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Well Established and Well Regarded Traditional Tea Rooms

Budleigh Salterton, Devon
Leasehold Price:
£95,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
242978
Reference
2101 / Rightbiz

Details

THE PROPERTY
The Cosy Teapot is a thriving and well-regarded daytime only traditional tea rooms and tea garden. The business offers a varied menu of breakfasts, morning coffee, lunches, light bites, cream teas and cakes and offers potential for incoming operators to purchase an attractive and highly sought-after business, with exceptionally low overheads and a thriving trade from both locals and visitors alike. These ground floor lockup premises have been purposely fitted and equipped and are presented to a high standard throughout in a traditional style, with a recently refurbished kitchen. Occupying a prominent trading position approximately 100m from the beach and with a prominent external seating area, the business briefly comprises:- Main Tea Room Seating Area comfortably seating 28 customers (with space for more if required); Brookside Trade Terrace to the front providing al fresco seating for a further 18 customers; newly equipped Catering Kitchen and Customer Welfare Facilities. The Cosy Teapot also offers potential for incoming operators to develop their own style of trade to suit their own personal requirements and take advantage of this impressive business in a prominent landmark trading position within a busy town centre and close to the seafront. The sale of The Cosy Teapot represents a unique opportunity to purchase a well established and well-regarded business with impressive levels of trade and profits and genuine potential to increase all aspects of the trade still further. 

SITUATION
The Cosy Teapot occupies a prominent trading position in the main street of the popular and attractive East Devon resort town of Budleigh Salterton, an extremely affluent town situated on the Jurassic Coast in an area officially designated as a World Heritage Site by UNESCO. The business occupies a delightful brookside setting just 100m from the main beach within the town centre. Budleigh Salterton is a delightful and popular coastal resort town situated in an area much renowned for its picturesque countryside, coves and beaches. With a resident population of approximately 5,000 which is boosted considerably by visitors to the town throughout the year and particularly during peak summer months, Budleigh Salterton also draws trade from the many nearby coastal villages, hamlets and towns. The town is situated around 12 miles from the City of Exeter with access to the M5 motorway which provides excellent communication links throughout the country. Budleigh Salterton is a particularly unspoilt and traditional coastal resort town. boosted considerably by visitors to the town throughout the year and particularly during peak summer months, Budleigh Salterton also draws trade from the many nearby coastal villages, hamlets and towns. The town is situated around 12 miles from the City of Exeter with access to the M5 motorway which provides excellent communication links throughout the country. Budleigh Salterton is a particularly unspoilt and traditional coastal resort town. 

INTERNAL DETAILS
With a large glazed character frontage and a recessed part-glazed entrance door to the front leading into Main Customer Seating Area a traditional and character style tea rooms with carpeted flooring, wood panelled walls, multi-fuel burner with tiled fireplace surround, further open fireplace, all furnished in keeping with the traditional style and character of the existing tea rooms. Range of free-standing wooden tables and upholstered chairs comfortably seating 28 customers (with room for more if desired), wall mounted display shelving, ceiling fan, upright fridge freezer, microwave oven and commercial toaster. Still Area with coffee machine, coffee grinder, hot water still, range of Royal Albert bone china, base cupboards with complementary worksurfaces over, under counter fridge, cash register and door to rear. Understairs storage cupboard. Catering Kitchen with Altro flooring, fully lined walls, having been recently refurbished with a range of base cupboards, wall cupboards and complementary worksurfaces, electric cooker, 2 microwave ovens, Buffalo contact grill, upright commercial fridge, 2 under counter freezers, stainless steel sink unit, range of wall shelving and dishwasher. Rear Store with Altro flooring and fully lined walls with upright freezer and wash hand basin. 

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

EXTERNAL DETAILS
To the front of the property and a real unique feature of this business is a private paved Patio Terrace Area with retractable sun awning over, providing al fresco customer seating beside the brook and close to the beach for 18 customers. To the rear of the property is a shared Courtyard Area with a Customer WC (recently refurbished), store cupboard and bin store area. There is a pedestrian/delivery access gate to the rear. 

