Leasehold Free of Tie Bar and Restaurant Located In Earlsdon

Licensed Bar & Restaurant Located In Earsldon, Coventry
Free of Tie
Ref 2431

Location
A rare opportunity to acquire a Bar & Restaurant which is located in the sought after area of Earlsdon. Situated within a prominent and highly visible trading position on the main thoroughfare, Earsldon Street. The immediate area is prime retail with a number of niche independent retailers along with plenty of restaurants and cafes which bring high levels of footfall to the area. Coventry city centre can be reached within 1 mile away.

Asking Price £49,950 plus SAV (£1,500)

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Bar & Restaurant which is located in Earlsdon. The premises has been a bar for a number of years and is only now available due to unforeseen personal reasons. Since ownership my client has continually 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 Bar is currently trading but will come with no accounting information or staffing liabilities. We believe that there is huge potential to increase revenue by extending upon the current opening times and by introducing a good food offering. This is a superb opportunity for an existing operators to expand through acquisition or would lend to a new operator looking to enter the market.

Licensing Hours
Sunday – Wednesday – 9.00am – midnight
Thursday – Saturday – 9.00am – 01.00am

Leasehold
Term: 15 years
Remaining: 10 years
Rent: £26,000 pa
Business Rates: £6,500 pa

Ground Floor
Bar & Restaurant comprising: tables & chairs to cover (58), 2 wall mounted TV’s, hot air blower above the entrance door, DJ booth (with full equipped system), bar servery with 2 x 2 tap beer pumps, cooling system, blender, stainless steel wash basin, ice machine (Simag), 3 x 2 door bottle fridges and glass display storage shelves. Kitchen comprising: stainless steel double sink, wash basin, griddle (Parry), dual deep fat fryer (Ace), stainless steel work table, microwave (Panasonic), 2 x dishwashers (Class EQ) and saladette with 3 door under counter fridge. Ladies W/C with wash basin, wall mounted hand dryer and hand soap dispenser.
Disabled W/C with wash basin, wall mounted hand dryer and hand soap dispenser.
Gents W/C with urinals, wash basin, wall mounted hand dryer and hand soap dispenser.

The property benefits from CCTV (8 camera system) and front electric roller shutters.

External
Rear vendors parking for (2) and a wooden storage unit.