Superb Coffee Shop In Nuneaton For Sale

Business description

SUPERB COFFEE SHOP - WARWICKSHIRE
Situated in the bustling town of Nuneaton
Early viewing is highly recommended
Advised weekly turnover of £5,000
Scope for further development
High amount of passing trade
Regular and repeat custom
Genuine reason for sale
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer for sale this superb coffee shop / café which was established by our clients around 6 years ago.

Our clients are reluctantly offering the business to the market due to their desire to concentrate on other business interests.

Since the business was established they have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability.

Our clients inform us that annual turnover currently runs at £260,000 with a gross profit margin of 65-70% which is derived from the sale of freshly made hot & cold sandwiches, baguettes, omelettes, jacket potatoes, cakes and quality teas and coffees.

The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade.

This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 2 years
Remaining: 1 year & 10 months
Rent: £18,900pa

Location:

This well appointed coffee shop/sandwich bar is situated in a prominent trading position in the Heart of England Co-op centre which is located in the town centre of Nuneaton. Its position is surrounded by blue chip retailers and is in a highly populated residential area and has a wealth of industry nearby. It has a great central location and is 3 miles from Bedworth, 4 miles from Hinckley and 6 miles from Coventry city centre. It's accessed by the A444 and is in close proximity to the M6, M69, M1 and M42 motorways making this a perfect and easily accessible location.

Premises details:

Open entrance situated between a ladies clothing store and the food hall within the Co-op

Dining area for 44 covers

Sales counter with cash register

Chilled serve over cake display

Behind counter filter coffee machine, soup pot, 2x toasters, milk shake machine, 2x coffee machines (espresso), hot water boiler, 2x fridges and 2x freezers.

Preparation room with wash basin, sink drainer, dish washer, fitted units, work surfaces, fridge, freezer, jacket potato oven, storage shelves, 2x sandwich toasters and an omelette machine.

Staff toilet shared with the Co-op