Restaurant/cafe for sale in Hill Street Shopping Centre, Middlesbrough TS1

£19,995
Restaurant/cafe for sale
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Property description

Ref 6760 – Leasehold Franchise Cafe/Dessert Bar
Blacks Brokers are pleased to bring to the market this leasehold franchise cafe/dessert bar located within Hill Street Shopping Centre, Middlesbrough.


Introduction


Quick Crepes Middlesbrough has been trading from Dunkerque Mall in Hill Street Shopping Centre since 2017. Our client established the business here due to the high amount of footfall within this popular shopping mall. The business is very well known and has an excellent reputation in the area with a large base of regular customers and excellent reviews noted on Google, Trip Advisor and Facebook. The business has appeared on the bbc for pancake day special reports.


Franchise information


Quick Crepes provide full training as well as use of their branding and access to ancillary products such as waffles, ice cream, shakes, smoothies, organic soups and their own triple-certified coffee. Our client has already paid the £10,000 franchise fees when opening the business and there are no ongoing fees. You just use Quick Crepe products, and these will generate an average 70% gross profit margin across the menu range. The company owns two brands, Quick Crêpes and Maple Moose, and they have over twenty busy sites operating within the UK, Ireland and the Middle East. There can be no other branches opened within ten kilometres of this one. A new owner would not be forced to continue as part of this franchise if not desired.


Location


The business is positioned within a commercial area of the town centre close to large multiples including Argos, Primark, Aldi and many more as well as a range of independent retailers within this popular town centre shopping mall. The area is well linked by the A66 with good public transport links and pay & display parking is available in the immediate vicinity.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments and a desire to move abroad, the business is currently managed by staff only. Therefore, Quick Crepes Middlesbrough is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The building is available on a competitive rent on an Internal Repair Only lease (iro lease). The current lease is a ten year lease with break clause after five. The lease began in 2017 at a cost of £711 per week.


Staff


The business is currently operating with seven members of staff in employment including one full time manager. Our client is not currently involved in the day to day running of the business.


Financial details


Quick Crepes Middlesbrough has traded well during the last two years. We are advised that the business currently has annual turnover of £84,498 and a gross profit figure of £56,075. Full financial details are available upon viewing.


Business rates


The business has a rateable value of £15,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

Business: £19,995.

Please quote ref: 6760

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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