SUPERB HIGH PROFIT TEA ROOMS AND CAFE
Price:
Leasehold - £90,000
Business Type:
Food Service Businesses
SUPERB HIGH PROFIT TEA ROOMS AND CAFE - BEDFORDSHIRE
30 covers inside plus 40 covers alfresco dining available
Refurbished premises in the trading and kitchen areas
Well established and highly regarded business
Situated in the market town of Leighton Buzzard
Huge growth potential by evening opening
Turnover £144,000 pa with high margins
Early viewing highly recommended
LEASEHOLD
Business History
Meridian Business Sales are delighted to offer to the market this well established and popular tea rooms and cafe which has been in the careful hands of our client since 1990 and is now only being put onto the market due to our clients desire to take a well earned retirement. Since our client took over the business he has embarked on a full refurbishment program to all areas of the business culminating in a true walk-in and trade opportunity. Our client has continually developed and improved the business by introducing new income streams to include a drinks licence and daily specials which has enhanced the business massively and in particular shows in the year on year growth figures. Our client informs us that the annual turnover is currently £144,000 with a gross profit of 65%. This is derived from the sale of tea and coffee plus a food menu of home cooked local produce to include specials on the day plus omelettes, jacket potatoes, grills, and a selection of desserts. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat business. The prime location of the business would also lend itself to open in the evenings, offering a bistro style menu which would be a definite hit with the locals. Meridian Business Sales recommends early viewing on this business to fully appreciate the quality and scope for future growth.
This superb restaurant and tea rooms is located in a superb position just off the main Market Square in the popular and thriving town of Leighton Buzzard. Leighton Buzzard is a bustling market and tourist destination in the county of Bedfordshire with close links to the larger towns of Dunstable and Luton plus the city of Milton Keynes. The business is located in a prominent position close to the main square that attracts large numbers of day trippers to the area due to the twice per week markets producing heavy footfall for the business. The town of Leighton Buzzard has all of the main amenities coupled with quality educational and NHS facilities. Leighton Buzzard and the surrounding areas are renowned for there superb rolling countryside. The town has a wide and varied range of businesses to include antique shops, specialist wine and beer retailer's, quality hotels, public houses and restaurants making the area a very pleasant place to live and work.
Leasehold - Original length: 25 years
Remaining: 5 years, Review: 5 years
Rent: £15,000pa
Well maintained and presented two storey property with 30 cover tea rooms and cafe located just off the town square with alfresco dining for a further 40 covers.
GROUND FLOOR - Main entrance leading to:- Sales desk with glass fronted chilled display counter for fresh desserts and cakes, main open plan café/tea rooms with double aspect windows, high quality tables and chairs for 30 plus covers, fully tiled floor throughout and archway that leads to the toilets and stairs to the first floor.
Second unit used as a take away for sandwiches, rolls, panninis and a range of quick to prepare hot foods could also double as a delicatessen. Chilled display units and preparation area with washing facilities.
FIRST FLOOR - Fully fitted commercial kitchen briefly comprising:- 1 x stainless steel upright fridge, stainless steel preparation tables, deep fat fryers, 1 x pancho style griddle, various commercial microwaves, commercial grade dishwasher, stainless steel overhead extraction unit.
UK Non-Specific
£ 800,000
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