Established Tea Shop in Birmingham

Birmingham, West Midlands
REF: 05387

Asking Price:
£109,000
Annual Turnover:
£158,000
Annual Net Profit:
TBC
Recently Sold
REF: 05387
Photo of Established Tea Shop in Birmingham
Photo of Established Tea Shop in Birmingham
Photo of Established Tea Shop in Birmingham
Photo of Established Tea Shop in Birmingham

Overview

Tenure:
Leasehold
Established:
4
  • High footfall location
  • Alcohol licence
  • Loyal customer base
  • 5 Star Hygiene rating
  • Vintage company van included

The current owner has successfully run the business since 2014 and it has continued to thrive year on year. This well-established shop is popular amongst local inhabitants for serving tea and freshly cooked food for its customers.

The business is located at a high street area that attracts heavy footfall, bringing in more customers. It also operates a popular website, has a large social media presence and has acquired the TripAdvisor Certificate of Excellence.

This is an excellent opportunity for a new buyer to obtain a well-managed shop with the potential for growth.

This business specialises in organising memorable vintage tea parties for all occasions including weddings, birthday parties, baby showers and hen parties.

They also provide custom made home accessories and exquisite vintage china to delectable food and flowers. By extending their services to include complete afternoon tea parties as well as catering and offering delivery services, the business has earned a wider customer base and a respectable reputation.

The attentive staff ensures customers leave with an enjoyable experience.

Inside of the shop customers are presented with several tables and a seating area. The shop also has a fully fitted kitchen and appliances. The shop also consists of a small storage room and includes toilet facilities for the use of both customers and staff.

This company has strongly benefitted from advertising its products and upcoming events on their popular website.

Intelligent Business Transfer are delighted to manage the sale of a well-established business that has grown over the years and it has built a profitable platform for itself. This has allowed the business to obtain a high annual turnover of £158,000.

This company is suitable for both new and experienced buyers looking to take on an already thriving establishment to maximise its potential.

There are many ways that a new buyer could help grow the company further.

A great opportunity would be to increase the opening hours, remaining open on evenings as well as trading on Sundays and Mondays would greatly increase the sales potential and invite a wider number of customers.
Expanding their party range to cover more occasions such as funerals, engagement, graduations, and anniversaries could increase the customer base and retain current customers. Expanding the china hire service would also be beneficial.

The business could also benefit from an aggressive advertising campaign including the introduction of utilising a strong social media presence and organising leaflet drops. By presenting a customer loyalty scheme would also aid growth by encouraging repeat custom.

The current owner has provided a potential buyer with the opportunity to acquire a unique business that is only up for sale due to health issues. The owner is willing to stay on for the transition period to guide the buyer and familiarise them with the business.

Intelligent Business Transfer are searching for a suitable buyer.

Location

Property

Annual Rent
£10,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

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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