Recently Opened Hampshire Milkshake Bar For Sale

Business description

We understand the premises have Full A3 use and in our opinion in view of the busy trading position, there is potential for other types of catering, if desired.

We understand that there is a new development being undertaken within approximately 300 yards of the business. We understand from the present owner that this is going to include a Morrisons Supermarket, 8 restaurants, cinema plus a Travel Lodge.

DOUBLE FRONTED SPACIOUS PREMISES with quality tiled floor. 3 tables plus 9 chairs. In addition there is a window breakfast bar with 2 high stools. The equipment includes counter, electronic cash register, 2 cold display cabinets, automatic coffee machine, 1 upright fridge, 1 under-counter stainless steel fridge, 6 blenders, hotwater boiler.

REAR KITCHEN with chest deep freeze.

Disabled cloakroom with w.c. and wash hand basin
Stockroom

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 14½ years unexpired at a rental of £11,500 p.a. exclusive of rates for the next 4½ years, with rent review at that time and thereafter every 5 years. (We understand contained within the lease that there is a Break Clause on the tenants side only exercisable at the anniversary of the first 3 years, however, the landlord does require 6 months notice prior to that time should the tenant wish to exercise the Break Clause).

Uniform Business Rates: £2,000 p.a. approx. (after small business relief)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REALISTICALLY PRICED FOR EARLY SALE

Location:

Situated in a parade, busy trading position, HAMPSHIRE

Business Operation

Expansion potential:

WE UNDERSTAND the business opened in early September, 2011 and the turnover we are further advised is currently in the region of £500/£600 p.w. in our opinion offering tremendous potential for further development in the right hands. Gross profit 70% approx.

Reasons for selling:

ALL OFFERS CONSIDERED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS plus STOCK AT VALUATION

Trading hours:

Monday - Friday inclusive - 11 a.m. - 7 p.m.
Saturday opening - 11 a.m. - 6 p.m.
Sunday opening - 12 noon - 4 p.m.
(We understand the premises can be open Monday - Saturday inclusive until 11 p.m. and on Sunday evening 10 p.m. if desired).

Employees:

The business is at present operated by the vendor with the assistance of 1 part time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance