Food Retail Kiosk In Reading's Busy Shopping Mall For Sale

Business description

Retail kiosk located in Broad Street Mall in Reading's town centre. Currently selling coffee, ice cream, waffles and sandwiches. Seating area includes 12 tables and 16 chairs. One storage area inside the kiosk and one within the shopping mall. Extendable 3-year lease. Fixtures include: Gaggia professional coffee machine, Ice cream cabinet, professional waffle iron, oven, chocolate fountain, 2 preparation tables, 2 fridges, 5 freezers, 1 ice maker, 1 display chiller, 2 show case displayes, 1 hot pie display, 1 cash register, 1 A-frame sign, A1 pictures.

STAFF UNAWARE!!!

Property information

Property:

Leasehold

Lease terms:

3 year lease expiring April 2010, extendable. £20,000 per year. Rates £2,957 per year.

Location:

Busy town centre shopping mall

Other information

Expansion potential:

The kiosk opened just a bit more than year ago and the sales are on the increase. Daily takings can increase further by adding a multi-deck fridge to display sandwiches and drinks, selling also fresh products such as salads, yogourts, etc.

The shopping mall is surrounded by local offices and deals can be negotiated with them to increase the sales.

Competition / Market:

No direct competition on ice cream and waffles in the area.

Support & training:

All necessary support will be given to a prospective buyer.

Reasons for selling:

Business is non-core activity

Trading hours:

Mon-Sat: 8am-6pm; Thu 8am-7pm; Sun 10am-5pm

Furniture / Fixtures value:

£20,000 (included in the asking price)

Inventory / Stock value:

£700 (included in the asking price)