Bubble Tea Shop in West London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, WEST LONDON

Turnover £ 1,700
Price £60,000

Features

Bubble Tea

5 STAR HYGIENE RATING.

SINGLE FRONTED PREMISES in the region of 485 ft² with wood strip floor, hanging light, sales counter, cash register, ice machine, filling machine, water boiler, Bean to cup Coffee Machine, fructose Machine, 2 cookers, 2 fridges, freezer, display chiller, waffle machine, air fryer, CCTV system (4 cameras).

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

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,700 p.w. with a Gross profit of 70% approx.

Staff

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

Trading Hours

7 Day week
MONDAY - FRIDAY 1pm - 7.30pm
SATURDAY & SUNDAY 12 noon - 8pm

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 2022 with reviews every 5 years (next review 2027) at a current rent of £25,200 p.a. inclusive of all bills

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

NIL Business Rates after full relief (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 VENDORS OTHER BUSINESS INTERESTS.

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

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, 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