FOR SALE
19/10/23
601406
Rare opportunity to own a popular and unique Bubble Tea store in a prime location on Ladypool Road, Birmingham. This is on one of the main busy food strips in the city. We have become a familiar name in Birmingham, being the go to place for Bubble Tea; and not just in the Balti Triangle - we are proud that are customers travel from all over the West Midlands even as far as Walsall for a sip of our Bubble Tea.
We were the first Bubble Tea store to open on Ladypool Road and still the only dedicated store here. Our focus is on our drinks; we have a unique and large selection which aren’t available anywhere else. What separates us from the competition is our STRONG, UNIQUE, FUN & QUIRKY branding. Having attractive branding matters especially when differentiating from competitors.
Since we opened back in Jan 2022 and operating from nearly 2 years now we have grown a large and loyal customer base. There’s no surprise customers keep coming back, our signature drink is the Dirty Brown Sugar which we have become well known for. Our brand was key to introducing the Bubble Tea concept to this side of Birmingham.
We have over 19.5k likes on Tiktok and have a dedicated Marketing Manager who will continue to market the brand overall. You are able to run your own local social media operations too i.e. create your own pages for the Ladypool Road branch. We have been endorsed by Birmingham based influencers on Tiktok and Instagram too.
You will own the lease to the Ladypool Road store, all equipment you need to run the store from day 1 and the licensing required to operate under the NaughTEA Boba™ Brand. This store will operate as a franchise store, you will be the franchisee hence owning this specific store.
What is included?
Who we are looking for?
Given the success of our company since launching, we would like to focus on the franchising model; enabling further NaughTEA Boba™ locations to be opened across the UK. As the current owners of the branch are based in London, handing over the Birmingham store ownership and operations management to a determined and business minded individual will allow prioritisation of the franchising elements of our business strategy. Our professional backgrounds are in Business Strategy, Technology and Finance; we have been running the store successfully remotely as we have 9-5 jobs based in London - if you have the drive and ambition and would like to be a part of our fun and quirky brand then please get in touch.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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