Hilton Smythe is delighted to introduce to the market Vintage Tea Room. The business was originally founded in 2003 and benefits greatly from its prime trading location.
Our client has only recently acquired the tea rooms and unfortunately ill health forces this sale. However, our client has already spent a considerable amount of money on the business, investing in new equipment and refurbishing the premise. The investment is already paying dividends with the business seeing month on month growth and is on target to achieve this year’s annual turnover in the region of £33,800 with a gross profit of circa 75%.
Vintage Tea Room boasts 28 covers internally and a further 10 covers externally attracting passing trade. The business has already established a fantastic reputation with the locals for its relaxed friendly atmosphere and tempting home-made cakes and snacks. The business is well supported by the local community as well as benefitting from much tourist trade.
We believe the potential of the business is huge due to the prime location. The business would benefit from a modest marketing and advertising campaign to further promote awareness. In addition above the business is a large area currently used for storage, however we believe this would ideal to convert into a bed sit, subject to the correct permissions and to generate additional income.
Early viewing of this growing business opportunity is highly recommended.
The business is located in an Edwardian seaside town in Suffolk.
Vintage Tea Room occupies a prominent corner position within the vibrant town centre. The business sits within a popular retail parade and is surrounded by a plethora of retail outlets and town centre amenities ensuring a constant heavy footfall throughout the day.
The tea room is situated on the A1021, a main thoroughfare though the town and the business is ideally located just a short walk from the main railway station. The town is a family friendly seaside resort attracting thousands of holidaymakers year on year, with the business benefitting greatly from tourist trade.
Prominent corner positioned premise briefly comprising.
Charming dining area with 28 cover seating
Service Counter with coffee machine (leased) urn, upright chiller, under-counter fridge, till, shelving and under-counter storage cupboards.
Customer toilet facilities (disabled friendly).
Under-counter fridge, under-counter freezer, toaster, microwave, panini machine.
Passageway with fridge/freezer, dishwasher and hand-wash.
Spiral staircase leads to :
Large room, currently used for storage but could easily be converted to bed-sit accommodation.
Kitchen with sink unit, base and wall units, chest freezer, wash room with toilet and basin (could adapt to include shower).
Outside seating area for 10 covers. Currently the business does not have any signage, this would greatly benefit the business.
We are advised leasehold
The original lease length is 6 years
Remaining on the lease is 6 years
Reviewed every 3 years
Rent is £15,000 per annum.
The business opens:-
To be advised.
The business is solely run and managed by our client.
We are advised the business is on target to achieve this year’s annual turnover in the region of £33,800 with a gross profit of circa 75%.
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