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THIS BUSINESS IS NOW UNDER OFFER

Established Food Retailer in Festival Place, Basingstoke

Basingstoke, Hampshire
Leasehold Price:
Price on Application
Status
UNDER OFFER
Advert ID
236772

INTRODUCTION.
This is a fantastic opportunity to purchase an outlet which has been trading in one of the largest shopping malls in the UK for the past eight years. The business serves on average 3,000 customers a month.

Auntie Anne’s sells hand rolled freshly baked sweet and savoury pretzels as well as a selection of cold drinks. It is a leader in the ‘grab and go’ snacking industry operating 40 stores around the UK and more than 2,000 globally.

What is included in the sale:

  • All shop fittings.
  • All small wares.
  • Equipment present on premises.
  • Goodwill based on eight years trading in the centre.

The price does not include the cost of stock at the time of sale. In addition a rent deposit will have to be paid which is redeemable at the end of the lease period.

The business benefits from free marketing support from the Festival Place center management and Basingstoke Improvement District (BID).

LOCATION.

Auntie Anne’s Basingstoke is situated in prime location in Festival Place, which is one of the largest shopping malls in the UK. It is located on the main alley leading from the train station to the high street amongst other popular high street stores, restaurants, cinema and gym.

LEASE.
The kiosk is available on a competitive rent. The current lease is a 10 year lease which is due to expire in 2021. Heads of Terms have been agreed for another five year lease extension with full refurbishment of the kiosk and four months rent free period.

BUILDING LAYOUT AND DESIGN.
Auntie Anne’s Basingstoke operates from a kiosk in the upper ground of the shopping mall. The kiosk is due to undergo a refurbishment to bring it to the latest Auntie Anne’s standards and as part of the arrangement a rent free period has been granted by the landlord. The refurbishment includes addition of ice cream display freezer, hot drinks, breakfast buns and lunch sandwiches along with a substantial seating area.

There is also a large store room available equipped with free standing fridge and freezer.

STAFF.
The business is currently operating with six members of staff in employment.

FINANCIAL DETAILS.
Auntie Anne’s Basingstoke has eight years of trading history with the sales increasing year on year. Full financial details are available upon viewing.

BUSINESS RATES.
The business has a rateable value of £23,250. Purchasers should enquire with relevant local authorities to confirm the rates payable.

FUTURE PROSPECTS.

There is an option of adding hot drinks, pizzas, breakfast buns, sandwiches and Italian gelato to the menu. The refurbishment includes an addition of seating area which will definately add a lot of value.

FRANCHISE REQUIREMENT.

The buyer will need to be vetted by the franchisor. A franchise fee may be payable. All training will be provider by the franchisor.


Current Opening Hours:
Mon to Wed - 9am – 7pm.

Thur to Fri - 9am – 8pm.

Sat - 9am – 7pm.

Sun – 11am – 5pm.

The opening hours may be extended if the buyer wishes to do so.

REASON FOR SALE.
The business owner is pursuing other business opportunties.

 

Listing Details
Leasehold Price: Price on Application
Tenure: Leasehold
Location: Basingstoke, Hampshire
Sector: Food Franchise Resales Businesses
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Unique Business
  • Close to Local Amenities
  • Prime Location
  • Fully Fitted
  • Established Business
  • Adjacent to Multiple Retailers
  • Attractive Business
  • Ideal for Full Refurbishment
  • Town Centre location
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