Bubble Tea and Dessert Parlour in West Midlands For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, West Midlands.

Turnover £ 5,000
Price £150,000

Features

Franchise Bubble Tea & Desserts

FORECOURT WITH SEATING

DOUBLE FRONTED PREMISES in the region of 685 ft² with laminated strip floor, ceiling with spot lights, sales counter, EPOS till, 2 LED Menu Boards, 2 Self Server Kiosks, Bubble Tea Machine, blender, tea Earn. Tables and chairs providing seating for 4 People, CCTV system (4 cameras, 1 monitor).

Toilet with w.c. and wash hand basin.

Kitchen, vinyl floor, fridges..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 80% approx.

Staff

The business is at present operated by the Manager with the assistance of 8 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 8pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £80,000 + VAT p.a. In addition we understand there is a Service charge of £1,667 + VAT p.a. approx.

Business Rates from April 2024 £6,185 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

PLEASE NOTE THE PURCHASE OF THIS BUSINESS IS SUBJECT TO ENTERING INTO A FRANCHISE AGREEMENT, FULL DETAILS AVAILABLE UPON REQUEST.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote