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Established Bubble Tea Shop in Ilford For Sale

Ilford, London, UK
Asking Price:
£200,000 Inventory / Stock included
Turnover:
£100K - £200K
Net Profit:
Under £50K

A bubble tea shop has been operational for nearly 2 years, equipped with premises, fixtures, and fittings, including a proprietary top-class menu.

The brand name, company name, and bank account are available for transfer.

Full business training, encompassing supply chain management, drinks creation, expansion, and franchising, will be provided.

The current owners are involved in other ventures that demand increased attention, prompting the sale.

Property Information

Property:

Leasehold

Lease Terms:

3 years, easy renew.

Leasehold Rent:

£108,000 per annum

Location:

Ilford, Essex.

Premises Details:

600 square feet shop located on side turning off the very popular Ilford Lane.

Size in square feet:
600
Planning Consent:

A3 to be used as a cafe.

Business Operation

Expansion Potential:

Potential to expand to new location and also handout franchise inquiries for which current owners have not been able to deal it.

Competition / Market:

2 other tea shops within half a mile radius

Reasons for selling:

Current owners too busy with other business activity to give it due attention to run and expand.

Trading hours:

2pm to 11pm Mondat to Friday, 12pm to 11pm Saturday and Sunday.

Employees:
4
Years established:
2

Other Information

Support & training:

Full support and training, plus supply chain connections.

Furniture / Fixtures value:
£30,000
Inventory / Stock value:
£10,000 - included in the asking price