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Huge opportunity to takeover an existing Bubble Tea shop situated within Cardiff University Student Union! (Over 30,000 students)
Background: This shop has been running since June 2017.
The shop is 1 year into a 7 year lease at just £10,000 per annum - an incredibly low rent, meaning an incredible profit opportunity for the new owner!
Reason for Sale:
Neil's success as an entrepreneur has exploded in the last year and as a result, he has not had any time to dedicate to the brand. He feels that he would like to continue to develop his own brand instead of developing the Cardiff shop. Even with absolutely no marketing or advertising having been done on the shop this last year, it has seen a turnover of £82,000 just from passing foot traffic. If the new owner were to implement a marketing campaign, the turnover would be dramatically increased.
Refurbishment & Set-up Costs in 2017: £92,700
- We also brought in hot and cold water, as well as water waste.
- All new electrics for the unit and lighting
- New Toilet attached to shop
Turnover of £82,000 in year ONE (with no marketing, advertising or joint ventures!) We forecast a 40% increase for year TWO (based on our other shop), and a further 20% annual increase thereafter.
A joint venture has just taken place in September 2018 directly marketed to 8,500 potential new customers, of which we expect to see a dramatic increase in new customers.
We have also now joined Deliveroo & UberEats and have seen monthly 'additional' sales of £1,000-£1,500 per month already in the first few months on the platform; and this is just the start.
This really is a very exciting opportunity for the right buyer!
Upon sale, you will receive everything in the shop, including the stock (circa £5,000 worth) & Limited company which holds the lease (so you won't need to transfer the lease which is extremely time consuming & hard work). This will be a straight, simple and clean sale of the company and all assets.
Upon purchase, you will have your very own bubble tea shop ready for trading within 2 weeks (we will need 2 weeks for the changeover of ownership).
This is simply for the sale of the Cardiff shop as a ready made bubble tea shop and the owner will include a £5,000 re-branding package for you if you so choose so you can create your own re-brand if you so desire. The package will also include painting any areas of the shop you would like in your new brand colours. We do not expect you to keep the Bubble Boba brand name although it is in option if you would prefer to do so.
'To be run as owner occupiers for maximum profitability, either as a couple or business partners. Although this business could be purchased and run itself with staff (as it is currently), we recommend that it is run by the owners in order to keep staff costs low and maximise profits.' The profits, if run in this way, would be quite exceptional.
This shop is fully systemised, with self service kiosks set-up and functional. This alone is a £25,000-£35,000 investment into the set-up and technology, which was developed by the owner over a 6 month period. You will also receive all contacts and supplier information.
The shop is franchise ready should you wish to open in other locations around the UK over the coming years.
The advantage of purchasing this investment is that as an owner and with minimal staff costs, you can make a very comfortable living whilst running a fun and cutting edge hospitality business. The owners (Neil & his wife) have found it very rewarding to own this business, but now feel that it's time to pass over to someone who has the drive and passion to take it forward to where it should be with queues out the door (like the Coventry shop has).
Bubble Tea shops are the future... and Cardiff has almost no competition in this space right now. As the new owner, you would dominate the prime location and prime customer base before anyone else.
Proof of funds will be required prior to engaging in any serious discussions with the owner (after the initial introduction and first few emails back and forth). If you are looking to borrow bank money for the purchase, this may not be the right investment for you as this store is only 1 year old and has no track record for bank funding yet. Hence, you will need to have funds already in place.
7 years (1 year expired)
£10,000 per annum
Prime location, actually inside the Student Union (over 30,000 students)
Located on the Ground floor of the Student Union
Can easily be franchised. It is franchise ready.
We do not feel there is any competition for the shop due to it's location and extremely strong brand and customer loyalty.
11am-7pm, 7 days a week (TERM)
12-5pm, 5 days a week (NON TERM)
Full training and support will be offered to the new owners
You are unlikely to receive bank finance on the purchase as the business is too new.
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