Traditional Tea Room in Tyne & Wear

Whickham, Tyne and Wear
REF: 03272

Asking Price:
£19,995
Annual Turnover:
£50,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 03272
Photo of Traditional Tea Room in Tyne & Wear
Photo of Traditional Tea Room in Tyne & Wear
Photo of Traditional Tea Room in Tyne & Wear
Photo of Traditional Tea Room in Tyne & Wear

Overview

Tenure:
Leasehold
Established:
2013
  • Wide and varied menu
  • 5* star hygiene rating
  • Trip Advisor Certificate of Excellence 3 years running
  • External catering service
  • Potential for growth

This is an incredible opportunity to acquire a thriving tea room business which has provided a wide range of authentic and delicious food and drink to its local area since it began trading in 2013. Functioning from a prime location, the business has amassed a large customer base and experienced consistent yearly growth.

Having cemented a solid reputation as an eatery, this business has generated a high annual turnover by keeping low overheads. A new owner is presented a profitable platform which is primed for additional growth.

This owner-operated business offers a wide range of breakfast and lunch foods which include a selection of panninis, jacket potatoes, soups, salads and sandwiches. It also offers hot and cold drinks. Reasonably priced, the business has successfully grown to include a takeaway, private hire and external catering service, all of which has proved popular with locals.

Functioning from a single storey building, the premises features large exterior signage as well as steel shutters to the front and rear entrance for security. Internally, the business is comprised of a spacious seating area on the ground floor with a serving counter to the rear. Steps behind the counter lead up to a food preparation area which includes a well fitted and equipped kitchen.

Decorated in bright colours with high end fixtures and fittings, the business maintains a clean and tidy environment and has acquired the TripAdvisor Certificate of Excellence as well as a 5 star hygiene rating. Having grown organically through word of mouth recommendations, the business has minimal advertising in place and currently only manages a Facebook page.

Intelligent Business Transfer are pleased to offer for sale a well established tea room, situated in a convenient and popular location which has attracted much patronage for its delicious menu range and excellent customer service. Established in 2013, the current owner took over operations last year and continued to cater for the locals, successfully generating an annual turnover in excess of £50,000.

A new owner is presented with many opportunities to grow this business. Increasing menu options and serving hot food would appeal to more customers and extending business hours could allow the business to provide evening meals, effectively bringing in a wider base of customers.

Also, establishing a website and increasing advertising by running social media campaigns for a new food or drink would successfully increase the customer base and a new owner could also look to offer the catering service to more businesses and companies, to guarantee repeat patronage and a steady stream of income.

Intelligent Business Transfer have been tasked with finding a suitable buyer who will look to maximise the potential that this business presents. With strong foundations set, this is a brilliant opportunity for a first time buyer looking to step in with little effort and hit the ground running.

Location

Property

Annual Rent
£8,400
Annual Rates
TBC
Lease Term (Years)
2
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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