Extremely Popular Dessert Parlour For Sale
Brighton, East Sussex
- Asking Price: £109,500 +SAV
We are advised the business generated a turnover of circa £316,000 as of 2020, further financial information can be made available upon request.
Please quote reference B06264
- Tenure: Leasehold
Please quote reference B06264
Hilton Smythe is delighted to welcome to the market on a leasehold basis, a well presented and well performing dessert restaurant. The Wafflemeister Brighton franchise has been under the careful and meticulous ownership of our clients for the last five years, with the business only now coming to the market for sale as our clients look to take well-earned retirement.
The Wafflemeister brand is a UK based bakery concept, which is expanding nationally and internationally. All sites serve great tasting, high quality, and natural products from a menu of European and American favourites. The core products are the famous handmade Belgian Liege waffles, savoury Brussels waffles and sweet and savoury crepes. The site also serves Italian style ice cream (gelato), sundaes, thick shakes, cakes, gourmet coffee, freshly squeezed juices, frappes and smoothies.
The business has the perfect menu that appeals to a wide audience for breakfast, lunch, dinner, or dessert and is the place to go for a quick indulgence and friendly service, offered in a casual and fun environment. With a strong track-record the brand is a time-tested brand, which benefits from a broad demographic appeal and a loyal customer base that translates into a very high level of repeat custom for the business.
We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website.
All fixtures and fittings along with industry equipment including, various refrigerated and freezer storage, both free standing along with under counter units, 3 waffle makers, 3 crepe makers, oven, cake display, gelato display, chocolate warmer, cream machine, juicer, blender, coffee machine and grinder.
This is a highly desirable turnkey business and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established or for an experienced operator looking for an additional business with the potential for an attractive income stream.
Very rarely do businesses of this calibre come to the open market therefore, early viewings must come highly recommended to avoid disappointment.
The business is ran and managed by 5 full time staff members.
The business trading hours are as followed:
Monday to Sunday - 09:00am - 22:00pm
The business is located in the busy and thriving West Street area within the popular city of Brighton and benefits from being surrounded by a host of major retail outlets leading to an excellent level of footfall and passing trade.
Brighton is a popular seaside resort and one of the two main areas of the city of Brighton and Hove. Located on the southern coast of England, in the county of East Sussex, it is 47 miles south of London.
The area is well serviced with amenities with Brighton Station being easily accessible on foot, along with Churchill Square, the Lanes and many award-winning restaurants and boutiques, with the seafront and Brighton Palace Pier only being a short walk.
The business is located in a ground floor, double fronted retail premises extending to approximately 213 square metres and briefly comprising, bright and well-presented seating area in the main area with a selection of quality fixtures and fittings to cater for 30 covers. The main service counter is located on the left-hand side of the premises and is very well presented with feature wall mounted menus, various product displays, with ample work surface areas and a range of catering equipment, along with customer service / till point with W/C area that can be found to the rear of the premises.
The premise has been well maintained to an excellent standard and can be found in true turn key condition.
We are advised the business is being sold on a Leasehold basis with 4.5 years remaining on the Lease, the rent is £50,000 per annum. The landlord is happy to agree to a new 10 year lease.