K-Pop Store plus Bubble Tea Cafe in Nottinghamshire For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, NOTTINGHAMSHIRE

Price £149,500

Features

K-pop Store Plus Bubble Tea Café and Website

3,300 Instagram followers
1,000 TikTok followers
6 DAYS OPENING
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 2,000 ft², vinyl floor, suspended ceiling with spot lights, sales counter, cool display counter with refrigerated storage section, EPOS till, 4 x LED Menu Boards, Tables and chairs providing seating for 30 People.

Kitchen, electric Oven, Vent less Extractor, cool salad counter with refrigerated storage section, 3 door under counter fridge, double freezer, ice machine, 3 table top hobs, Rice cooker, microwave, sink and drainer, Bubble Tea area with cup sealing machine, coffee machine, mixer, hot hold, sink, 4 thermos, 2 hour water earns, shakers, small ice machine.

Toilet with w.c. and wash hand basin.

Stairs to First floor in the region of 1,250 ft² with a mixture of Vinyl floor, carpeted (heavy duty) floor & carpet tiled floor, suspended ceiling with spot and fluorescent lighting, modern adjustable shelving, display tables, 2 glass light up display cabinets. Island display units, Tables and chairs providing seating for 40 People during events.

Selling a large selection of KPOP albums, merchandise & clothing. K- Beauty make up and skincare product from well known Korean brands such as COSRX, BEAUTY OF JOSEON, INNISFREE, ROM&ND, PERIPERA, TONYMOLY, JUMISO, MARINECOS, NAMBUZIN.

Stock room.

Turnover

WE UNDERSTAND the business enjoys a good turnover, full details will be discussed upon inspection.

Staff

The business is at present operated by the Husband & Wife plus daughter team with the assistance of 1 partime staff, 15 promotion staff as required.

Our staff are knowledgable, KPOP fans and on hand to assist you with your purchases, both in-store and online.

Trading Hours

6 Day week
TUESDAY - THURSDAY 11am - 6pm
FRIDAY & SATURDAY 11am - 8pm
SUNDAY 11am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a RENEWABLE lease (private landlord) granted for 5 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £42,000 p.a. + VAT

Business Rates from April 2024 £4,958 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,500 plus STOCK AT VALUATION (£150,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote