Bubble Tea plus Cafe in Lancashire For Sale

Shopping centre locality, excellent main road trading position, residential, office and commercial area, LANCASHIRE

Turnover £ 1,000
Price £55,000

Features

Well Fitted Bubble Tea Plus Café

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 2,775 ft² WITH ELECTRIC SHUTTERS, tiled floor, ceiling with spot and LED lighting, sales counter, EPOS till, fridges, ice cream freezer. Tables and chairs providing seating for 25 People (can be expanded), CCTV system (1 camera).

Kitchen with stainless steel extractor unit, deep fryer (2 pan), 8 under counter fridges, under counter freezer, preparation tables.

Toilet with w.c. and wash hand basin.

2 Additional floors in the region of 1,475 ft² used for storage but offering tremendous potential to develop.

Basement not currently utilised.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,000 p.w. with a Gross profit of 70% approx.

Staff

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

Trading Hours

7 Day week
MONDAY - SUNDAY 11:30am - 7.30pm

Outside

Rear yard

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 2023 with reviews every 5 years (next review 2028) at a current rent of £15,000 p.a. + VAT

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Business Rates from April 2024 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote