Bubble Tea Shop in Hertfordshire For Sale

Situated in a parade, main road trading position, residential and commercial area, close to town centre, HERTFORDSHIRE.

Turnover £ 2,200
Price £60,000

Features

Modern Bubble Tea Store


SINGLE FRONTED PREMISES in the region of 600 ft², CCTV (3 cameras), Industruial non slip vinyl flooring, suspended ceiling with LED light panels.

Customer ordering area, 3 menu television screens.

Sales counter, touch screen till, pdq machine, sealing machine, soda stream, steamer, 3 ice blenders, 4 standard blenders, freezer with refridgerated topping section, stainless steel work surfaces, twin sink, etc.

Rear preparation area. Induction hob, stainless steel extractor, electric cooker, single sink and drainer, wash hand basin, stainless steel worksurfaces, etc

Store room to rear with racking.

Staff cloakroom with toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,200 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.

We are informed the wage bill averages £250p.w. approx.

Trading Hours

7 Day week
MONDAY - FRIDAY 1 pm - 6.30 pm
SATURDAY 11.30 am - 6.30 pm
SUNDAY 11.30 am - 5.30 pm

Outside

Parking at the rear for 1 vehicle.

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 2022 with reviews every 5 years (next review 2027) at a current rent of £15,200 p.a.

Business Rates from April 2024 £1,600 approx. (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, 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