Pub/bar for sale in Earlsdon Street, Coventry CV5

Offers in region of £49,950 (£33.3/sq. ft)
Pub/bar for sale 1,500 sq. ft*
Interested in this property? Call +44 121 721 9902 * or Request Details

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Property features

  • Leasehold
  • Ideal starter business
  • Prime location
  • Free of tie bar & restaurant
  • Fully fitted
  • Licensed
  • Further potential

Property description

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 cafés 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.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Veritas Business Sales Ltd, B90 on +44 121 721 9902 * (local rate)

Contact Veritas Business Sales Ltd about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Veritas Business Sales Ltd, and do not constitute property particulars. Please contact Veritas Business Sales Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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