The Opportunity

ETS Corporate are pleased to place on the market this very popular and well-known business. It has been established since 2014, and the Owner wishes to open another site, and is looking to sell this business to a sole trader. The weekly turnover on average is £3000 per week with tremendous potential to increase with more hands on management. The rent is £21,000 with over 4.5 years left on the current lease. The business is fully staff operated with 5 personnel and there is a good, well thought out menu. Gelato forms a large majority of sales in the summer and hot drinks and desserts in the winter. There is potential to launch savoury crepes that would boost the winter sales many fold.

 

Location

The premises are situated just opposite John Lewis store within the Parkway Shopping Centre in Newbury town centre. It is the only dessert parlour in this very busy centre which is very well established. It is prominently located on a busy main road.

 

Business Details

This business has been established since 2014, and the Owner wishes to open another site, and is looking to sell this operation to a sole trader.

 

The following products are offered:

 

  1. Gelato
  2. Waffles
  3. Crepes
  4. Desserts
  5. Hot Drinks
  6. Cold Drinks
  7. Shakes
  8. Slush
  9. Smoothies
  10. Cakes

 

 

They have 4.7 ratings on Facebook and a 5 Star Food Standards rating. The main strengths of the business are its exclusivity, the products, the branding and a loyal customer base. Over 80% of sales is repeat business. The tone has been set for the business with new products, new menu, and a full range of drinks. The opportunities now lie in maintaining quality, and good marketing and service.

 

The business is fully staff operated with 5 personnel.

 

Trading Hours

Monday       09.00 – 18.00

Tuesday09.00 – 18.00

Wednesday 09.00 – 18.00

Thursday 09.00 – 18.00

Friday.         09.00 – 18.00

Saturday 0900 – 18.00

Sunday 10.00 – 17.00

 

Financial Details

The present turnover of the business is £190,000 pa.

 

Property Details

The unit itself is double fronted, with a total area of 414 ft.

 

Tenure                                                       

The original lease was for 5 years, of which there are currently 4 years and 7 months left. The rent is £21,000 pa, and the present Owner has paid a deposit of 3 months rent.

 

 

Ref:13359

Price:£44,995

 

 

 

Disclaimer

These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.