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Tuesday 24th of Oct 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£15,000

Traditional Tea Rooms In Great Trading Location Premium Advert

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Reference13967 i / RightBiz
Status
FOR SALE
Advert ID198209
LocationRomsey, Hampshire
SectorCafes, Tea Rooms
Leasehold Price£15,000
Annual Turnover£36,000
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Key Features
  • Price Reduced
LOCATION
The Tea room is located on Bell Street, Romsey, Hampshire.

The traditional tea room overlooks the Corn Market where there is a popular open market held 3 times a week.

Romsey is a small market town, 7 miles north west of Southampton, 11 miles southwest of Winchester and 17 miles southeast of Salisbury. The business is less than 2 mins walk from the mainline train station and the town's bus station, large car park and new Aldi. Waitrose is directly in front of this businesses street.

Romsey is served by the A3057 which connects to the busy M3 motorway and south to the M27.

The town is now an affluent tourist destination as well as being an attractive place to live.

BUSINESS
Hilton Smythe are delighted to present to the market a charming tea room business with massive opportunity to double the current clients turnover.

Having been in our clients’ hands for 3 years the Tea room was developed to run alongside and complement our clients’ main business the Daisy Cake Company.

The business offers a simple menu of drinks, cakes, soups, toasted sandwiches, cream and afternoon teas with 18 covers however the potential of this business is to extend the current menu to include more savoury choices, increase the takeaway coffee and food side as well as establish a local delivery service which is now in immediate demand since the other local cafe business closing due to retirement.

We also feel adding some outside catering would best utilise the large lower ground kitchen currently used for cake production.

Our client is selling due to the expansion of the cake ordering side and would be happy to supply a range of the current cakes to any new buyer.

The cafe serves its drinks and food on lovely vintage crockery and cake stands which will be included in the sale.

Our client is happy to offer a handover period to assist with the smooth transition of ownership.

PREMISES AND EQUIPMENT
Mid parade premise circa 65sq m. Very attractive frontage.

Single ground floor cafe area with 18 covers using pretty painted chairs and tables in a vintage English look and decor and includes display dresser, air con unit and gas central heating.

A large front window overlooks the attractive town square. 5 x tables, table cloths,18 chairs, pink and white dresser, drawers, hung menu board and magazine rack.

A bespoke solid built counter includes all cafe crockery, cutlery, a rented coffee machine and grinder, till, card machine, under counter fridge with lots of storage shelves, cake stands, hand wash basin and electric water boiler.

A spiral staircase accesses the lower ground kitchen.

Kitchen - twin stainless steel commercial sink unit, staff hand basin, panini grill, toaster, washing machine, fridges and freezers, 2 x prep tables and 1 x large stainless steel prep bench.

Office area.

TENURE
We are advised Leasehold.
The original lease length is 5 years, with 2 remaining as of 2017, which is fully renewable by the landlord.

Annual rent £13,112.

Full small business relief with no rates paid.

HOURS
The business is currently run to suit our clients’ other business with some days closed.

The business is able to open 8am-6pm mon to sat with normal 10-4 Sunday trading hours.

This has been restricted due to the building also housing a residential let accommodation to the first floor.

STAFF
4 staff for the 2 businesses but only 1 full time and 1 part time work in the Tea room.

FINANCIAL PROFILE
Turnover currently £36,900 which is half of the entire business with Gross profit of £30,000.





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