Leasehold Café Located In Coventry Indoor Market

Leasehold Café Located In Coventry Indoor Market
Ref 2857

Location
This respected Cafe is located within Coventry Market. The market dates back to 1958 and is a major part of the city’s heritage. The market stalls offer a diverse range of goods to include fruit, vegetables, meat, fish, artisan items, second hand goods and The Market Café is the only café within the building.

Leasehold Asking Price: £54,950 plus SAV (£500)

Business Description
Veritas Business Sales are privileged to offer to the market delightful Café which is located in Coventry Indoor Market. The business has been established since 1958 and has been in the careful hands of our client for the past 27 years. They are now offering the business for sale so that they can enjoy a well deserved retirement.
Since ownership they have kept the premises in good order and there has been continual investment 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. Market Café is owner operated by a husband & wife team along with 1 part time member and has an average weekly turnover of circa £1,800. They serve cooked breakfasts, breakfast batches, sandwiches, baguettes, hot pork & stuffing, hot chicken & stuffing sandwiches, roast dinners, chips, cold sandwiches, pastries, pies, jacket potatoes, salads and hot & cold drinks. All fayre is walk in trade as the café is very much a meeting point. Bills are approximately £50 per month for electricity and £60 per month for gas.
We believe that there is potential to increase trade by joining the online delivery portals such as Just Eat and Deliveroo. 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. This is a superb opportunity to purchase an established café which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday – Wednesday – 7:00am – 4:00pm
Thursday – 7:00am – 3:00pm
Friday & Saturday – 7:00am – 4:00pm
Sunday – closed

Leasehold
Lifetime Lease
Term: 3 month rolling
Rent: £320 plus vat per week
Service charge: £33.55 plus vat per week
Rates: zero

Ground Floor
Cafe comprising: 16 tables with seating for (64), menu boards, cake display chiller, serve over sales counter with cash till, toaster, stainless steel worktop with cupboards below, 3 x microwaves, stainless steel upright fridge (Foster), stainless steel upright freezer (Foster), stainless steel undercounter fridge (Foster), chest freezer, insect zapper, gas dual deep fat fryer (Elite), gas grill, 6 burner range, extraction canopy, wall mounted metal shelf, pots, pans, utensils, cups, mugs, glasses, plates, hot water boiler, pie warmer/toaster, stainless steel tables, stainless steel bain-marie, drinks chiller, wash-up area with dishwasher, stainless steel dual sink with wash basin, directional hose, cloak area and boiler.

The market traders have access to shared toilet facilities