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Millie’s Cookies Franchise In Leeds

Leeds, West Yorkshire, England

  • Leasehold Price: £59,950
  • Annual Turnover: £120,964
  • Annual Gross Profit: £92,670
  • Annual Net Profit: £29,405
Seller Reference: 6326
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Business Description
 
 
 
 
 
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Seller Reference: 6326
Request Details
Business Description
**Accounts for Period November 2019**
Annual Turnover £125,831
Gross Profit £95,427
High Footfall
Excellent Town Centre Location
Very Busy Trading Position
Well Presented & Equipped
EPC - D
REF 6326 – Millie’s Cookies Franchise In Leeds

Blacks Brokers are pleased to bring to the market this leasehold Millie’s Cookies franchise located in a bustling shopping area of Leeds, West Yorkshire.

INTRODUCTION

Millie’s Cookies has over 100 stores across the country and is a brand that first started in 1985, its mission is to be the number one sweet treat brand worldwide and has chosen the franchise route to achieve this. Millie’s Cookies Leeds has been trading since 2017, the outlet is now at a point that it is ready to be made available for sale and this has created an exciting opportunity for a new owner to take full advantage of this lucrative proposition. 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 Trinity Leeds is located in the city centre at Albion Street in amongst multiples and opposite Wilkos. Albion Street is one of the highest footfall streets in the North West. In addition to the unit on Albion Street the shopping centre have allowed the business to use their promotional pod in their prime pitch which provides a secondary satellite outlet on special promotional occasions such as Valentines.

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 6539 (Bradford branch).

LEASE

The building is available on a competitive rent on a Full Repair and insure lease (FRI lease). This is the most common form of commercial property lease. Rent at £26,000 on a 5 year lease.

BUILDING LAYOUT AND DESIGN

This is a single fronted unit on Albion Street. The business is very well branded with the typical Millie’s Cookies signage as one would expect. This compact unit has a display counter and servery. The unit is ideal for this type of retail business.

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

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, Leeds Trinity
3a Albion St, Leeds LS1 5ES
Monday - 9am–8pm
Tuesday - 9am–8pm
Wednesday - 9am–8pm
Thursday - 9am–8pm
Friday - 9am–8pm
Saturday - 9am–8pm
Sunday - 11am–5pm
Tenure:
Leasehold
Location Details:
Leeds
Leasehold Term:
Leeds £500 Per Week
Listed by:
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