Well-Established Sandwich Bar for Sale in Coventry

Coventry, West Midlands
REF: INT1875

Asking Price:
£240,000
Annual Turnover:
£250,000
Annual Net Profit:
£112,500
Reduced
REF: INT1875
Photo of Well-Established Sandwich Bar for Sale in Coventry
Photo of Well-Established Sandwich Bar for Sale in Coventry
Photo of Well-Established Sandwich Bar for Sale in Coventry
Photo of Well-Established Sandwich Bar for Sale in Coventry

Overview

Tenure:
Leasehold
Established:
2014
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Recently Refurbished
  • Locally Sourced Products

We are delighted to welcome to the market this fantastic opportunity to acquire a family-run sandwich bar, which serves amazing takeaway food and has an ideal, busy location in Coventry.

The business was first established in 2014 and has experienced significant growth since its creation, whilst also building up a loyal, repeat client base, with many customers travelling a great distance to taste their famous slow roast pork and stuffing.

They offer customers an extensive and delicious menu, which includes breakfasts, sandwiches, carvery options, burgers, sweet treats, crisps, and drinks. Customers can opt to collect their order or to have their food delivered through Just Eat.

The sandwich bar is so popular with customers in the local area, that they have frequently sold over 70 kilograms of roast pork in one day. The company has amassed over 500 highly positive reviews across Just Eat, Facebook, Google, and RestaurantGuru, which is a testament to their renowned reputation.

The business is brilliantly located within close walking distance of the Ricoh Arena, providing a high volume of passing trade. Extending opening hours would enable the business to attract brilliant levels of trade from evening football, rugby, and event crowds.

With huge potential for growth, this thriving sandwich bar would be perfect for anyone with industry experience, who has the vision and drive to continue expanding the business. The new owner could easily enjoy unprecedented growth by making a few simple changes.

The business has a truly phenomenal location in Coventry, as they are based on a busy road within walking distance of the iconic Ricoh Arena. Due to this convenient spot, there is a high volume of passing footfall, which should ensure plenty of trade for the new owner.

The premises have only recently been remodeled in a £10,000 refurbishment project. Therefore, the property comes fully equipped, which means the new owner will be able to begin work immediately following the acquisition.

Since 2014, the sandwich bar has boasted a 5-star hygiene rating.

The current owners are happy to offer an initial transitional period, in order to ensure there is a smooth and efficient business handover.

This thriving business would work perfectly for anyone with experience in the industry.

There is huge potential for growth, as presently the company closes at 14:30 throughout the week, and at 12:30 on Saturdays. The new owner could extend opening hours, as this will enable the business to serve afternoon commuters and provide evening home deliveries. As the shop is so close to the Ricoh arena, they could also attract the evening football, rugby, and event crowds.

The owners could opt to expand into external catering, as the company already receives plenty of requests for this.

Presently, the business offers delivery through Just Eat, but there are endless possibilities to also work with companies, such as Uber Eats and Deliveroo.

So far, the business has mainly attracted custom through word-of-mouth recommendations. Currently, the company only has a Facebook page. Therefore, there is a massive opportunity to develop a website and create some additional social media pages.

Features

Key Information

  • Delivery Services: Just Eat

Online Presence

  • Facebook: Yes

Location

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  • Shopping Centre Location
  • High Street Location
  • Close to Local Businesses
  • High Footfall
  • Good Transport Links

Property

Annual Rent
£9,000
Annual Rates
TBC
Lease Term (Years)
15
Lease Expiry (Year)
2029
Accommodation Included
No
EPC Rating
TBC

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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