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
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Bar and nightclub

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Bar and nightclub
0 bed
0 bath

Property description & features

  • Leasehold Bar & Fast Food Kitchen
  • Bar Turnover £8,000 £10,000 Per Week
  • Kitchen Can Be Owner Operated Or Sub Let
  • New Lease To Be Granted
  • Close to Coventry University
  • Would Suit Many Cuisines
  • Internal Seating (80)
  • External Seating (140)

Leasehold Bar & Fast Food Kitchen Located In Coventry City Centre
Ref 2944

Location
A fantastic opportunity to acquire this respected Bar & Fast Food Kitchen which is located in Coventry City centre. Situated within a prominent and highly visible trading position on Gosford Street. The immediate area is very student based being opposite Coventry University and benefits from an abundance of retail shops, bars and restaurants. All of which brings high level of footfall to the area.

Asking Price: £125,000 plus SAV (£5,000)

Business Description
Veritas Business Sales are delighted to offer for sale this established Bar & Fast Food Kitchen which is located in Coventry City centre. The business has been established since 2010 and they are now offering the business for sale due to increasing family commitments.
Since ownership they have refurbished, redecorated and 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 Quids Inn is owner operated with both partners working full time along with an additional 3 full time and 2 part time members of staff and has an average weekly turnover of £8,000 - £10,000 on just wet sales. The kitchen provides additional income which can be owner operated but for the past few years it has been sub-let. The bars customer base is student led and the kitchen is currently set up to serve fast food & pizzas but the cuisine can easily be changed.
We believe that new owners can increase revenue by taking the kitchen back in house. The business already enjoyed 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 a ready made turnkey business which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - Sunday - 20:00 - 04:00

Leasehold
New lease to be granted
Term: negotiable
Rent: £30,000 pa
Business rates: TBC

Ground Floor
Door with stairs leading to the first floor bar. The stairs has a cupboard which houses the electric metre.
Bar comprising: pool table, 3 x wall mounted TV's, tables and chairs to cover (80), duke box, 16 x wall mounted illuminated advertisement boards, bar servery with draught beer taps, old fashioned cocktail shaker, wall mounted shelving, undercounter 2 door fridge, undercounter 3 door fridge, stainless steel wash basin, 2 x EPOS tills, upright beer fridge, glass washer and 2 x 2 door beer fridges.
Cellar which has recently had a with a brand new cooling system installed, soft drink mixers and an ice machine (polar).
Spirits store with shelving, staff area to include 4 x lockers, office area with CCTV monitor (16 camera system).
Toilets comprising 3 x unisex W/C's and a hallway with 3 x wash basins, wall mounted soap dispensers, wall mounted hand dryer and 3 x wall mounted mirrors.
Kitchen comprising: dough mixer, dual deep fat fryer, griddle, Pizza oven, extraction canopy, 3 x stainless steel tables, microwave, hot water urn (Swan), saladette with 3 door undercounter fridges, wash basin, stainless steel sink with directional hose, upright freezer (Prodis), upright fridge (Polar), 2 x wall mounted soap dispensers, chopping boards, 3 x soup kettles, sandwich toaster (Breville) and rear exit door leading the yard.
Both the bar and kitchen areas have separate electric roller shutter so that they can be operated at different opening times. The property has an ADT intruder alarm.

External
First floor with covered seating area with tables & chairs to cover (60), 5 x electric heaters, pool table and stairs leading down to the ground floor area. (This area has planning permission passed to convert into a permanent structure.
Ground floor area with covered area which has tables & chairs to cover (80), pool table, TV and 5 x electric heaters.

The external areas has the benefit of the music system.

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.

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    *DISCLAIMER

    Property reference 2950. 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

    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.