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Millie’s Cookies Franchise In Bradford

Bradford, West Yorkshire, England

  • Leasehold Price: £70,000
  • Annual Turnover: £106,185
  • Annual Gross Profit: £78,577
  • Annual Net Profit: £21,889
Seller Reference: 6539
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Business Description
 
 
 
 
 
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Seller Reference: 6539
Request Details
Business Description
Established in 2016
**Annual Accounts April 2018**
Annual Turnover £106,185
Gross Profit £78,577
Accounts Available After Viewing
Shopping Centre Location
Well Presented
Managed By Staff
Tremendous Expansion Opportunities
Franchise Cost Of £50,000 For Territory Included in the Sale
EPC - D
REF 6539 – Millies Cookies Franchise - Bradford

Blacks Brokers are pleased to bring to the market this leasehold Millies Cookies Franchise located in a busy and popular area of Bradford, West Yorkshire.

INTRODUCTION

Millie’s Cookies has over 100 stores across the country and is expanding internationally, its mission is to be the number one sweet treat brand worldwide and has chosen the franchise route to achieve this. Millie’s Cookies Bradford since 2016. Our client has established the brand within this area very well and has a good base of local customers in addition to a superb trading position that brings plenty of passing trade.

LOCATION

Millie’s Cookies is located at the Broadway Shopping Centre, located at the main entrance, at the food-court. The Broadway is a new shopping centre that opened in the middle of Bradford on 5 November 2015. It is easily accessible by car, bus, rail or on foot. The centre offers over 70 shops and eateries. As one would expect, big high street names have a presence within the centre such as M&S, Costa etc. The shopping centre has lots of parking and footfall is huge as this Millie’s Cookies is located at the main entrance to the shopping centre. There is additional development in the area such as the new multi-million pound cinema development and new apartments soon to be open opposite the entrance.

REASON FOR SALE

The business is only being offered for sale due to our client’s other business interests. Our client purchased two Millie’s Cookies outlets as an investment and is ready to release their potential to a new owner now. Please also see listing number 6326 (Leeds branch).

LEASE

Rent at £20,000 per annum with a new lease available on a 5 year term, if a new lease is not required the current lease is due for renewal in 2021.

BUILDING LAYOUT AND DESIGN

The franchise operates from a free standing kiosk in the middle of the entrance of the shopping centre. The business is very well branded with the typical Millie’s Cookies signage as one would expect. This is a well placed and very well presented sales stand with four counters making up a retail area. Staffing facilities are shared with the shopping centre itself.

STAFF

Our client works in an area manager capacity, servicing other outlets. Therefore this proposition would ideally suit a hands-on owner operator who could drive up sales revenue. This outlet currently operates with one full time and three part time members of staff. Our client is able to offer a handover period if required to ensure a smooth transition for staff and the new owner - giving reassurance that the momentum of success can be continued under new ownership.

FINANCIAL DETAILS

Annual Turnover £106,185 (2017/18) Gross Profit £78,577. Accounts will be available after initial discussions with our client.

SUMMARY

This leasehold proposition offers a superb opportunity for a new owner to purchase a well established outlet from a very well known brand with franchise support already in place. The business occupies a superb trading position within a busy shopping centre. Meetings with our client are strongly advised.

Fixtures:
Please Ask For Full List.
Trading hours:
Millie's Cookies, The Broadway Kiosk K13, The Broadway, Bradford BD1 1JR Monday - 9am–7pm Tuesday - 9am–7pm Wednesday - 9am–7pm Thursday - 9am–8pm Friday -9am–7pm Saturday - 9am–7pm Sunday - 11am–5pm
Tenure:
Leasehold
Location Details:
Bradford
Leasehold Term:
£384 Per Week
Listed by:
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