Retail premises for sale in Reading, England, United Kingdom RG1

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.