GUIDE PRICE £380,000 | TURNOVER C £1M | EBITDA C £120K | 3,500 SQ FT | 140 COVERS | C 10-YEAR LEASE
Rare opportunity to acquire a substantial, established Creams Café in a prime position within The Quay at Lakeside Shopping Centre, Essex. The business combines significant turnover, a large 140-cover operation, a dedicated party/function room, full furnish cloud kitchen and an experienced team already in place.
KEY HIGHLIGHTS
- Annual turnover: approximately £1 million
- Weekly sales: approximately £19,000
- Substantial 3,500 sq ft premises
- 140 covers (internal, party room and external )
- 750,000 customers served since opening
- Dedicated 20-person party/function room
- Prime and prominent position within The Quay (opposite Vue Cinema)
- Established national dessert brand – Creams
- Experienced, well-trained team already in place
- Running successfully since 2019 in Lakeside Shopping Centre
- 5-star Hygiene rating
- Strong, established trading history
- Approximately 10 years remaining on the lease
FINANCIAL & PROPERTY INFORMATION
Guide price £380,000
Turnover Approx. £1,000,000 p.a.
EBITDA Approx. £120,000
Rent £100,000 p.a.
Service charge £37,000 p.a.
Business rates £34,000 p.a.
Premises Approx. 3,500 sq ft
Seating 140 covers
Lease Approx. 10 years remaining
THE OPPORTUNITY
The combination of scale, location, turnover and brand recognition makes this a particularly unusual opportunity. The substantial seating capacity and dedicated party room provide an established platform for families, groups, celebrations and casual dining.
The business is already trading with an experienced team in place, allowing a purchaser to acquire an established operation rather than build a new business from scratch. There is scope to develop sales further through parties and events, delivery, marketing, extended trading and other revenue opportunities, subject to landlord and franchise approvals.
REASON FOR SALE
The owner, aged 60, is planning retirement and permanent relocation to the Netherlands after successfully building and operating the business.
ENQUIRIES & VIEWING
Further financial information will be made available to genuinely interested purchasers following an initial confidential enquiry and appropriate qualification. Viewing strictly by appointment.
