FOR SALE
651884
For Sale: Eggettes Bubble Tea – A Profitable Independent Business with Exceptional Potential
Are you in search of a thriving food and drink venture that offers substantial growth prospects without any franchise fees? Look no further. Eggettes Bubble Tea, located on Newcastle-under-Lyme's High Street since 2020, has established itself as a beloved local destination. With an impressive 4.3-star rating on Google and over 1,200 weekly sales, this business truly speaks for itself.
The asking price for this opportunity is £30,000, with a current annual turnover exceeding £62,400. The business boasts a remarkable gross margin of 85% and monthly overheads estimated at approximately £1,135. This translates to an estimated net annual profit of around £39,000, indicating that the business generates more than its purchase price in profit each year. It's realistic to expect a full return on your investment within just 12 months.
The business operates for only five hours a day, not due to a lack of demand, but because the current owner has other commitments. With a full-time commitment, a new owner could significantly boost revenue without any increase in operating costs.
The product range includes:
Why Choose an Independent Business Over a Franchise?
The cost of entering a bubble tea franchise typically ranges from £40,000 to £50,000, along with ongoing monthly royalties on all turnover. In contrast, Eggettes is available for a one-time fee of £30,000, providing you with a fully operational business with no royalties to pay. This means you not only own the brand outright but also have the flexibility to develop your own franchise model and expand to additional locations as desired.
Included in the Sale
The sale encompasses all the essential elements to ensure a smooth transition:
Serious Enquiries Only
Financial records and further details are available for qualified buyers, and viewings can be arranged by appointment.
The café features a bright, modern decor with pastel colours and playful details that create a welcoming atmosphere. Its diverse menu includes premium milk teas, unique desserts like Eggettes, and various toppings. The fully equipped kitchen comes with commercial appliances and a comfortable seating area for customers. Situated in a high-visibility location with street-facing windows, the café attracts significant foot traffic and benefits from a solid online presence, offering ample opportunities for continued growth.
Having been established for six years and owned by the current proprietor for one, the business is strategically located on High Street, Newcastle-under-Lyme, amidst a bustling hospital, several colleges, and numerous schools. This prime position ensures a consistent and engaged customer base, including NHS staff, students, parents, and local shoppers.
If you’re ready to invest in a successful, independent bubble tea business with limitless potential, Eggettes Bubble Tea awaits.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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