Independent Coffee Shop & Café Located In Coventry For Sale
A3 Consent (Licenced)
Leasehold Asking Price £74,950 plus SAV (£1,000)
This delightful Coffee Shop & Café is located in the Mount Nod area of Coventry. The premises are situated within a prominent and highly visible trading position and part of a small parade of shops to include One stop convenience store, Indian takeaway, hairdressers and barbers shop. Within close proximity you have the A45 which gives easy access to the M42 and M6 motorway. Coventry city centre approximately 2 miles away and has been named the UK’s city of culture for 2021, giving it a one-off opportunity to boost the economy, tourism and civic pride.
Original term: 12 years
Remaining : 10 years 9 months
Rent: £12,000 pa
Business Rates: zero
Veritas Business Sales are delighted to offer for sale this respected Coffee Shop & Café which is located in Coventry. The business was established by our clients 14 months ago is reluctantly being offered for sale due to unforeseen personal circumstances. Since ownership they have undertaken considerable refurbishment and invested in new equipment along with 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. Serene Lounge is owner operated and employs the help of 3 part time members of staff and has an average monthly turnover of circa £9,000. They serve a fine range of hand crafted coffee, speciality teas, frappes, thick shakes, smoothies, craft beers, wines, soft drinks, afternoon tea with prosecco, breakfast menu, sandwiches, toasties, panini’s, lunch specials, soup, jacket potatoes, cakes and ice creams. All fayre can be enjoyed in a relaxed cosy atmosphere or taken away. The business has the benefit of a premises licence to serve alcohol which enables them to do theme nights for additional revenue which have proved to be popular. We believe that the business would benefit from a husband & wife combination or more hands on owner operator. The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with new passing trade. This is a superb opportunity to purchase a business with further potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Monday – Friday – 8.00am – 5.30pm
Saturday – 8.30am – 5.00pm
Sunday – 9.30am – 4.00pm
Café comprising: serve over sales counter with EPOS till system, serve over chilled display counter, ice cream fridge (Tefcold), drinks fridge, commercial microwave (Sharp), 2 x double panini press (Buffalo), toaster, condiment unit, jacket potato oven, 2 x commercial blenders, ice machine, stainless steel sink, hand wash basin, 3 x metal wall mounted shelves, under counter fridge (Gamko), under counter fridge (naiko), storage base unit, hot water boiler (Iberital), dual head espresso coffee machine (La Spaziale), fitted work top, bin, bookcase, 5 baby high chairs, and tables & chairs to cover (55).
W/C & disabled toilet with hand wash basin and baby changing facilities.
Staff W/C with hand wash basin.
Store room with dishwasher (DIHR), upright freezer (Fridgemaster), stainless steel upright fridge (Foster), and 3 x 6 shelf metal storage racks.
Frontage with table & chairs to seat (8) and portable disabled ramp.
Rear yard with parking for (1) and shared rear service road.
Side & front customer car park.
The property benefits from CCTV (6 camera system), music system, wi-fi, and 2 electric wall mounted blow heaters. All equipment is owned and included within the purchase price apart from the coffee machine which is on lease.