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Franchise Bubble Tea Room In Prime Location

Birmingham, West Midlands
Leasehold Price:
£125,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
249206
Reference
B05527 / Rightbiz

Details

Business
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Chatime which is a well established Bubble tea specialist with a renowned reputation amongst local residents and shoppers. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

Chatime is a fresh tea specialist focusing on modernised Taiwanese tea culture. Founded in Taiwan in 2003, Chatime is an international franchise with over 1000 stores worldwide serving more than 350,000 customers every day. The company launched in the UK in 2012.

The Birmingham branch of Chatime was founded by our clients approximately 5 years ago and the business has flourished since with many regular customers and a burgeoning reputation. The business is now being sold, albeit reluctantly and with heavy hearts only due to the owners wishes to concentrate on other business interests.

They are keen to see their beloved Bubble Tea company pass to an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.

Chatime offers an extensive menu including; Milk Tea, Mousse, Fresh Tea, Smoothies and Slush, Fruit Teas, Refreshing Juices, Chatime QQ, Oriental Pop Tea, Coffee, snacks etc.

The sale will include the company Facebook page and the business enjoys great visibility on the internet.

Reasons to Buy

  • A well established business with an enviable reputation and many regular customers
  • Prime trading position in the unusually busy and vibrant Bullring Shopping Centre
  • All fixtures and fittings included making this a real Turnkey business opportunity
  • Current owners happy to offer a handover to ensure the continued success
  • Training is available via the franchise company so no experience is required
  • Little or no competition locally
Hilton Smythe highly advise early viewing to avoid disappointment.

This great little business is likely to attract considerable interest.



Location
Chatime is located in Birmingham.

In recent years, many parts of Birmingham have been transformed, with the redevelopment of the Bullring Shopping Centre and regeneration of old industrial areas. The city will serve as the host of the 2022 Commonwealth Games.

Partly due to its central location, Birmingham is a major transport hub on the motorway, bus, rail and canal networks. The city is served by the M5, M6, M40 and M42, M6 motorways.

Chatime is located in the Bullring & Grand Central Shopping Centre in the heart of Birmingham City Centre. The Bullring is Birmingham’s premier shopping destination with over 200 stores including John Lewis and Selfridges and also home to a plethora of stylish restaurants, cafes and places in which to grab a drink or snack.

Chatime is ideally positioned close to one on the main entrances to the shopping centre, is beautifully presented and maintained with clear visible signage and sits alongside other complimentary retail businesses and thus benefits from really high levels of footfall along with regular custom.

There are a number of public car parks within easy walking distance of the business.



Premises
Chatime occupies a purpose built retail unit on the busy Upper Mall of the Shopping Centre, is beautifully presented and fastidiously maintained and briefly comprises;

Rear Kitchen

Comprehensively equipped kitchen in immaculate order with Bunn Tea Brewing Machine (new in 2019), Ice-O-Magic ice maker with storage bin (170kg), induction Cooker, Pearl Cooker (new in 2019), Cooking pots (1 large and 2 tall), Water Filter, Large stainless steel and drainer with useful storage, Step Stool, Bin and Cleaning Equipment,

Shop

Open plan servery with generous wrapping area and Chatime branding, 8 tea barrels, Fructose Machine, Tea Expresso Machine with Steamer, double glass fronted chiller, counter display fridge, Sealing Machine, Blender, Mixer, Mixer Cup, containers, jugs, shakers spoons etc, IPad and mini Ipad, Receipt and label printer, Till System And Cash Drawer, App Order and Delivery System, Telephone and WiFi router, built in bin, plastic storage drawers, double stainless sinks and drainers with storage units and 4 wall mounted TV’s.

Storage Room (Basement)

Perimeter shelving for stock, brand new induction cooker, brand new coffee grinder, brand new document saver, Bunn tea brewing machine (spare), table, floor storage space.



Tenure
We are advised that Chatime is being sold as a leasehold business opportunity.

The existing lease expires in 2022 and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The current rent is £39,780 per annum which is really reasonable given the location of the business in the UK’s busiest shopping centre. Retail units are really sought after in this area and there is often a long waiting list.

We are advised that the business rates payable are circa £9000 per annum.



Hours
Monday 10.00 – 19.00

Tuesday 10.00 – 20.00

Wednesday 10.00 – 20.00

Thursday 10.00 – 20.00

Friday 10.00 – 20.00

Saturday 09.00 – 20.00

Sunday 11.00 – 17.00



Staff
Chatime is run and managed by our two clients with the help of 8 part time members of staff and casuals as required.



Financial Profile
Chatime generates an advised current annual turnover of approximately £220,000 per annum and the business continues to grow at an impressive pace.



Seller Details
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Listing Details
Leasehold Price: £125,000
Tenure: Leasehold
Location: Birmingham, West Midlands
Sector: Tea Rooms, Cafes
Financials
Annual Turnover: £220,000
Location Statistics
What's nearbyi:
MANYANALADIES (approx. 0 mile)
Waterbury Bathroom Accessories Ltd (approx. 0.3 mile)
A38 Motors (approx. 0.4 mile)
Great Wall (approx. 0.4 mile)
Pison Continental Restaurant (approx. 0.4 mile)
Border Barrels Ltd (approx. 0.7 mile)
The Albion at Aston (approx. 0.7 mile)
Avenue Rd (approx. 0.7 mile)
Capgemini (approx. 0.7 mile)
Campingzone Direct (approx. 0.7 mile)
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