Popular And Profitable Bubble Tea shop, Galway's Latin Quarter For Sale

Reference: STB12110212

Location: Galway's Latin Quarter

Price: €120,000

Description: We are pleased to bring to the market this great opportunity to acquire a profitable fully fitted bubble tea shop in the densely populated Galway’s Latin Quarter area of Galway City.

Weekly sales averaging €5000 - €6000 plus additional revenue from open late-night bars.
Rent = €500 per week (€26,000 per annual)
Rate = €2200 per year

Bright spacious shop with inside and outside seating. Total of 8 seats, casual bar stools seats, modern and young styles.
Business, leasehold interest, fixtures and fittings for sale plus stock at valuation.

Further details:
This is a beautifully decorated sit-in and takeaway bubble tea plus fast food take away shop in the densely populated Latin Quarter area of Galway City.
The business is in a highly visible main road location and benefits from good repeat custom from the surrounding businesses and residents. At the heart of Galway's social scene, The Front Door Pub is one of the city's most popular late bars, our business located right beside the famous bar.
Viewing is highly recommended.

Financial information:
Weekly food & drinks sales average between €5000 - €6000 from 7 days opening plus additional revenue of around €1000 - €2000 per month from the sale of late shift for business from bars and nightclub surrounding.
This is an established profitable business with over 20+ franchisee around the world - an ideal business opportunity for a budding entrepreneur or an established business wishing to expand.
The sale price includes all equipment, fixtures and fittings which cost over €80,000
Further financial information can be made available to serious interested parties after viewing.

Staff:
This business is run fully staffed by one full-time and 6 part-time employees.

Opening hours:
12pm – 9pm for 7 days a week.

Premises:
The premises are a spacious unit in a highly visible location on Cross Street close to its junction with High Street. Well fitted and decorated by the current owner, the premises are in walk-in condition throughout.

At 28.8 square meter the unit comprises a bright spacious front shop with counters and seating for 4 inside and a further 4 outside, prep kitchen, ample storage and a toilet. There is ample on street parking around the shop.

Tenure:
Rent €26,000 per annum. Lease expires in December 2024 but can be extended.

Social Media:
FB = 18c Tea Galway
Instagram = 18ctea_galway
This is Galway = https://thisisgalway.ie/eat-galway/18ctea/
Website: https://www.18cteagalway.com/

Contact Seller