THE BUSINESS
The Cosy Teapot trades as a quality daytime only traditional tea rooms and enjoys an excellent reputation with locals and visitors alike for its quality home made food, ambience and service. Consequently, the business boasts an enviable level of regular repeat custom which is boosted by visitors to the town throughout the year. The Cosy Teapot offers a traditional and popular menu to include breakfast, morning coffees, lunches, afternoon teas to include the popular Devon Cream Tea together with a selection of hot and cold beverages. There is also a takeaway service for food and drink. All the food is cooked daily on the premises using the best quality local produce and ingredients from local suppliers wherever possible. The business has a prominent trading position and does not currently have a website, so no advertising or marketing of the business is undertaken by our client. The business benefits from a 5 Star Food Hygiene rating. Through personal choice, trade levels are below the VAT threshold with our clients trading for around 42 weeks of the year and only operating on a 6-day week, even during the peak summer months and with further reduced hours during the shoulder months. A viewing appointment is essential to fully appreciate all aspects of this business opportunity. 

TRADING INFORMATION
The business is effectively run by a single working proprietor and undoubtedly there are savings to made to the wage bill for a working couple. Further trading information can be made available to interested parties following a formal viewing appointment. 


OPENING HOURS
From Easter until October, the trading hours are from 10:00am until 4:30pm six days a week (closed Tuesdays). During the shoulder months, the hours are reduced and are restricted to mainly weekends and occasional days and the premises are closed for around 5 weeks in November/December and 5 weeks in January and February. 

CURRENT STAFFING
The business is run our client (as a single working proprietor), with the assistance of 2 part-time members of staff and seasonal staff during the busy summer weeks. 

POTENTIAL
Our client advises that there is potential to develop all aspects of the business still further with opportunities for further marketing and advertising. There is also the opportunity for additional opening and potential for incoming operators to develop the style of trade in a manner to suit their own personal requirements and to take advantage of the prominent trading position. Our client is prepared to offer a full handover to interested parties, should they so require. The sale of The Cosy Teapot represents a rare opportunity to acquire a prime position trading premises in a highly desirable location with exceptionally low overheads. This is an opportunity to purchase a profitable business enjoying good levels of year-round trade with a substantial boost during the summer season, with the potential to increase trade levels.

EPC
C = 66. 

RATING
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website www.voa.gov.uk.

SERVICES
All mains services are connected to the subject property. 

PRICE & TENURE
£95,000 for the valuable leasehold interest as a going concern business and full trade inventory.  Wet and dry stocks to be additional at valuation.  Vacant possession upon completion. 

The business is held on a 9 year internal repairing and external decorating private lease from September 2013. The current rent is £5,000 per annum with rent reviews every 3 years. Our client advises that the lease is fully renewable at the end of the current term. Further details are available upon request. 

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262.Email:info@stonesmith.co.uk
You are recommended to contact us before visiting the property even for an informal viewing.  We can then confirm whether or not it is still available.


FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.
 

Seller Details
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Listing Details
Leasehold Price: £95,000
Tenure: Leasehold
Sector: Tea Rooms, Cafes
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Trade Gardens Available
  • Town Centre location
  • Prime Location
  • Attractive Business
Location Statistics
What's nearbyi:
Crealy Farms (approx. 0 mile)
Hospital (approx. 0 mile)
Carousel childcare (budleigh salterton) (approx. 0 mile)
Eileen Doherty (approx. 0 mile)
Mark Long Painting & Decorating (approx. 0.1 mile)
Fairlynch Museum & Arts Centre (approx. 0.1 mile)
Honeysuckle Nails (approx. 0.2 mile)
Toffee Nosed Sweet Shop (approx. 0.2 mile)
The Cottage Company (approx. 0.2 mile)
Longboat Café (approx. 0.2 mile)
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