Profitable Sandwich Bar in Coventry

Coventry, West Midlands
REF: 01935

Asking Price:
£99,000
Annual Turnover:
£141,569
Annual Net Profit:
£17,121
Reduced
Recently Sold
REF: 01935
Photo of Profitable Sandwich Bar in Coventry
Photo of Profitable Sandwich Bar in Coventry
Photo of Profitable Sandwich Bar in Coventry
Photo of Profitable Sandwich Bar in Coventry

Overview

Tenure:
Leasehold
Established:
1985
  • Great Location
  • Renovated to High Standard
  • High Adjusted net Profit
  • Living Accommodation Included

This is a superb opportunity to acquire one of Coventry’s most popular sandwich bars.

The business has a great reputation in the local community and is widely regarded as the best sandwich bar in the town.

The sandwich bar has been renovated to an exceptionally high standard and also includes living accommodation for a potential buyer.

The business can boast a loyal customer base, who provide them with regular and repeat custom, and impressive financial figures.

The business is set within a parade of various other businesses. The business has a small outside seating area which is in front of a large glass frontage and the only customer entrance.

The business has been renovated to an extremely high standard and as clients enter the sandwich bar there is a small waiting area for them to place their order. There is a large refrigerated unit which is used to showcase the businesses stock and acts as a counter to manage customer transactions.

Towards the back of the shop and out of view to customers, there are two rooms which are used to stock and prepare the customers food.

There is also a 3 bedroom property included within the sale which has also been renovated to a high standard. This is currently rented out on a short hold tenancy agreement and generates an annual rental income of £7,800, however this could be used as living accommodation by a potential buyer.

There is also a large amount of street parking nearby.

Intelligent Business Transfer are delighted to bring to the market this superb opportunity to purchase a popular sandwich bar in Kersley, Coventry.

The sandwich bar has been established since 2008 and has experienced financial growth on an annual basis since then.

The business has built a loyal customer base who provide the business with custom on a daily basis, which has resulted in impressive financial figures. The sale also includes high quality living accommodation for a potential buyer.

The turnover of the business for last year was £141,569, with an impressive adjusted net profit figure.

Despite these financial figures, a potential buyer could improve these significantly if they were to extend the opening hours of the business. This has been voiced to the current vendors on a number of occasions by their loyal customers. A potential buyer could also choose to offer a delivery service to increase the sales revenue.

It is with a heavy heart that the current owner is selling the business in order to take a well-deserved retirement. This business would be perfect for an entrepreneur with the drive and energy to manage this busy sandwich bar and help it reach its full potential.

Location

Property

Annual Rent
£16
Annual Rates
TBC
Lease Term (Years)
25
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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