Pretzel Franchise Business Located In Coventry For Sale
This respected Pretzel Franchise is located directly outside Tesco Extra Supermarket within Arena Retail Park in Coventry. The centre is home to a varied cross section of national retailers including Game, O2, Shoe zone, Card Factory, TUI, Greggs, Coventry Building Society, Timpson and Carphone Warehouse to name but a few. The Park is a fantastic place to shop and is located in next to the Ricoh Arena Stadium with good parking and easy access to the A444, junction 3 of the M6 and just 5 minutes from Coventry City Centre.
Asking Price: £69,950
GP: £92,534 (68.47%)
Original term: 5 years
Term remaining: 1 year
New 5 year extension has been agreed
Rent: £20,000 plus VAT pa
Rates: £8,000 pa
Veritas Business sales are delighted to offer for sale this outstanding Pretzel Franchise which is located in Coventry. The franchise originated from America back in 1988 and now boasts over 1,400 stores worldwide with over 30 sites within the UK. This particular unit in Coventry has been trading for 3 years and is reluctantly being offered for sale due to my client having to concentrate on other business interests. Since ownership they have continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not have to be spent for some time. The business is operated by a team of 2 full time and 3 part time member of staff and has an annual turnover of £135,141 with a GP of £92,534 (68.47%). Auntie Annie’s serves a fine range of sweet & savoury pretzels, pretzel dogs, fresh lemonade, slush drinks, coffees and dips. All pretzels are hand rolled daily on site to order to ensure they are fresh and tasty. We believe that the business would thrive from having an owner operator rather than being heavily reliant on staff. The business enjoys a strong reputation within the local community and running clubs and beyond and as such has a high level of regular and repeat trade along with many new customers due to its prominent location. We consider this an ideal opportunity to purchase an established franchise business with further potential which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.
Monday – Saturday – 10.00am – 9.00pm
Sunday – 10.00am – 5.00pm
Kiosk comprising: serve over sales counter with EPOS system, CCTV 4 camera system, undercounter fridge, worktop, fresh lemonade machine, double barrel slush machine (Ugoloni), 3 menu boards, hot food cabinet, fridge (Foster), brick lined double bake off oven, wash basin, dough mixer, base units, and dual wet bain-marie food heater (Vollrath).
Storeroom with double sink drainer, hand wash basin, storage racking, 2 upright fridges and cabinet.