Vintage Tea Room

East Riding of Yorkshire, East Yorkshire
REF: 01126

Asking Price:
£24,995
Annual Turnover:
£60,000
Annual Net Profit:
£17,500
Featured
Recently Sold
REF: 01126
Photo of Vintage Tea Room
Photo of Vintage Tea Room
Photo of Vintage Tea Room
Photo of Vintage Tea Room

Overview

Tenure:
Leasehold
Established:
2010
  • WT: £1250+
  • Forecasted NP: £15,000
  • GP: 60%
  • Ideal for Owner Operation
  • Viewing Essential

An outstanding opportunity to purchase a profitable business that has lucratively filled a gap in the local market. The business has growth quicker than initially expected and offer exciting potential.

The property that the business trades within has benefitted from tangible investment from the current owner and is now in fantastic condition.

The double fronted parade unit has been in use as a cafe for over 50 years and is instantaneously recognised locally. The cafe is entered through a single doorway ion the right hand side of a smartly presented shop front.

This leads to an open plan serving and waiting area which facilitates takeaways and preparation for the seated cafe. To the rear of this is a high quality kitchen.

The seating area of the business is exceptional and is a credit to the current owner. This room comprises around 40 covers within ornate fixtures that create a quintessentially british atmosphere that is adored by guests.

Overall the property is in sound condition and has surplus space for storage and development.

Intelligent Business Transfer are delighted to offer to the market this substantial business opportunity which has been offered for sale due to the planned emigration for its current owner.

The business is tea room cafe selling a variety of home made and individually sourced produce, from hot sandwiches to cold drinks and afternoon tea. The property that the business is based within has recently undergone an extensive refurbishment and is very aesthetically pleasing with a traditional vintage British decor.

The current owner has been trading in the business for a year and has successfully filled a gap in the local market, the business has been trading as a cafe for over 30 years.

The business is currently opening on 6 days a week and is closed sundays. It also holds a full alcohol license and holds private functions. The business is well fitted to an excellent standard with all fixtures and fittings necessary to included in the sale.

The layout of the business is both practical as well as spacious, there is a competent team of casual staff available who live local to the cafe.

The business has a growing financial record with consistent turnover figures, these are on the increase and are currently over £1000 per week with Net Profits being over 20%.

This quirky 1940’s tearoom that follows the theme of royal family is number 1 on tripadvisor for restaurants in Hessle with 5 star food hygiene ratings.

The business would be ideal for a couple or partnership who can fully maximise the potential on offer for this business.

The owner is currently looking to sell as she will be moving to Australia. The success of the business has happened a lot quicker than expected and the condition and standard of the business is an absolute credit to the founder who is selling with reluctancy.

Viewing is essential.

Priced for an efficient sale.

Location

Property

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

Financial & More

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