainless steel sink drainer and tin opener, wall mounted soap dispenser,
wall mounted paper towel holder and 2 x wall mounted shelves.
External
Frontage with external seating for (12). Car park with parking for (4).

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