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Listing ID: 2626544

Price Reduced From £150,000 To Only £65,000 - Prime Location | Established Dessert Parlour | Cafe | Coffee Shop | Restaurant | Takeaway | Outside Busy Train Station For Sale

Romford, Essex, England

£ 65,000

(Furniture / Fixtures included)

Revenue: £ 100k to 250k

Cash Flow: not disclosed

Business Description

Price Reduced from £150 000 to only £65 000. Owner Urgently Needs To Relocate (Non Negotiable).

Established Ice Cream and Dessert Parlour serving up a wide variety of authentic Italian gelato (ice cream) flavours, milkshakes, sundaes, freshly made golden Waffles and Crepes, coffee and cakes. The gelato ice cream is made in store and all orders are made freshly. This is a fantastic opportunity to take a young yet already successfully run and profitable catering business to its deserved next level.

This ice cream parlour was founded by the current owners in 2014. Started trading in February 2015. The premises is fitted out in a stylish and modern decor which is a favourite amongst the customers. There is a seating capacity of 50+ at a time and does takeaway on all of the products from the Menu.

Over the past year, the Business has sprouted into a major piece of the local entertainment scene, widely recognised by locals and visitors as a “must go” destination.

- Cost of Goods – 29%, Gross Margin – 71%
- Yearly Rent: £35000 (sub leased/up to 2024)
- Yearly Rate: £12036 (payable in 12 months)
- Assets £170000 (owners fit out cost)

Asking Price: £65 000 + stock at cost (Non Negotiable)
Reason For Sale: Owner urgently relocating to another country to live with family.

The Business started doing delivery (October'17) on JustEat, HungryHouse and Deliveroo doing combined £1800 avg per week on delivery sale alone. The business will be sold on a cash free debt free basis. Serious buyers will need to provide proof of fund to agent facilitating the sale of business. Background and financial checks may be required by landlord. Viewing can be arranged on short notice and all details can be shared with the right candidate.

First come first served basis, this is an unmissable opportunity to catch the Dessert and Ice Cream parlour trend in the UK. Kindly contact us or you can visit www.creamerytwist.co.uk for more details.

Property Details

Size:

Sales Floor: 1000 sqft sales area (with capacity of 50 covers) First Floor: 1000 sqft ice cream production and storage area.

Years Established:

2015

Inventory Value:

£ 6,000

Other Details

Business Location:

The business is located on the busiest street in Romford going up to the high street. The shop is located right beside the Romford Train and Bus Station and surrounding it has Co Op, McDonalds, Fiction Nightclub and a prime hot spot for Night Life and Student Life in Romford.

Premise Details:

Sales/Ground Floor: 1000 sqft sales area (with capacity of 50 covers) First Floor: 1000 sqft ice cream production and storage area.

Expansion Potential:

*Expanding in to Gelato Ice Cream wholesale. Huge demand in London, UK. *Introducing savorys, sandwich and bakery items. *Opening Early (from 6am) and closing late (up to 11pm). *Extending product line to croissants, muffins, breakfast items, savoury options. *Extending to alcoholic flavours of Gelato ice cream. (license or permit may be required) *Catering for events and parties. * Leafletting for Take Away Orders.

Operation Details

Employees:

2 Full time 2 Part time

Trading Hours:

Monday to Thursday: 12:00 noon - 7:00pm Friday to Sunday: 12:00 noon - 9:00pm

Support & Training:

Full training on operation and ice cream production will be provided upon request.

Miscellaneous

Reason For Selling:

Owner urgently relocating to another country to live with family.

Contact this seller

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