Property photos
Business
Retirement
£115,000
Restaurant for sale
Wokingham, England, United Kingdom RG40Local area information
Property location
Nearby amenities
- Keep Hatch Primary School 0 miles
- All Saints CofE (Aided) Primary School 0.1 miles
- Wokingham 0.9 miles
- Winnersh 2.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Wokingham to find out more about the local area.
Features and description
Business
Please quote reference B08424
Cogogo presents a unique opportunity to acquire a well-established and profitable business comprising a Bengali takeaway and bubble tea shop in the bustling town of Wokingham.
Having operated successfully for over five years, the business enjoys an outstanding reputation, reflected in its glowing reviews and ratings. Whether you're an aspiring entrepreneur or a seasoned investor, this dual-concept business offers excellent growth potential and a strong customer base.
Situated in the heart of Wokingham, the premises benefit from high visibility and footfall. The convenient location ensures easy access for both customers and delivery services, further bolstering its popularity.
The premises are leased under a favourable agreement with approximately 19 years remaining on the lease. Recent renovations have enhanced the shops' aesthetic and functionality, though the upstairs area could benefit from refurbishment.
Key Selling Points:
Additional Notes:
The bubble tea shop will require rebranding upon sale; however, the seller is open to negotiating franchise options for an additional fee.
This is an exceptional chance to acquire a thriving and dynamic business in a growing market.
Location
Radhuni & Boba Bloom are located at 118 Ashridge Rd, Wokingham RG40 1PH.
Premises
The business occupies a prominent double-fronted premises, featuring a bustling takeaway on one side and a vibrant bubble tea shop on the other, both adorned with eye-catching signage. The interior offers ample space with indoor seating, a well-organised service area, and a functional kitchen, while the upstairs flat generates an attractive rental income of £30,0000 annually.
Tenure
This opportunity is being sold on a Leasehold basis with 19 years remaining on a 20-year lease.
The current rent is £1,680 per month. Notably, rental income from an adjoining flat of £30,000 per annum offsets the lease expenses, making this a financially advantageous arrangement.
Hours
The current operating hours are:
Monday Sunday - 5:00 pm to 10:30 pm
Staff
We are advised there are 3 staff members across both businesses.
Financial Profile
We are advised that the businesses generated a combined annual turnover of £330,000, with Radhuni generating a turnover of £200,000 and Boba Bloom generating a turnover of £130,000.
Full financials can be made available upon request.
Please quote reference B08424
Cogogo presents a unique opportunity to acquire a well-established and profitable business comprising a Bengali takeaway and bubble tea shop in the bustling town of Wokingham.
Having operated successfully for over five years, the business enjoys an outstanding reputation, reflected in its glowing reviews and ratings. Whether you're an aspiring entrepreneur or a seasoned investor, this dual-concept business offers excellent growth potential and a strong customer base.
Situated in the heart of Wokingham, the premises benefit from high visibility and footfall. The convenient location ensures easy access for both customers and delivery services, further bolstering its popularity.
- Established: Over 5 years
- Activities: The business operates as a Bengali cuisine takeaway and bubble tea shop, catering to diverse culinary preferences.
- Staffing: A skilled and dedicated team of 3 employees ensures seamless daily operations across both units.
- Reason For Sale: The current owners are seeking to explore other business interests and are planning for retirement, creating this excellent opportunity for a new owner to take over.
- Growth Potential: Ample scope exists to expand the business through extended trading hours and enhanced advertising campaigns.
The premises are leased under a favourable agreement with approximately 19 years remaining on the lease. Recent renovations have enhanced the shops' aesthetic and functionality, though the upstairs area could benefit from refurbishment.
Key Selling Points:
- Established for over five years with a loyal customer base
- Excellent reviews and reputation in the local market.
- Dual income streams: Takeaway and bubble tea shops.
- Rental income significantly contributes to operational cost savings
- Recent renovations with scope to further develop the property and business.
- Prime location in Wokingham with consistent foot traffic.
Additional Notes:
The bubble tea shop will require rebranding upon sale; however, the seller is open to negotiating franchise options for an additional fee.
This is an exceptional chance to acquire a thriving and dynamic business in a growing market.
Location
Radhuni & Boba Bloom are located at 118 Ashridge Rd, Wokingham RG40 1PH.
Premises
The business occupies a prominent double-fronted premises, featuring a bustling takeaway on one side and a vibrant bubble tea shop on the other, both adorned with eye-catching signage. The interior offers ample space with indoor seating, a well-organised service area, and a functional kitchen, while the upstairs flat generates an attractive rental income of £30,0000 annually.
Tenure
This opportunity is being sold on a Leasehold basis with 19 years remaining on a 20-year lease.
The current rent is £1,680 per month. Notably, rental income from an adjoining flat of £30,000 per annum offsets the lease expenses, making this a financially advantageous arrangement.
Hours
The current operating hours are:
Monday Sunday - 5:00 pm to 10:30 pm
Staff
We are advised there are 3 staff members across both businesses.
Financial Profile
We are advised that the businesses generated a combined annual turnover of £330,000, with Radhuni generating a turnover of £200,000 and Boba Bloom generating a turnover of £130,000.
Full financials can be made available upon request.
More information
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