Coffee Shops for sale in East Kilbride

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Established Franchise Coffee Shop with Bakery, East Kilbride (ref. 1024)

East Kilbride, South Lanarkshire, Scotland

  • Leasehold Price: £225,000  Price Reduced arrow_drop_down
Seller Reference: 1024
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Business Description
 
 
 
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Seller Reference: 1024
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Business Description
Very well presented established franchise Coffee Shop located within a busy shopping centre. Popular Coffee Shop & Bakery. Fitted out to the highest standard (major refit 2016). Net sales circa. £413,000 per annum (Aug 19) up from £399,000 (Aug 18). Gross Profit £293,922 (Aug 19) up from £283,840 (Aug 18). Located within popular Centre West, East Kilbride. Comfortable seating for 114 customers. Well established for over 16 years. PRICE REDICED.

The business is located within Centre West, which forms part of East Kilbride shopping centre, one of the largest shopping centres in Scotland. The franchise occupies a purpose built catering unit on the first floor within Centre West Food Court. Highly visible to all visitors, the large “L” shaped layout offers seating for 114 customers which is split approximately with 56 available internally and 58 in the open plan external area. Eye catching signage and marketing material adorn the external walls of the unit and it is clear that the unit has been recently refitted due to the appearance throughout.

Our clients have owned and operated this Muffin Break franchise since it was established over 16 years ago in this location and is one of six Muffin Break stores in Scotland, with the others located in Aberdeen, Dundee, Glasgow, Livingston and Stirling. This unit in East Kilbride has built up an enviable reputation over the years with a loyal customer base returning for the freshly baked products such as the wide range of savouries to the enticing range of cakes, scones & muffins.

Muffin Break in East Kilbride offers an excellent opportunity for a purchaser to take on an already well performing business, fitted out to the highest standard, and to work hand-in-hand with the franchise group. Muffin Break state costs for starting a new franchise of £325,000 + VAT to which rental deposits and stock would need to be added. There is a franchise fee of 6% of net sales along with an advertising fee of 2.5% of net sales payable by the franchisee. Any purchase will be subject to a property/licence agreement with the franchisor.

The business is operated by the existing franchisees with the assistance of a selection of full time and part time members of staff.
Trading hours:
Monday to Wednesday & Saturday 09.00am to 18.00pm
Thursday & Friday 09.00am to 20.00pm
Sunday 10.00am to 17.00pm
Number of employees:
The business is operated by the existing franchisees with the assistance of various staff
Tenure:
Leasehold
Location Details:
The business is located within Centre West, which forms part of East Kilbride shopping centre, one of the largest shopping centres in Scotland. The centre is easily accessible by car just a short drive from both the M74 and M77 motorways via the A725 or A726. There are approximately 3,000 parking spaces available at the centre which also has the main bus station directly outside and the town’s railway station just a 5 minute walk away. East Kilbride itself is the largest town in South Lanarkshire and was designated as Scotland’s first New Town in 1947. The town continues to develop and expand and is popular for commuters working in Scotland’s largest city Glasgow which is approximately 8 miles to the north-west. Other popular towns in the area are Hamilton, Strathaven, Blantyre and Eaglesham.
Leasehold Term:
Leasehold. A new 10 year lease commenced in March 2018. Annual rent £55,000.
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