Modern Bubble Tea Shop in Essex For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, Essex.

Turnover £ 3,000
Price £70,000

Features

Bubble Tea Shop

7 DAYS OPENING
5 STAR HYGIENE RATING

FRONTED PREMISES in the region of 625 ft² with vinyl floor, air conditioning, sales counter, EPOS till, 3 x LED Menu Boards, ice machine, under counter fridge, seal machine. Full monitored ADT alarm system / Fire panel

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 £3,000 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

7 days per week
Monday - Sunday 11am - 7pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10years in 2022 with reviews every 5 years (next review 2026) at a current rent of £32,000 p.a. + VAT

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

Business Rates from April 2025 £3,000 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote