Retail premises for sale

London, England, United Kingdom SE10

Business
Please quote reference B07470

Cogogo are delighted to welcome to the market Mammamade Limited, a highly rated ice cream parlour and dessert shop in the Greenwich area of London.

Mammamade Limited was first established by our client in 2019, building up an excellent reputation and repeat client base. As seen by the online ratings and reviews, the business is extremely popular within the local community.

The business has now come to the market due to other circumstances.

Mammamade Limited is an upmarket and trendy ice cream parlour that specialises in homemade Gelatos and Ice Cream. They also offer Crepes, Waffles, Fresh Cones, Milkshakes and even some savoury sandwich options.

The business enjoys great reviews online such as;

• “A great variety of flavours and they have bubble waffles too”
• “Amazing Italian style gelato, made with fresh ingredients“
• “Great ice cream overall, lemon and green apple flavour were exceptional“

Key selling points -

• A well established business with a burgeoning reputation and a growing number of regular customers
• Prime trading position in popular Greenwich, just around the corner from the O2 Arena
• Current owner happy to offer a handover to ensure the continued success
• A real opportunity to increase turnover and profits significantly, current owner has been running at a pace to suit due to personal issues
• Ideal owner managed or partnership business
• Perfect ‘bolt on’ to an existing ice cream manufacturer looking for a foothold in the capital.

Scope for further growth -

• Advertising and Marketing campaign
• Website ideally with gallery and online ordering facility
• Maximise the use of social media
• Extend the opening hours
• Introduce a delivery service, there is demand in the area

Location
Mammamade Limited is located on Pier Walk in Greenwich, London.

The business and area benefits from extremely high levels of footfall, as it's located just outside the O2 arena.

Premises
The business occupies bright, modern and generous premises ideally suited to the trade with seating areas inside and out.

Tenure
We are advised that the business is being sold on a leasehold basis, currently on a 10 year lease. The rent is £8,000 per quarter, with an additional service charge of £1,500 per quarter.

Hours
The current trading hours are -

Monday - Closed

Tuesday to Sunday - 13:00 - 20:00

Staff
We are advised that the business is run and managed by the owner, with the help of 3 part time staff members and casuals as and when needed.

Financial Profile
This business generated a turnover of £110,000. Further financials can be made available upon request.