Bubble Tea Shop in East London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, EAST LONDON

Turnover £ 2,500
Price £60,000

Features

Bubble Tea Shop

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,125 ft² WITH ELECTRIC SHUTTERS, industrial non-slip floor, suspended ceiling with LED lights, Air conditioning with hot air, sales counter, 3 LED Menu Boards, EPOS till.

Open plan kitchen area, stainless steel extractor unit, Electric Cooker, drink sealing machine, instant hot water machine.

Stock room.
Office.
Staff room.
2 x Staff Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 p.w. with a Gross profit of 80% approx.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 11am - 6.30pm

Outside

Small Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £14,500 p.a.

Business Rates from April 2024 £1,315 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote