Franchise Ice Cream Parlour in Hertfordshire

Hemel Hempstead, Hertfordshire
REF: R07684

Asking Price:
£295,000
Annual Turnover:
£126,000
Annual Net Profit:
TBC
Reduced
REF: R07684

Overview

Tenure:
Leasehold
Established:
2016
  • Excellent reputation
  • Spacious premises
  • Well-equipped premises
  • Equipment included
  • Strong supplier relationships

An exciting opportunity has emerged to purchase a franchise gelato and ice cream parlour in Hemel Hempstead, Hertfordshire.

The menu offers a scrumptious combination of sweet treats, including sundaes, waffles, crepes, desserts in a jar, cookie dough, milkshakes, smoothies, hot drinks, cold beverages, and floats, alongside an almost dizzying array of gelato and sorbet flavours. Those with food allergies and intolerances are also catered for, with many tasty dairy and gluten free options available.

Situated in the town’s city centre, the parlour sits in the heart of a busy shopping centre which makes it a favourite pit-stop for local residents and visiting shoppers alike. As an entirely family-run business, including all part-time staff, the parlour has a consistently welcoming and friendly atmosphere. Providing space for an impressive 70 covers, the business operates from a colourful and massive premises that is very well-equipped and maintained, using only the highest quality décor and infrastructure. Customers also value the 5* hygiene rating and pristine cleanliness of the parlour. The business benefits from free rates until April 2021.

A huge shop frontage welcomes clients into the restaurant. Inside they can choose their order from a large display which showcases the many delicious items available. Below this is a premium glass ice cream display which neatly presents the extensive and colourful range of gelato flavours. Tables and chairs are of a superior standard and spread throughout the interior space. There is also a licence to place tables and seating outside in front of the shop. Customer WC facilities are available inside. Nearby there is an entrance to the well-equipped kitchen and preparation area. To the rear of the property is a loading bay. An office, staff room, staff WC, fuse and electrics cupboard, storage room with freezers, back up freezers, and cold room are also located nearby.

A substantial list of equipment is included in the sale which features all key items. A full inventory is available upon request and the property is run entirely on electric. A transition period of two weeks is available.

This is a brilliant opportunity to take on a thriving ice cream and dessert restaurant in a busy town centre retail district. It ideal for someone who is looking to own an eatery but would prefer the security of a franchise. Although the accounts show a loss on the profit/loss document, the current owner is happy to provide the personal takings register which shows in excess of £250,000. Despite operating as a franchise, the new owner will benefit from not owing any royalties to the franchisor, instead only being required to purchase stock from them. The business leases the property from a landlord who offers discounted rent that is dependent upon the annual accounts.

The business could be grown further, predominantly through offering a delivery service to the surrounding area, which would be particularly popular amongst younger clients. This could be done either in-house or by signing up to one of many popular third-party delivery apps, such as Uber Eats, Deliveroo, or Just Eat.

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  • Town centre location
  • Shopping centre location
  • High footfall
  • On-site car parking
  • Good transport links
  • Close to local businesses
Rent
£46,411
Rates
£26,400
Lease Term
15 years
Lease Expiry
11 1/2 years remaining. landlord has been doing reduced rent for them to circa 11,000 per quarter instead of 19k due to their losses.
Square Footage
TBC
Accommodation Included
No
Premises Licence
A3
Property Value
TBC
Planning
TBC
EPC
E 101-125

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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