Leasehold Bubble Tea Room for sale in Coventry city centre with potential for growth

Description

Bubble Tea Room – Coventry City CentreLocationThis respected Bubble Tea Room is located in Coventry city centre, occupying a prominent and highly visible trading position on Smithford Way, directly opposite the busy West Orchard Shopping Centre. The surrounding area benefits from a wide range of retail shops, bars and restaurants, generating consistently high levels of footfall.Business DescriptionEstablished in 2018, the business is now being offered for sale due to the owners focusing on other business commitments.Since inception, the premises have been fully refurbished, redecorated and equipped with new fixtures and fittings, all of which are owned outright and included within the sale price. This provides a turnkey opportunity with minimal immediate capital expenditure required.The business is owner-supervised and operated by four part-time staff members, generating an average weekly turnover of £2,500.The menu includes:* Cream foam cap teas* Cheese foam cap teas* Fruit teas* Latte milk tea with bubble* Japanese matcha* Classic bubble milk tea* Smoothies* Juices* DessertsThere is potential to increase revenue through more hands-on owner management and the introduction of alcohol sales. The business enjoys a strong local reputation with a high level of repeat custom.Opening TimesMonday – Sunday: 12:00 – 20:00TenureLeaseholdTerm: 15 yearsRemaining: 8 yearsRent: £29,250 per annumRent review: Every 5 years (tenant-only break clause option)Business rates: £3,250 per annumGround FloorRestaurant area with seating for 18 covers, serve-over sales counter, stainless steel worktop with two-door chiller, EPOS till system with cash drawer, two serve-over display fridges, stainless steel table, hot water/steam heating, upright fridge, commercial blender, syrup machine, stainless steel double sink with ice storage and shelving, two digital menu display monitors, window digital menu display board and refuse bin.Kitchen area with two Buffalo induction hobs, four wall-mounted metal shelves, Nisbits hot water boiler, snow/ice maker, food mixer, two stainless steel tables, stainless steel sink with directional hose, storage shelving, Indesit undercounter freezer, ice machine, two-door Polar stainless steel fridge and CCTV monitor (four-camera system).Disabled W/C with wash basin.Customer W/C with wash basin, wall-mounted mirror and hand dryer.The premises benefit from a ceiling-mounted air-conditioning unit providing both cooling and heating.ExternalFront seating area with tables and chairs for 8 covers.Shared rear yard with bin storage area.