Hilton Smythe welcomes to the market Mooboo. This franchise location was established by our client in 2014, the owner is now looking to sell the store, due to the desire to focus on other business interests.
The business runs as a specialist bubble tea and dessert takeaway. This is a franchised company based in the UK, supplying high quality drinks and desserts. All of the drinks are lactose free, non-dairy and suitable for vegetarian. There are 1,000’s of different flavoured teas, some include matcha green tea, passion fruit, lychee, hazelnut, strawberry, vanilla as well as many more.
Mooboo has several locations this includes Bradford, Birmingham, Coventry, Newcastle, Hertfordshire, Leeds, Liverpool, two in Scotland and three in London.
Mooboo generated an advised turnover of around £79,000 as of the 2015 accounts, with a gross profit of 67%. We feel that the business could further benefit from more advertising and marketing. This is a new niche business that requires a range of different marketing ideas in order to bring the business up to its full potential. The franchise Mooboo has a Facebook page this has over 27,500 followers.
The business is set in a prime trading location that benefits from all year-round trade. There are ample retail outlets within the Arndale alone, we feel the purchaser could look to offer deliveries to other businesses within the city of Manchester.
This is a fresh new business opportunity with huge scope. Mooboo could benefit from a hands on purchaser looking to take over a popular franchise business. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
Mooboo is located in Arndale Shopping Centre, Greater Manchester.
The business is located on the first floor of the Arndale Shopping Centre in the City Centre of Manchester. This is a prime location that allows for all year-round trade and heavy footfall. The Arndale Shopping Centre is filled with hundreds of retail chains and independent retail outlets. The shopping centre is also filled with a variety of eateries, again this includes large chain brands.
The Arndale Shopping Centre is an indoor shopping mall that draws in thousands of tourists each year. This is a well-known location, an exceptional area for any thriving business.
The city centre location allows for generous public transport. In the area are several tram ways, there is also a bus station close by. The city centre has several train stations, this has regular daily routes into Blackburn, Huddersfield, Leeds, Blackpool, Wigan, Liverpool, Newcastle and more.
Mooboo boasts a well-presented modern property inside the Arndale Shopping Centre. The store is double fronted with an open centre, this can be secured at closing times with a roller shutter door.
The store is set on the first floor of the shopping centre, in Manchester City Centre. The property looks enticing with its bright coloured interior. On entry is the service counter and a seating area for customers. The service counter has top displays and a till. Behind the service counter is a preparation area with varied flavourings on display.
Through to the rear of the property is a kitchen, this comes equipped and is well lit.
Equipment includes: -
Large stainless steel sink
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 15 years.
Remaining lease length: 12 years as of 2017.
Rent: £30,000 per annum.
The business opening hours: -
Monday - Friday: 9am – 8pm
Saturday: 9am – 7pm
Sunday: 11:30am – 5:30pm
The business is run and managed by our client, with the help of one full time and three part time members of staff.
Mooboo generated an advised turnover of around £79,000 as of the 2015 accounts, with a gross profit of 67%.