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THIS BUSINESS IS NOW UNDER OFFER

Well Established Milkshake Bar Business

Berkhamsted, Hertfordshire
Leasehold Price:
£29,995
Status
UNDER OFFER
Advert ID
251772
Reference
B05653 / Rightbiz
Business
Hilton Smythe welcomes to the market The Shaken Cow in Berkhamsted, which is being sold as part of a strategic corporate sale, meaning the business will need to be re branded by the new owner, unless they wish to purchase the business as a franchise, therefore, retaining the name that is already associated with the area. This would come at an extra premium of £15,000.

The business is currently a milkshake bar located in the affluent market town of Berkhamsted, an area that is notoriously hard to obtain retail premises, due to its popularity.

The opportunity has arisen to either purchase as a franchise, therefore keeping the existing business model or to re brand, keeping the equipment already in place and either keeping the same business model or diversifying the business slightly but changing it to a coffee shop or café etc. Either way this opportunity would benefit from an owner/manager to run the business.

There is scope for development of the business by considering diversifying the current model by changing to or adding the following:

  • Coffee shop.
  • Café.
  • Sandwich bar.
  • Dessert lounge.
  • Adding extra table for further customers.
  • Consider extra opening hours, depending on business model.
Hilton Smythe highly advise early viewing to avoid disappointment.



Location
The Shaken Cow is in the affluent town of Berkhamsted, Hertfordshire, within double fronted premises on Lower Kings Road.

Lower Kings Road is located just off the High Street in a high footfall area along with many other shops. There is metered parking close by.

Berkhamsted is located just off the main A41 to London Berkhamsted is an historic market town close to the western boundary of Hertfordshire, England. It is situated in the small Bulbourne valley in the Chiltern Hills, 26 miles northwest of London just off the main A41.

Berkhamsted and the adjoining village of Northchurch are surrounded by countryside, much of it classified as an Area of Outstanding Natural Beauty. The High Street is on a pre-Roman route known by its Saxon name Akeman Street.



Premises
The double fronted premises is entered directly of the main road and in to the main café area.

The main area has seating across tables and a breakfast bar to the front of the premises, all giving seating for around 21 customers. There is space to add a few tables to increase the number of eat in custom.

The kitchen area has

  • 2 x Blendtec shake blenders.
  • Coffee machine.
  • Waffle machine.
  • Panini grill.
  • 2 x under counter freezers.
  • Under counter fridge.
  • 2 x chest freezers.
  • Plenty of storage shelving.
  • Within the premises are 2 x air conditioning units.
  • Off the main area is a door leading to a mini stock room and staff toilet.
Premises are circa 37sqm.



Tenure
We are advised the business is being sold as a leasehold business opportunity with a new 5-year lease and an annual rent of £20,000.

We have been informed that business rates are currently being paid at around £3,500 per annum.



Hours
Monday - Friday: 12pm – 6pm

Saturday: 9.30am – 6pm

Sunday: 11am – 5pm

Depending on the business model chosen by the new owner, it would be advisable to consider opening earlier for breakfast during the week.



Staff
The business is run and managed by the 2 part time staff members. This business would suit an owner operator in order to identify needs and produce greater revenue and profit.



Financial Profile
The Shaken Cow generated an advised turnover of circa £122,500 as of the 2017 accounts, with a gross profit of 68%.

The business was opened with a full refurbishment only a few years ago and the assets being sold with the business are thought to be worth in the region of £25,000.

The average stock value is in the region of £2,000.



Listing Details
Leasehold Price: £29,995
Tenure: Leasehold
Location: Berkhamsted, Hertfordshire
Sector: Take Aways Businesses, Food And Drink
Financials
Annual Turnover: £122,583
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: B05653 / Rightbiz
What's nearby
Within 1 milei:
M&Co (Clothing Store)
Kwik Fit Berkhamsted (Car Repair)
Porters Restaurant and Bar (Restaurant)
The Penny Farthing Hotel (Lodging)
The Kings Arms (Bar)
The Rex (Movie Theater)
Meditation Coach (Health)
B&R Electrical Services (Home Goods Store)
Durrants Lane (Transit Station)
Durrants Lane (Bus Station)
Listing Statistics
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