Bubble Tea Shop in East London For Sale

Situated in a parade, main road trading position, commercial & residential area, EAST LONDON

Turnover £ 2,500
Price £28,000

Features

Modern Bubble Tea Shop


5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES, in the region of 300 ft², WITH ELECTRIC SHUTTERS, ALARMED, CCTV, Laminate flooring, plasterboard ceiling with LED lighting.

Customer waiting area.

Sales Counter, EPOS cash register.

Bubble tea preparation area; 2 counter top fridges, tripple undercounter fridge, undercounter double door freezer, 2 shaking machines, sealing machine, sugar dispensor, 2 commercial blenders, waffle making maching, rice cooker (25 ltr), 20 ltr water urn, various utensils, etc,

Staff cloakroom with toilet and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 p.w.

Staff

The business is at present operated by the 2 partners with 3 part time staff employed.

We are informed the wage bill averages £350 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 4 pm - 10 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £16,800 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £28,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 14,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote