Leasehold Ice Cream & Dessert Franchise Located In Coventry City Centre

Leasehold Ice Cream & Dessert Franchise Located In Coventry City Centre
Prominent Trading Position
Worldwide Franchise
Turnkey Business
Ref 3062

Asking Price £149,950 LTD CO SALE

Location
A fantastic opportunity to acquire this respected worldwide Ice Cream & Dessert franchise which is located in Coventry City centre. Situated within a prominent and highly visible trading position on Trinity Street which is surrounded by large retailers and restaurants to include Sainsbury’s Supermarket, Nando’s, McDonalds and KFC to name but a few. All of which bring high levels of footfall to the area.

Business Description
Veritas Business Sales offer to the market this delightful worldwide Ice Cream & Dessert franchise, Coventry City Centre. Baskin Robbins originated in the USA 65 years ago and the Coventry branch was opened by the current owner 3 years ago. Reluctantly they are now offering the business for sale due to unforeseen ill health. Since ownership they have refurbished, redecorated and installed brand new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Baskin Robbins is overseen by the owner but operated daily by a team of 2 full time & 2 part time members of staff and for year ending 30th September 2023 posted an annual turnover of £170,129. The split on turnover is approximately 70% walk-in trade and the remaining 30% comes via the online delivery portals Uber Eats, Deliveroo and Just Eat. The one of franchise fee of £35,000 has already been paid and The Royalty fees of 2% have been suspended since incorporation for the foreseeable future . The company comes with a Sponsor license for up to 2 skilled workers via the immigration route which will also be included in the sale. Please note that this is a company share sale and full training will be provided to the new purchaser. The rent payable for its size and prominent trading position is very attractive.
We believe that there is huge potential to increase revenue as the business currently operates on a turnkey basis where the staff open up and operate the business on a daily basis. The business is just covering all cost and running in a small profit however there is scope to expand on the current opening times and better management of the delivery apps will no doubt increase business significantly. The business would benefit from an owner operator at the helm to increase revenue and drive the business forward. The business in a short space of time has already built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a fantastic opportunity to purchase a turnkey business which is part of a great brand, where all the hard work has been done and as such early viewing is highly recommended

Opening Times
Monday – Sunday – 15:00 – 23:00

Leasehold
Term: 10 years
Remaining: 7 ½ years
Rent: £18,500 pa
Reviewed: 5 yearly
Rates: £2,100 pa

Ground Floor
Restaurant comprising: tables & chairs to cover (24), fire exit, 2 door display freezer, serve over chilled dessert counter, 2 x waffle machines (The Malted Waffle Co), cone machine (CoBatCo), 2 x 12 flavour serve over ice cream freezers, EPOS till system with printer, 12 x toppings cabinet with 2 x sauce dispensers, digital window menu display, commercial microwave (Sharp), 4 x stainless steel worktops with 13 undercounter storage cabinets, undercounter fridge (Polar), stainless steel wash basin, wall mounted soap dispenser, wall mounted paper towel dispenser, tabletop drinks fridge, bean-to-cup coffee machine, 5 x wall mounted digital menu display screens, laptop (Lenovo), music system and 2 x commercial blenders (Blendtec). Wash-up area with 2 door stainless steel upright freezer (Fefcold), 2 door stainless steel upright freezer (G-line), mop sink, stainless steel worktop, stainless steel triple sink with directional hose, wall mounted storage unit with printer (HP). There is a loft hatch within this area with a drop down ladder that provides mezzanine storage area
Staff W/C with wash basin, wall mounted soap dispenser and wall mounted paper towel dispenser.
The premises benefits from electric roller shutters to the frontage and 2 x air conditioning units that also blows hot air when required.

External
Shared rear yard area for the bins. Frontage which has the potential to add external seating.

EPC Rating D