Very Well known, Riverside Tearoom Business

Alan J Picken are delighted to offer this Very Well-known, Riverside Tearoom Business onto the market.

This quality business occupies a first-class trading position in the much sought after select and fashionable tourist town of Knaresborough, and by virtue of its prime trading position attracts a local and loyal clientele as well as those from further afield.

Over the years the premises have been transformed into a truly eye catching well fitted premises, available on lease.

The business is run on civilized day time openings and substantial sales and profits are achieved. There is scope to extend openings into the evenings and to exploit the alcohol license, to increase turnover and maximize profits.

Turnover £217,967 on March 2023 accounts.
Gross Profit 70%
Adjusted Net Profit in excess of £70,000.

The tearoom has also hosted a variety of events generating additional sales and profits such as birthday parties with singers, anniversaries, Christmas lunches/group dinners and other themed events. It also attracts those attending local events throughout the year such as the Knaresborough Bed Race in June, Boxing Day Tug of War, and the New Year’s Day Duck Race to name a few.

Only by personal inspection can justice be given to the impressive premises, which have been scrupulously maintained to our clients’ high exacting standards.

We trust will prove a resoundingly successful acquisition, for a dedicated enthusiastic working proprietor to continue to exploit the full potential and derive maximum profits.

Business opportunities of this calibre are the exception and we strongly recommend genuine prospective purchasers view without delay to avoid disappointment.

Business £124,950 SAV
Leasehold.
Knaresborough, North Yorkshire.
Reference. RB10560