Delicatessen, Sandwich Bar and Tea Rooms

Thirsk, North Yorkshire
REF: 03446

Asking Price:
£120,000
Annual Turnover:
£312,000
Annual Net Profit:
TBC
Recently Sold
REF: 03446
Photo of Delicatessen, Sandwich Bar and Tea Rooms
Photo of Delicatessen, Sandwich Bar and Tea Rooms
Photo of Delicatessen, Sandwich Bar and Tea Rooms

Overview

Tenure:
Leasehold
Established:
2005
  • Well Established Business
  • Fully Equipped
  • Walk in Condition
  • Fully Staffed
  • Excellent Online Reviews

The leasehold business occupies a two-storey Grade II listed building on the market place. The original structure dates from approximately 400 years ago and is of a traditional brick construction with a tiled, pitched roof.

The building has excellent window area both to the front and side, with a good number of signs facing in both directions.

The interior has been renovated and redecorated by the current owners. The Tearooms are positioned on the first floor and have 40 covers spread over two rooms. Downstairs offers a further 10 covers situated in between the Delicatessen and Sandwich Bar areas of the shop. There are two entrances to the shop to the Deli and another to the Sandwich Bar. The stairs to the first floor are to the rear of the shop.

The leasehold business is for sale for only the second time in over thirty years, the current owners having operated the business for over 11 years. It has three points of sale, all of which have an excellent reputation for quality and service.

The current owners insist on the use of fresh produce, where possible locally sourced and offer hand-made dishes in the tearooms and sandwich fillings created on the premises. The tearooms are open for breakfast, lunch and teas. The sandwich bar provides takeaway breakfasts and lunches as well as hot and cold drinks. The delicatessen offers freshly baked bread from a local baker and a wide range of cheeses, biscuits and preserves.
The owners and staff have developed a strong relationship with their regular customers, who are the strength of the business year-round, but also see a great deal of tourist trade from spring through to autumn. The town is very popular with overseas tourists who come to visit the home of James Herriot and visit the town’s two museums.

Intelligent Business Transfer is delighted to be able to offer this wonderful opportunity to purchase a well-established business with lots of local and tourist trade.

The present owners operate Monday-Saturday with opening hours within the 7am – 5pm range. (The Deli 8am-5pm, the Sandwich Bar 7am-3pm, the Tea Rooms 9am-4pm).

There is significant scope to extend the days and range of opening hours to increase business, which will be further assisted by the Sowerby Gateway development bringing more residents into town. It is estimated, for example, that opening on Sundays would increase turnover by at least £20,000.00 per year. Further expansion of business operations could see the development of external catering services, delivery services and online presence.

Further, full-time working owners, would recoup approximately £12,000.00 on the current wage bill (this opportunity is no longer exploited due to the poor health of one of the current owners).

The business is the ideal opportunity for first-time buyers or more experienced operators. The owners are prepared to provide assistance during the handover period to facilitate the transition to new management/ownership.

The business is offered for sale on a leasehold basis. The current rental value is £25,000.00 per annum with a rent review every 5 years. All other terms of the lease are to be negotiated.

Location

Property

Annual Rent
£25,000
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
This business does not require an EPC

Financial & More

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

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