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Commercial property for sale

£44,999 Fixed price

Smithford Way, West Midlands CV1

Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Unique franchise opportunity
  • Prime city centre location, Coventry
  • Excellently presented
  • Great owner operator opportunity

Property description

Reference - 45485

Description
The business was established by our client in 2015 and offers its customers Bubble tea. A Taiwanese tea-based drink invented in Taichung in the 1980s. Most bubble tea recipes contain a tea base mixed/shaken with fruit or milk, to which chewy tapioca balls and fruit jelly are often added. Ice-blended versions are usually mixed with fruit or syrup, resulting in a slushy consistency. There are many varieties of the drink with a wide range of ingredients. The two most popular varieties are bubble milk tea with tapioca and bubble milk green tea with tapioca. Bubble teas are typically of two distinct types: Fruit-flavored teas and milk teas. Most milk teas include powdered dairy or non-dairy creamers, but some shops offer fresh milk as an alternative. Other varieties are 100% crushed-fruit smoothies with tapioca pearls and signature ice cream shakes made from local sources. Many American bubble tea vendors sell milk smoothies, which are similar to bubble tea but do not contain any tea ingredients.
The business offers its customer a wide range of flavours from its selection of different drinks including Specials, Smoothie (Ice Blended), fruit tea, fresh tea, Icebo, Fruit delight, wavetea and milk tea. The business enjoys trading from a busy shopping centre in the middle of Coventry and enjoys a high level of foot fall through out the day.
Mooboo is a United Kingdom based company with rich Far East culture. When Mooboo Bubble Tea was established by the franchise it set out principles for doing business. The aim was to create the finest quality drinks and desserts for everyone in the country to consume and enjoy. The business as a whole works closely with customers and staff to stand out from the competition and stay one step ahead to insure new lines and flavours are available to keep customers coming back.

Sales
Currently shop sales average £160k annually

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday – Saturday 09:00 – 17:30
Sunday 10:30 – 16:30

Staff
Managed by the owners with full/part time staff.

Building External
The business is located with a large shopping centre in the middle of Coventry. Located on the ground floor next to one of the entrances it enjoys a high level of foot fall. The unit is a lock up shop.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Building Internal
The sales area is complete with 8 covers for its customers as well as a sales counter, preparation area and a wash up area.

Residential
There is no residential accommodation for owners/management available.

Tenure
We are advised that the property is held on a 10 year lease which commenced in 2015. The annual rent is £22,000 exclusive (correct as advised on 26/04/17). Rent reviews are at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
A great and unique opportunity in a prime location. A business not to be missed viewing essential.

What Zoopla users think of Coventry

Overall rating:

  • currently 3.5 stars
Good - 73% (546 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 3.5 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Coventry (0.6 miles)
  • Canley (1.6 miles)
  • Coventry Arena (2.8 miles)
  • Coventry Airport (3.1 miles)
  • Birmingham International Airport (10.4 miles)
  • East Midlands Airport (30.2 miles)
  • Sharpness Old Docks (62.8 miles)
  • Lydney Harbour (64.2 miles)
  • Castle Park Ferry Landing (80.4 miles)

Nearby schools

View all schools in Coventry
  • St Osburg's Catholic Primary School (0.3 miles)
  • Bablake Junior School (0.5 miles)
  • Spon Gate Primary School (0.5 miles)
  • The Sixth Form College, Solihull (11.0 miles)
  • East Birmingham Network Academy (13.1 miles)
  • EBN Academy Phase 2 (13.9 miles)
  • Barr's Hill School and Community College (0.4 miles)
  • Sidney Stringer Academy (0.5 miles)
  • Bablake School (0.5 miles)
Note: Distances are straight line measurements

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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