No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Skip to main content
£59,950
Added > 14 days

Takeaway for sale

Leasehold Sandwich Bar Located In Coventry
Save
Takeaway
0 bed
0 bath

Property description & features

  • Leasehold Sandwich Bar
  • Low Rent
  • Profitable
  • Ideal Starter Business

Leasehold Sandwich Bar Located In Coventry
5 Star Facebook Rating
Ref 2913

Location
This respected Sandwich Bar concern is located in Coventry. Situated within a prominent and highly visible trading position on the (B4109) Aldermans Green Road and on a corner where it meets Jackers Road. The surrounding area is densely populated with residential properties, other businesses and benefits from two schools nearby. Coventry city centre is within easy reach being just (3.8 miles).

Leasehold Asking Price: £59,950 plus SAV (£1,500)

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Sandwich Bar which is located in Coventry. The business has been established for over 22 years and has been in the careful hands of our client for the past 10 years. The business is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership they have made continual investment in new equipment, along with all 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. Maddy's is owner operated with the help of 2 part time members of staff. For year ending 31st March 2023 they posted a turnover of £219,291 with a GP of £88,292 (40%) which produces a healthy net profit. They serve a fine range of breakfast sandwiches, breakfast trays, cold sandwiches, batches, wraps, baguettes, panini's, salads boxes, jacket potatoes, burgers, home cured bacon, coffees, teas, and soft drinks. Included within the sale are 2 vending machine contracts.
We believe that there is a potential to increase trade, should you wish to extending the current opening times, building the outside catering & buffets and by joining the online deliver portals such as Just Eat & Deliveroo. The business enjoys a strong reputation within the local community and beyond, and as such, has a high level of regular and repeat trade along with plenty of passing trade. This is a superb opportunity to purchase an established business with plenty of potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - Friday - 8:00am - 2:00pm
Saturday - 8:00am - 1:00pm
Sunday - closed

Leasehold
Lease term: 12 years
Remaining: 10 years
Rent: £3,673.68 pa
Business rates: zero

Ground Floor
Takeaway comprising: serve over chilled display counter, Coca-Cola drinks fridge, crisp display stand, 2 x griddles (Stalwart), 4 pot wet bain-marie (Lincat), stainless steel worktop, worktop with base units, cash register (Sharp), 2 slice toaster, stainless steel wash basin, 3 x wall mounted paper towel holders, specials blackboard, ceiling mounted menu boards and rear exit door.
Covered yard area with 3 x upright fridges (Indesit) and chest freezer.
Side entry with worktop, base units and door leading to the frontage.
Staff W/C with wash basin, wall mounted soap dispenser, wall mounted paper towel holder, electric water heater (Triton) and electric heater.
Prep room with 3 x single deep fat fryers, 2 x undercounter freezers and worktop with base units. The walls and ceiling have been cladded with UPVC.
Kitchen comprising: 4 ring electric hob/oven, worktop with base units, worktop with stainless steel sink drainer and tin opener, wall mounted soap dispenser, wall mounted paper towel holder and 2 x wall mounted shelves.

External
Frontage with external seating for (12). Car park with parking for (4).

EPC Rating D

Places of interest

    Request viewing/info
    Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

    See more properties like this:

    *DISCLAIMER

    Property reference 2913. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on May 23, 2022

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.