Bubble Tea Shop in Northamptonshire For Sale

Shopping centre locality, prominent trading position, residential, office and commercial area, NORTHAMPTONSHIRE

Turnover £ 4,000
Price £85,000

Features

Bubble Tea Shop

6 DAYS OPENING
5 STAR HYGIENE RATING

FRONTED PREMISES WITH ELECTRIC SHUTTERS, vinyl floor, suspended ceiling with spot lights, sales counter, EPOS till, 3 x LED Menu Boards, ice machine, under counter fridge, seal machine.

Rear Kitchen, hob, shelving, water boiler, double sink.

Staff Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 72% approx.

Staff

The business is at present operated by the Manager with 1 full time and 4 part time staff.

Trading Hours

6 Day week
TUESDAY - SATURDAY 11.30am - 5.30pm
SUNDAY - 11am - 4.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 14 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £18,000 p.a. + VAT In addition we understand there is a Service charge of £3,325 p.a. approx. + VAT

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

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote