| (REF: R2848) Most Attractive Cotswold Stone Tearooms |
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| Seller Reference: |
R2848 |
| B4S Reference: |
29269 |
| Asking Price: |
£79,500
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£78,000 |
| Number of Staff: |
2 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Gloucestershire, South West England, United Kingdom |
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Nationwide are pleased to offer to the market : Outstanding opportunity to acquire a most attractive Tearooms catering for teas, coffees, snacks, light lunches plus Sunday roast in winter time. In our opinion there is potential to obtain a Restaurant Licence for wines, beers and spirits, if desired.
ATTACTIVE SINGLE FRONTED TEAROOMS fully carpeted, ceiling with inset lighting plus wall lighting. Quality tables and chairs providing seating for 29 persons and the business has the advantage of a rear paved coutyard with tables and chairs providing seating for an additional 12 persons. Welsh dresser plus 1 small additional dresser.
Rear waitress area with non-slip floor, electronic cash register, 1 group automatic coffee machine, Lincat hotwater boiler, worksurface with sink, dishwasher, fridge.
Adjoining compact kitchen, fully equipped including 4-burner electric hob, electric oven, 1 domestic plus 1 commercial microwave oven, 4-slice toaster, griddle, upright glass fronted fridge, sink and drainer.
Large cellar with 2 chest deep freezes
WE ARE INFORMED the turnover averages £1,500/£1,600 p.w. in our opinion offering tremendous potential for further increase in the right hands. We understand the minimum winter turnover is between £800/£1,000 p.w. increasing in the summer months to in the region of £1,900/£2,000 p.w. Gross profit 70% approx. We understand that the previous owners accounts year ending 31st March, 2010 showed sales of £61,638 with a gross profit of £49,735.
We understand the premises are held on a secure renewable lease, the present lease expiring in 2019 at a current rental of £16,500 p.a. exclusive of rates. We understand the rent reviews are every 4 years.
Uniform Business Rates: £4,035 p.a.
EPC Grade D (90)
OUTSTANDING OPPORTUNITY TO ACQUIRE THIS ATTRACTIVE TEAROOMS IN THIS SOUGHT AFTER COTSWOLDS TOWN. IN OUR OPINION THIS BUSINESS IS AN IDEAL HUSBAND AND WIFE CONCERN.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
First Floor
Large Lounge with fitted kitchen
Large Bathroom with bath, w.c. and wash hand basin
Second Floor
2 Large Double Bedrooms (1 with large wardrobe whilst the other has fitted wardrobes plus wash hand basin)
Attractive paved courtyard with tables and chairs providing seating for 12 persons
Ladies and gentlemens cloakrooms each with w.c. and wash hand basin |
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Location: |
Situated in a terrace, GLOUCESTERSHIRE. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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March - September - 10.30 a.m. - 5 p.m. seven days per week
Winter months i.e. September through to March - 10.30 a.m. - 4.30 p.m. seven days per week |
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At present operated by a husband and wife team with the assistance of 1 full time waitress plus 2 part time waitresses. |
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