Well Known Coffee Franchise Business For Sale
This Business Is located in a prominent position within Leeds Trinity Centre, opposite to Next and next door to the Entertainer.
Leeds Trinity Centre was opened on 21st March 2013 and had over 130,000 recorded visitors on opening day. There are a total of approximately 120 stores anchored by flagship Marks & Spenser and Topshop/Topman. Other major stores near by are Next, Boots, Apple.
The store occupies a rectangular shaped retail unit of approximately 2000 sqf. The unit has a Glass frontage and excellent signage.
Muffin Break is an Australian franchise with units across the whole of the UK. The Leeds store has approximately 120 internal seating and have an option for external seating (which the current vendor has not currently taken up). The franchise specialises in selling quality coffees, freshly baked muffins, hot food and sandwiches. The unit has been trading for just over 1.5 years and First year accounts from 6th December 2013 to 31st October 2014 show a net turnover of £420,067 and an adjusted profit of £14,702. The Second year is showing a substantial increase in turnover as the business establishes itself. Expected turnover for year 2 is £550,000 with an adjusted profit of approximately £50,000
The Store also benefits from a remote storage unit.
The Leeds Store has been owned by the current franchisees for over 1.5 years and is regrettably having to leave the business due to personal reasons and distance as he lives in London. The business is fully operational and is ready for a new owner to come in and trade immediately.
Full training and support will be provided by the Franchisor along with a dedicated consultant.
Further trading information would be made available to interested parties after viewing.
All fixtures and fittings are included in the sale
The property is available leasehold and is to include goodwill. The franchisors hold the lease and we are offering the licence to occupy the franchise.
Rent £125,000 plus Vat
Rates approx £62,0