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Eco-Friendly, Popular Bubble Tea Shop in Reading Berkshire For Sale

Reading, Berkshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    18/04/24

  • Advert ID

    609997

  • Reference

    B07990 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £44,995
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Highly Desirable Bubble Tea Shop For Sale

Business
Please quote reference B07990

CoGoGo are delighted to welcome to the market Hi Tea, a highly rated, popular bubble tea shop in Reading.

The business was first established by our client in 2021, where they have built up an excellent reputation and extremely loyal and large customer base.

Hi Tea now comes to the market due to our client's desire to travel around the world.

The admired bubble tea shop offers an array of drinks from milk teas, fruit teas, cream teas and fresh tea.

Hi Tea, was founded with the mission of bringing high quality teas to the UK market. They source the finest of tea leaves straight from Taiwan and they are carefully curated to offer diverse flavours, infusions and unique blends all placed within their eco-friendly packaging materials. 

Equipment Included:

  • Counter
  • Till System
  • Menu Boards
  • Cake Display Stands
  • Tea Machines
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website.

This is a highly desirable turnkey business and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established or for an experienced operator looking for an additional business with the potential for an attractive income stream.



Location
Hi Tea is located in Reading within a high footfall location.



Premises
Ground Floor:

  • Open plan service area
  • Bespoke decorations
Basement Floor:

  • Currently used as storage (can be remodelled)
External area:

  • Large bespoke signage


Tenure
Hi Tea is being sold on a Leasehold basis with 9 years remaining on a 10 year lease.

The current rent is £37,000 per annum.



Hours
The current trading hours are:

Monday to Saturday - 12:00pm to 8:00pm

Sunday - 12:00pm to 7:00pm



Staff
This business is run and managed by our client with the help of 2 staff members.



Financial Profile
The business achieved a turnover of £150,000 in 2023. Full financials can be made available upon further request.



Read more

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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.

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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.

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Stay Safe

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.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

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