Restaurant for sale

Leasehold Restaurant & Karaoke Venue Located In Coventry City Centre
8 Private Karaoke Rooms
Bar & Karaoke Room
Licensed Restaurant
Ref 3005

Asking Price £199,950 plus SAV (6,000)

Location
A fantastic opportunity to acquire this respected Restaurant & Karaoke Venue which is located in Coventry City centre.

Business Description
Veritas Business Sales offer to the market this delightful Restaurant & Karaoke Venue which is located in Coventry City Centre. The business has been established for 19 years and has been in the careful hands of our client for the past 11 years. They are now offering the restaurant for sale due to other business interests requiring their attention.
Since ownership there has been continual investment 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 business is overseen by the owner but operated mainly by a team of staff. The restaurant located on the ground floor generates 50% of the income with the remaining 50% deriving from the upper floor Karaoke venue and bar sales. More information on turnover on application.
The restaurant has built a strong reputation within the local community and beyond for serving high quality food and as such have a high level of regular and repeat trade. The karaoke venue operates on pre-bookings and is not reliant on walk in trade. This is a superb opportunity to purchase a restaurant in a prime location which would lend itself to a variety of cuisines. The upper floors would also lend itself to a variety of uses such as lap dancing and as such early viewing is highly recommended.

Leasehold
New 20 year lease to be granted
Rent: £60,000 pa
Rates: £3,000 pa

Ground Floor
Restaurant comprising: tables & chairs to cover (65), bar area with stainless steel wash basin, EPOS till, draught beer system with 3 x beer taps, Guinness tap, Coca-Cola postmix, ice cracker (Caterlite), 3 x two door undercounter drinks fridges (Prodis), wine fridge, glasswasher (Prodis), wall mounted paper towel dispenser, hot water boiler (Swan), cutlery/condiments area, plate warmer, 2 door undercounter fridge, 2 x air-conditioning/hot air units and stereo system with 8 x speakers.
Pantry with dumbwaiter lift, stainless steel sink drainer with base units, microwave, 6 x wall mounted shelves, wall mounted cupboard, wall mounted soap dispenser, rice warmer, ice maker (Whirlpool), undercounter fridge and worktop.
Disabled W/C with wash basin, wall mounted soap dispenser, wall mounted paper towel dispenser and baby change.
Ladies W/C with 3 x wash basins, 3 x wall mounted mirrors, wall mounted soap dispenser and wall mounted paper towel dispenser.
Gents W/C with 2 x urinals, 2 x wash basins, wall mounted soap dispenser, wall mounted paper towel dispenser and wall mounted paper towel dispenser.
Hallway with storage cupboard.
Separate entrance door from the frontage with stairs leading to the first floor.
First Floor
Party room & bar with 3 x wall mounted televisions, 4 x speakers, karaoke control monitor, karaoke system, 4 x wireless microphones, large corner sofa, large glass table, games machine, 5 x low round tables, 10 x arm chairs, 4 x high tables, 4 x high chairs, 4 x large foldable tables, 39 x stackable chairs, bar area with stainless steel sink drainer, wall mounted soap dispenser, dumbwaiter lift, glasswasher (Prodis), ice machine (Whirlpool), EPOS till system, kettle, 3 x undercounter fridges, 12 x beer towers, 18 x fruit snack platter sets, 100 dice cups with dices, CCTV 4 x cameras and wall mounted air-conditioning/heating unit.
Gents W/C with 2 x urinals, wash basin, wall mounted soap dispenser and wall mounted hand dryer.
Ladies with 2 x W/C's 2 x wash basins, wall mounted soap dispenser and wall mounted hand dryer.
Room 1 with 2 x televisions, 4 x speakers, karaoke control monitor, karaoke system unit (connected to server), 4 x wireless microphones, floor standing microphone, singing stage, 8 x ceiling downlights, dark grey benches against the walls, 10 x grey stools, 3 x low glass tables, wall mounted aircon/heating unit and CCTV camera.
Room 2 with television, 2 x speakers, karaoke control monitor, karaoke system unit (connected to Server), 2 x wireless microphones, 8 x ceiling downlights, pink/red benches against the walls,
8 x pink/red stools, 2 x hello kitty low glass tables, 3 x display unit on the wall with hello kitty deco items, 2 x chandelier lights for decorative, wall mounted aircon/heating unit and CCTV camera.
Hallway with server room.
Second Floor
Room 3 with 2 x televisions, 4 x speakers, karaoke control monitor, karaoke system unit (connected to server), 4 x wireless microphones, floor standing microphone, singing stage, 9 x ceiling downlights, red benches against the walls, 10 x red stools, 4 x low glass tables, wall mounted aircon/heating unit and CCTV camera.
Room 5 with television 2 x speakers karaoke control monitor, karaoke system unit (connected to server), 2 x wireless microphones, 4 x ceiling downlights, blue benches against the walls, 8 x blue stools, 2 x doraemon low glass tables, 3 x display unit on the wall with doreamon deco items, wall mounted aircon/heating unit and CCTV camera.
Room 6 with television, 2 x speakers, karaoke control monitor, karaoke system unit (stand alone unit cloud base), 4 x wireless microphones, 6 x ceiling downlights, grey benches against the walls, 7 x grey stools, 2 x low glass tables, toilet with wash basin with base cabinet, and wall mounted soap dispenser, wall mounted aircon/heating unit and CCTV camera.
Room 7 with television, 2 x speakers, karaoke control monitor, karaoke system unit (connected to server), 2 x wireless microphones, 4 x ceiling downlights, black benches against the walls,
4 x black stools, low glass V12 engine table, wall mounted aircon/heating unit and CCTV camera.
Room 8 with television, 2 x speakers, karaoke control monitor, karaoke system unit (stand alone unit, cloud base), 2 x wireless microphones, 5 x ceiling downlights, sliver benches against the walls, 2 x sliver stools, low glass table, wall mounted aircon/heating unit and CCTV.
Room 9 with television, 2 x speakers, karaoke control monitor, karaoke system unit (stand alone unit, cloud base), 2 x wireless microphones, 4 x ceiling downlights, gold benches against the walls, 3 x gold stools, low glass table, wall mounted aircon/heating unit and CCTV Camera.
Storeroom.
External smoking area with 2 x benches, 4 x wall mounted heaters, pendant light and CCTV camera.
Gents W/C with 2 x urinals, wash basin, wall mounted mirror, wall mounted soap dispenser and wall mounted hand dryer.
Ladies W/C with 2 x W/C's, 2 x wash basins, 2 x wall mounted mirrors, wall mounted soap dispenser and wall mounted hand dryer.
Basement
Commercial kitchen with dual stainless steel sink, wall mounted knife rack, worktop with can opener, stainless steel table, rice cooker, 3 x metal shelves, microwave (Whirlpool), kettle, stainless steel upright freezer (Polar), plate warmer, upright fridge (Polar), 6 burner range, extraction canopy, steamer, dual deep fat fryer, 4 burner cooker, stainless steel table with 3 door undercounter fridge, storage racking unit, walk-in cold room, wash basin, dumbwaiter lift, wall mounted soap dispenser, wall mounted dryer, stainless steel table, dual stainless steel sink with directional hose, microwave, small chest freezer and rice cooker.
Storeroom with 7 x commercial chest freezers, small chest freezer and 2 x stainless steel shelving units.
Beer cellar and wine store.
Small storeroom.

External
Bin area.