Leasehold Convenience Store & Bakery Located In Earsldon

Coventry, CV5 6ND
£24,950
Business ID:
#2601
£24,950
  • Ref: 2601
  • Type: Retail
  • Availability: For Sale
  • Veritas Categories: Retail
  • Business ID: 2601
  • Commercial Tenure: Leasehold
  • Make Enquiry

Property Features

  • Leasehold
  • Convenience Store & Bakery
  • Newly Fitted
  • Prominent Main Road Location

Full Details

Leasehold Convenience Store & Bakery Located In Earsldon, Coventry
Ref 2601

Location
Veritas Business Sales offer an opportunity to acquire this Convenience Store & Bakery which is located in the sought after area of Earlsdon. Situated within a prominent and highly visible trading position on Albany road which leads you to Earlsdon street where you have a selection of the prime retail shopping with a number of niche independent retailers along with plenty of bars, restaurants and cafés, all of which bring high levels of footfall to the area. Coventry city centre can be reached within 1 mile away.

Asking Price £24,950 plus SAV (£5,000)

Business Description
Veritas Business Sales are delighted to offer for sale this Convenience Store & Bakery which is located in Earlsdon. The premises were transformed into what you see today by my clients back in September 2020 and they started trading in January 2021. Other business commitments are now taking up most of their time so reluctantly they are now offering the lease for sale.
Since ownership my client has refurbished, redecorated, updated the wiring 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. The Old Sparrow retails a selection of groceries, confectionery, dairy products, frozen foods, pastries, artisan vegan bread and cold drinks. What's on offer is the lease to include all fixtures & fittings. As the business is so new no accounting information will be provided.
We believe that there is great potential to enhance the business by increasing the product lines, offer freshly cut sandwiches and maybe applying for an off-licence. This is a superb opportunity to purchase a retail shop in a great location with plenty of potential and as such early viewing is highly recommended.

Opening Hours
Monday – Friday – 9:00am – 8:00pm
Saturday – 10:00am – 6:00pm
Sunday – closed

Leasehold
Term: 6 years
Remaining: 5 years
Rent: £11,040 pa
Business Rates: zero pa

Ground Floor
Retail comprising: sales counter with EPOS till system, sales & display shelves, central displays, 5 deck dairy chiller, 2 x bread display shelves, 2 door upright drinks fridge, chest freezer, metal storage racking, convection oven (Turbofan) and stainless steel worktop.
Kitchen/stores with stainless steel sink drainer, large dough mixer, worktop with base units and storage shelves. Hallway with stainless steel sink drainer, base units and rear door.
W/C with wash basin.

The property benefits from CCTV (7 camera system) and manual roller shutters to the frontage.
EPC Rating E
External
Rear yard with side gate.