Leasehold Sandwich Bar Located in Coventry. Low rent. Profitable and an ideal husband & wife business.
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.
