Cafe and Bubble Tea Shop in Nottinghamshire For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, NOTTINGHAMSHIRE

Turnover £ 2,100
Price £47,500

Features

Prime Location Café & Bubble Tea Shop

5 STAR HYGIENE RATING
E CLASS
6 DAYS OPENING

Serving Gimbap (Korean rice roll) Bibimbap and Korean style gyros kebab, plus many more, potential for other types of cuisine, if desired.

DOUBLE FRONTED PREMISES in the region of 2,000 ft², vinyl floor, suspended ceiling with spot lights, sales counter, cool display counter with refrigerated storage section, EPOS till, 4 x LED Menu Boards, Tables and chairs providing seating for 30 People.

Kitchen, electric Oven, Vent less Extractor, cool salad counter with refrigerated storage section, 3 door under counter fridge, double freezer, ice machine, 3 table top hobs, Rice cooker, microwave, sink and drainer, Bubble Tea area with cup sealing machine, coffee machine, mixer, hot hold, sink, 4 thermos, 2 hour water earns, shakers, small ice machine.

Toilet with w.c. and wash hand basin.

First floor in the region of 1,250 ft² with potential for additional seating.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,100 p.w. with a Gross profit of 70% approx. (NO DELIVERIES)

Staff

The business is at present operated by the vendor with 1 full time & 1 part time staff.

Trading Hours

6 Day week
TUESDAY - THURSDAY 11am - 6pm
FRIDAY & SATURDAY 11am - 8pm
SUNDAY 11am - 4pm

Outside

Bin Shed

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a RENEWABLE lease (private landlord) granted for 5 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £42,000 p.a. + VAT

Business Rates from April 2024 £4,958 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £47,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 23,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote