Tea Room Restaurant Confectionery Shop Herefordshire | | Kington Herefordshire | | Phoenix Business Transfer Agents are delighted to place onto the market this exceptional and very well presented high street Tea Room and Restaurant, with the added benefit of a front-of-house confectionery business. The business has been in the hands of the current owners since 2008 and has been established within the town since the 1940’s. Regrettably the owners wish to sell the business due to personal family circumstances. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 55891
ADVERT IMPRESSIONS : 10,520 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | FREEHOLD: | £239950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The particular highlights of the business are:
• Incredibly well established, the shop has been trading since the 1940’s!!.
• Well established client base and increasing turnover.
• A very traditional easily managed business offering exceptional future development.
• 3-bedroomed private accommodation over two floors.
• An excellent opportunity for a husband/wife team.
• The business offers excellent income and investment.
• The business is being sold with the added benefit of the FREEHOLD.
Services
The business is predominantly a Tea Room and confectioners, offering occasional restaurant services. The business offers seating for 35 guests over two floors, offering freshly prepared cakes, light lunches, tea/coffee, afternoon refreshments, home cooked specials board. The main entrance to the tea room is through a very well stocked, traditional and beautifully presented confectionery shop.
Staffing
The concern employs 2 additional part-time staff in additional to the owners full time role.
Owners Role
The owners’ role is very much full-time and hands-on, working full-time within the business.
Marketing
The business benefits from strong repeat local business yet actively promotes itself through a recently developed web site. The business has won admission into several different tourist guides and ‘good food’ publications, and generates healthy tourist business through this medium. In addition, local advertising of ‘speciality evenings’ attracts local clients.
Competition
The town offers several similar types of coffee shops and cafes, but this business is presented and trades in a manner that differentiates itself from these businesses.
Market
The business benefits from a central location with high levels of passing trade. It has of course been serving the local community since 1940 and is extremely well established.
Opportunities
The concern has potential. In particular the turnover and profits can be increased by:
• Increase the trading hours.
• Increase the staffing levels to accommodate additional levels of business.
• Open during the evenings and offer late night eating/dining.
• Offer a take-away service daytime and evening.
• Introduce alcoholic beverages (subject to obtaining the relevant licenses).
• Offer private functions and parties.
• Develop a bespoke web site for speciality confectionery sales.
• The speciality evenings are very successful and the business would benefit from increasing the number of evenings offered per month.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Recent Independent Review
We always stop at The Chocolate Box for either a coffee or light lunch, when passing through this quirky town. Good honest food with attentive service in this tiny oasis. You first have to run the gauntlet of passing through their chocolate shop filled with truffles, specialist chocolates and shelves laden with sweet jars remembered from years gone by, by us of a certain age. Once a month Tina prepares an evening 'themed’ feast. The last one we went to at Christmas was a 7 course delight and this month we enjoyed a 'Caribbean’ evening which spilled out to the patio at the rear and upstairs. 3 courses of delicious, varied dishes all complimented with assortments of local (to the Caribbean) vegetables and chutneys. Remember to take your own wine. Set menu, set price and very reasonable. Do book for these special evenings or the locals and fans 'in the know’ will pip you to the last chair.
Property Details
The property is centrally located on the high street and is being offered FREEHOLD. The property is spread over three floors, with the business trading on the ground floor and half of the first floor. The owners private 3-bedroom accommodation is spread over the upper two floors.
The ground floor accommodates the confectionery shop to the front of the premises and the tea rooms to the rear. There is the catering kitchen, a guest toilet, store room, and rear door leading to a private courtyard. A large cellar is accessed via a staircase in the kitchen area, and is ideally located for cool storage purposes.
A stair case leads to the second floor and enters the additionally provided tea room/restaurant. There is also another kitchen located on this floor (currently used by the owners as their private kitchen). There is a large sitting room to the front of the premises, and a private bathroom to the rear.
A stair case leads to the second floor, where there are three double bedrooms (one en-suite).
To the rear of the property there is allocated parking for one vehicle.
The property is being offered FREEHOLD.
Equipment with sale
All fixtures, fittings and equipment are included within the sale price. An inventory will be made available prior to sale. Some personal items may be removed by the current owners.
Financial Details
The present turnover is in excess of £80,000 per annum with a strong gross and net profits. These figures are representative of previous years and demonstrates year-on-year consistent trading. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Saturday – 09.00 to 17.00 hrs.
Closed Wednesday afternoons and Sundays.
On a Friday the business remains open until 21.00 hrs.
Tenure
The premises are being offered FREEHOLD.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £239,950
Ref: 1842DC | | | | | | FOR SALE | | | | | REFERENCE: | 1842DC / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
