Business description

REDUCED! Est. franchise business located Essex town shopping mall, busy footfall location, turnover approximately £146,000 pa, gross profit approximately 70%. Competitive rent and rates, further room for development. VIEWING HIGHLY RECOMMENDED.

Property information

Property:

Leasehold

Location:

LOCATION

This business is located in Basildon, Essex. The business has been well established in the present location for approximately 5 years. the premises are centrally situated in a busy shopping mall next to major blue-chip High Street chains such as HMV, River Island, etc. The town is very easily accessed from all major routes. It is our opinion that this location offers an outstanding business opportunity.

BUSINESS PREMISES

The business premises consist of a open plan area within a busy shopping mall offering approximately 40 covers. The premises also has an extensive range of coffee making equipment and other cooking equipment and materials required to run this busy high quality business. Further information with regards to the premises and location will be provided to serious applicants.

BUSINESS

The business trades under a major coffee house franchise umbrella. It offers a turnover of approximately £3,000 pw with a gross profit of approximately 70%. We are informed that the franchisor management fee is 8% of gross turnover. The business makes a range of high quality coffee including Latte, Cappuccino, Americano, and many other coffee based drinks. In addition there are a range of light snacks available throughout the day. Further information regarding the business including financial information will be made available to serious applicants after a registration with Adams and Co.

STAFF

The business is currently run by two working owners with the assistance of one full time staff member.

HOURS

Monday - Saturday 9am - 5.30pm
Sunday 10am - 4pm

RENT and LEASE

We are informed that the current rent is £20,000 pa on a 10 year renewable lease. However any potential applicant should confirm with the landlord the terms and conditions of the lease.
Adams and Co can not be held responsible for any inaccuracy with regards to this information provided.

RATES

We are informed by the current vendor that the rates payable for year ending March 08 was £8,400. However any potential applicant should confirm with the local authority as to the current rateable value and charges.