Coventry-Based Japanese Restaurant and Hotel Business for Sale, Huge Potential with Training Provided
Coventry, West Midlands
- Status
FOR SALE
- Date Submitted:
01/02/24
- Advert ID
606125
- Leasehold: £40,000
- Rent: £60,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Offers Invited
- With Car Park
Business Details
Japanese Restaurant and a Hotel Business
Business operates as a hotel and restaurant. Restaurant especialise in Japanese cuisine from sushi to hot food. Big potential for additional restaurant business idea. Training will be provided, lease transfer cost to be handled by buyer.
Address: Churchill Hotel, Walsgrave Road, COVENTRY, West Midlands
Passing Rent: £60,000 per annum/ £5,000 per month
Size: 4343 sqft 403 sqm
Primary Category: Leisure
TO LET
EDGE OF CITY CENTRE HOTEL & RESTAURANT
The property is located approximately 1.5 miles to the east of Coventry City Centre on the A4600 Walsgrave Road. Close by are an array of retail outlets offering a range of both local independent and larger national occupiers such as Boots, Tesco Express and Subway.
Walsgrave Road acts as one of the main arterial routes from the City Centre and the immediate vicinity is known as the Ball Hill Shopping Area. The building is within a short walking distance of Coventry University’s main campus.
Situated in Coventry, 800 metres from FarGo Village, Churchill Hotel features accommodation with a restaurant, private parking and a bar. The property is located 6.3 km from Ricoh Arena, 18 km from Warwick Castle and 18 km from NEC Birmingham. The accommodation is a 14 bed hotel, each room en-suite. National Motorcycle Museum is 24 km from the hotel, while Walton Hall is 29 km from the property. The nearest airport is Birmingham Airport, 20 km from the hotel.
Offers are accepted on a full repair and insuring lease on this Japanese restaurant business, property improvements and equipments of current tenant. 10-year Lease expiring on September 2032.
Lease transfer will be administered by the Landlord’s agent managing the property.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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