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Newly Fitted Tea Room Ramsbottom

Bury, Manchester
Leasehold Price:
£80,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
237886
Reference
6674 / Rightbiz

Details

    Popular Village Location

    Annual Turnover £90,000

    Low Rent For Area

    Newly Fitted Throughout 2018

    Currently Short Opening Hours

    Seating For 23

    Managed By Staff

    Excellent Online Reviews

    Superb Reputation

    Free Parking In Immediate Area

    Highly Sought After Location

    Website Included

    EPC - F

Description:
REF 6674 – Leasehold Newly Fitted Tea Room
Blacks Business Brokers are pleased to bring to the market this leasehold tea room located in the busy town centre of Ramsbottom, Bury.

INTRODUCTION
Tea Atelier has been trading on Bridge Street since February 2018. Our client established the business here due to the high amount of footfall in this bustling and popular area. The café is already well known and has a good reputation with a large base of regular customers. Excellent reviews are noted on Trip Advisor, Google and Facebook and our client has established a strong online following via social media channels.

LOCATION
The business is positioned on a busy main road in the heart of Ramsbottom centre. The area is filled with a range of independent businesses such as hair salons, eateries and shops as well as large multiples such as Morrisons and Tesco. The area is well linked by the M66 with good public transport links and free parking is available in the immediate vicinity. Ramsbottom is densely populated residentially yet also attracts a large number of visitors due to a busy steam train station, specialist markets and picturesque surroundings.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business is managed mainly by staff and therefore is now offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a fifteen year lease which began in 2017 at a cost of £231 per week.

STAFF
The business is currently operating with four members of staff in employment. Our client and partner are not involved with the day to day running of this business.

FINANCIAL DETAILS
Tea Atelier has traded well during it’s first year. We are advised that the business currently has annual turnover of £90,000. Full financial details are available upon viewing.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This leasehold business occupies a superb trading position in a busy area of Ramsbottom. There is plenty of scope to develop the business further with additional seating within the function room or a strong marketing drive for customers to use this space for small private events. This may be something other local businesses could be interested in for working lunches and training events. There is also potential to change this to a bistro and open during the evenings and put an alcohol licence in place. This proposition would ideally suit an owner operating team – this would increase profit margins further and a new hands own owner could really push the business forward, building upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
Tea Atelier operates from a beautifully presented mid terraced property within a parade of shops and businesses on Bridge Street. The business has classic branding displayed above a matching, fully glazed frontage. Inside, the main dining area offers seating for around 23 and is presented to a very high standard with bespoke wooden wall displays, free standing tables and chairs and servery/counter to the rear. The kitchen is positioned to the rear of the servery and is fitted commercially.

The first floor of the business comprises of a stock area, customer toilet and function room – this could be used for additional seating if preferred.

Our client invested heavily in a full refurbishment in early 2018 and this shows throughout the business with new flooring throughout, air conditioning, décor and so on.



Fixtures & Fittings:
Front Room
Counter
Coffee Machine
Grinder
Boiler
Water Filter
Sink
Shelves
Till
Book Shelf
Trolley
Air Conditioner
Tables x 3
Chairs x 7
All Lighting
Picture Frames

Back Room
Table x 4
Chairs x 12
All Lighting
Picture Frames
Air Conditioner x 1

Kitchen
Stainless Steel Worktops
Sink
Fridge Freezer
Fridge
Chest Freezer
Food Warmer
Rice Cooker
Food Processor
Steamer
Hub Oven
Shelves
Microwave
Toaster x 2

Upstairs Room
Long Table
Chairs x 4
Welsh Dresser
Bookshelves x 2
Air Conditioner x 2


Opening Hours:
MON - SUN: 10:00 - 16:00


Weekly Rent:
£231 Per Week.
Listing Details
Leasehold Price: £80,000
Tenure: Leasehold
Sector: Tea Rooms, Cafes
Financials
Annual Turnover: £90,000
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