| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 10,734 TIME(S)
BUSINESS REFERENCE : 10290 / RightBiz LEASEHOLD TEA ROOM & RESTAURANT FOR SALE IN OXFORDSHIRE | | | | | | Tearooms / Restaurant Oxfordshire T/O: £286,000 GP 75%. 104 covers. Run on hours to suit so excellent scope to increase turnover | | | BUSINESS LOCATION: | Undisclosed Oxfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Tea Rooms & Coffee Shops | | SALE: | Agent Sale | LEASEHOLD: | £235,000 + SAV | ANNUAL RENT: | £28000 | | | | | | | | | | | BUSINESS DETAILS: | Location
The Henley Tea Rooms occupy a prime trading location on the river bank overlooking the Thames. The area boasts natural beauty, good schools, excellent shopping and leisure facilities and strong road links in to central London, Reading and the City of Oxford, making this area ideal for commuting.
Business History
Bag a Business is delighted to offer to the market this quality tea rooms/restaurant in Oxfordshire. It is located in a very sought after position overlooking the River Thames and is only now being offered to the market due to our client's family commitments. The business has been in the careful hands of our client since 2003, during which time it has been refurbished and has built up an enviable reputation throughout the area. Currently the business has an annual turnover in the region of £286,000 with a gross profit of 75%. The business, which boasts a 104 cover restaurant, enjoys all year round trade, especially in regatta week, due to its position in one of the most popular tourist areas. Our client currently runs the business on hours to suit due to his family commitments, therefore offering huge potential for a new owner to extend the trading hours and offer a restaurant facility in the evenings. Bag a Business strongly recommend early viewing to fully appreciate the quality and the future potential it offers to increase the turnover and profits.
PROPERTY DETAILS
Ground floor, period, brick built property, briefly comprising:
GROUND FLOOR
Front entrance leading to -
Open plan trading area
Sales desk
Coffee bar and cake displays
Ice cream parlour
Main trading area with 104 covers
Pine tables and chairs
Carpeted and tiled flooring
Picture windows with curtains and tie backs
Views over the River Thames
Ladies W/Cs
Gents W/Cs
Disabled W/Cs
Fully equipped stainless steel commercial kitchen
Storage space and freezer room
EXTERNAL
Car park to the rear of the property
Rear yard with further storage
OPENING HOURS
Mon - Sat: 8.00am - 6.00pm
Sun: 8.00am - 4.00pm
FINANCIAL DETAIL
W/T: £5,500 approx
GP: 75%
TENURE
Leasehold
Original length: 15 years
Remaining length: 5 years
Review every: 5 years
Rent: £28,000 per annum | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 10290 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
