Cafes for sale in Luton

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Creams Cafe Franchise Branch For Sale In Luton

Luton, Bedfordshire, England

  • Leasehold Price: £340,000  Price Reduced arrow_drop_down
  • Turnover: £600,000
Seller Reference: B05396
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B05396
Request Details
Business Description
Business
Hilton Smythe welcomes to the market Creams Café Luton.

The menu is be inspired from Italian Gelato desserts specialties and appeal to a diverse clientele. However, it is the strategy of Creams Cafe to give a perception of higher value than its competitors, through its food, service and entertainment.

The premises cover an area of approximately 3000 square feet with a further 3000 square feet on 1st floor which has planning for multi-purpose venue hire, this gives 160 covers and is served by 15 staff members. There is great exposure and order volume from delivery partners UberEATS, Deliveroo and Just Eat.

The cafe advertises heavily on social media. The Creams Head Office also helps with advertising with major promotions, such as Halloween, Easter, Summer etc. The business also advertises locally, and staff regularly hand out flyers to passers-by.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Creams is in the bustling heart of Luton Town Centre, which is rapidly expanding borough in proximity to M25 London orbital.

The property is situated on the mainly pedestrian George Street adjacent to the entrance of Luton’s premier retail centre, The Mall. The premise is adjacent to Debenhams, with other nearby users such as Mark and Spencers. The Mall contains 120 retailers with an average weekly footfall of 400,000.

University of Bedfordshire is located right opposite the unit with approx. 8,000 student hall residence. Creams Café attracts students to dine, enjoy and experience an American style dessert parlour. Restaurants in proximity include, Pizza Express, Nandos, Jimmy’s Restaurant, as well as many other established restaurant chains.

In addition to the above, there is a wide collection of pubs, clubs and restaurants as well as the Galaxy Leisure Complex, which offers an 11-screen cinema, 16 bowling lanes, a bingo hall, an arcade and much more.

Thus, it has become a venue for small business meetings, couple’s night out, birthday bashes or a student’s chill out zone.

Premises
The premises cover an area of approximately 3000 square feet with a further 3000 square feet on 1st floor which has planning for multi-purpose venue hire, this gives 160 covers. The business is being sold with standard Creams equipment, including seating kitchen servery etc.

Tenure
We are advised the business is being sold as a leasehold business opportunity with a lease of approximately 6 years six months from July 2019. The annual rent is £45,000 and rates are payable at approximately £18,000 per annum.

Hours
Monday - Thursday: 11am – 12am
Friday & Saturday: 11am – 1am
Sunday: 11am – 12am


Staff
The business is manager run, with the help of 14 members of staff. This business could suit an owner/operator to increase profitability.

Financial Profile
Creams generate an advised turnover of circa £550,000.

Tenure:
Leasehold
Listed by:
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