For Sale

Coffee Shop Franchise Opportunity

Horsham, West Sussex

£89,995 +SAV

Ref: 14287 J

Contact sales negotiator

James Cunliffe

01204 556 300

Email James Cunliffe

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Description

Hilton Smythe are delighted to offer to the market the Mangobean coffee shop franchise to the open market. Established by our clients in 2015 and now reluctantly offered for sale due to ill health.

Mangobean is 1 of the UK's fastest growing coffee franchise companies with over 100 sites in the south and now rapidly expanding in the north and aim to be the forth largest High Street coffee chain.

They offer full Franchise support from full sore design, install, equipment, training, systems, marketing and business support. Our clients invested £140,000 to set this franchise business up and trading for less than 3 years old, are been very realistic with the asking price and looking to achieve some of their capital investment back.

Mangobean coffee shops offer ethically sourced coffee beans which are roasted in store. They sell award winning pastries, desserts and cakes, waffles, handmade sandwiches, smoothies, fresh juices and iced coffees.

Currently 60% of sales are eat in and 40% take out, the average spend is £5 per head and the healthy mixture of customers include local office workers, shoppers and local residents.

Due to the large terrace outside the business enjoyed a 25% uplift in sales, there is also an option to add an additional seating area around the tree in the busy square in front.

Our clients have secured a short-term lease with a gaming company who will be using the unused area to the first floor paying £1,200 pcm. The extra footfall will also massively effect the current sales levels.

Agreed handover offered.

Tenure

Leasehold

We are advised Leasehold.
Original lease length is 10 years
As of 2017, 8.5 years remain.

Rent is £23,000 per annum
£14,400 from upstairs rental income.

Hours

The business opens:-

Monday to Friday 8.00am – 4.00pm
Saturday 9.00am – 5.30pm
Sunday 10.00am – 4.00pm

Staff

Husband and wife team completing full time hours between them, plus 5 part-time members of staff.

Financial Profile

As of the 2016 accounts, the business reports turnover at £50,372 with gross profit at circa 55%.

Location

Mangobean coffee shop occupies a highly desirable trading position on Bishopric which sits at the top of the shopping high street in central Horsham, West Sussex .

Horsham is a market town on the upper reaches of the river Arun on the fringe of the Weald in West Sussex. The town is 31 miles south west of London, 18.5 miles north west of Brighton and 26 miles north east of the county town of Chichester. The nearest main town is Crawley.

Horsham lies at the junction of 3 main routes with the dual carriageway A24, A264 which link Horsham to Crawley and the M23 motorway and A29 to the west. Gatwick airport is only 14 miles north of the town and train journey from the nearby train station take only 17 mins.

There are several large shopper carparks within 5 mins of the business. Also, the main high street and Swan Walk shopping centre and historic market square and bandstand and array of restaurants and bars. The shop will face the new cinema complex and large Apple Store due to start development very soon which will double current footfall to this part of the town.

Premises

External - outside terrace with 10 covers, potential to add further 12.

Internally
Selection of high and low-level seating with 28 covers,
Love nest sitting area for 2
Customer toilet with disabled friendly access,
Central service counter,
Rear store area,
Office.
Access up to first floor

First Floor
Same size as ground floor space and includes large open plan area,
Separate Ladies and Gents toilets,
Office / store room,
Second storeroom.

Equipment list -
2 group Faema E98 espresso machine 1
Mazzer Supper jolly mini grinder 1
CTU/filter 1
Waffle machine 1
Under counter fridge 150 ltr (850x 600 x 620) H/W/D 1
Under counter freezer 170 ltr (832 x 593 x 620) H/W/D 1
sandwich display fridge upright (1970 x 880 x 600) H/W/D 1
One shot ice cream yogurt machine 1
Sink unit Mangobean bespoke 1
Knockout box built under-counter (fracino, tilting) 1
Class countertop show case own built curved glass 1
Display baskets & shelving 1
POS epos system 1
A001 Standard Fahrenheit thermometer (1" dial 5" probe) 2
A004 Long thermometer clip 2
A010B Stainless Steel - MOTTA Jug - 75cl 2
A010C Stainless Steel - MOTTA Jug - 100cl 2
A011 Stainless steel cocoa shaker 2
A013A 2oz lined shot glass (single) 4
A014 Chrome mini whisk
A015 Stainless steel milk spatula 2
A031 Squirty bottle (35cl/12oz)
A033A Digital shot timer 1
A021A Cafelat tamp mat - flat 1
A035 NEW STYLE Black SB Syrup Pump 20
A036B Sweetbird wire five bottle display stand
A047 Long handled latte spoon (411BLET)
A048 Tea spoons (411ET)
A049 Espresso spoons (411BCS)
A050A 28g Chai Latte Portion Scoop
Steel cream whipper 1 litre 1
replacement nitrous oxide gas charges 10 pack 1
Barista Kit - with 58mm flat tamper 1
BB901 Byron Bay Jars 3
12 oz Conic latte / choc /glass 18
12 oz lips cups (cap/tea) 18
12oz moustache cups (cap) 18
250ml lips cups (flat/tea) 12
250 ml moustache cups 12
Saucer for cups 60
90ml bowl cup (esp) 12
90 ml saucer 12
Teapot with infuser 6
Tea Rack 1
Selection of bowls and plates
Stanless steel forks, knives, teas spoons, latte spoons, desert forks
Selection of knives
Chopping boards
Microwave 1
Microvave combi oven 1
Oven and stand 1
Air conditioning Units 2
Toaster
All lighting

Indoor Furniture
Low level tables 2
Tables 5
2 Seater sofa 2
Arm chairs 4
Chairs 16
Bench High Chairs 4
Baby High Chairs 2

Outdoor furniture
Tables 3
Chairs 10
Posts 3
Barriers 2
A Boards 2
Chalk Board

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