A very successful and long established Tearooms and Restaurant located in an excellent trading position on the High Street of Bourton on the Water.
The lease has 16 years remaining.
The Tearooms currently trades for 363 days a year, with 68 covers inside and up to 12 covers outside.
The lease also includes a 3 bed apartment with extensive private parking and storage to the rear of the property.
Asking Price: £185,000
The Village Tearoom and Restaurant is located in the heart of the picturesque village of Bourton on the Water and utilises the lower floors of an imposing family home build by the Bloss family in 1684. The traditional Cotswold stone house reflects the stature of the Bloss family, built in a very prominent position on the High Street opposite the Village Green and overlooking the River Windrush.
Ivy nook house, as it was known, moved from being a private house to a Tearoom in 1961. It is the oldest still operating Tearooms in the village.
Originally opened by Mr. Jack Dutton, it is now currently operated by only its 4th owner in 54 years of trading. The current owner has operated the Tearoom for the past 15 years.
The Tearooms is in an excellent and commanding trading position overlooking the village green, and being passed by most of the footfall from all 3 major car parks.
The Tearooms is on the ground floor in an area of approx. 1378 sq. ft.
On the first and seconds floors there is a spacious 3 bedroom apartment , with gas fired central heating and an internal area of 1324 sq. ft.
Wood beams feature throughout the 1st floor, which comprises 2 large reception rooms, a kitchen, a family bathroom and a shower room.
On the second floor is the master bedroom with air conditioning, and 2 further double bedrooms. All the bedrooms have fitted wardrobes and a vanity sink unit.
All the rooms (except the bathrooms) have front aspect windows overlooking the Village Green and the River Windrush.
Behind the Tearooms is a secure private courtyard with parking for several cars, various outbuildings and the Grundon waste bins.
The Tearoom is currently run by two managers, with back up provided by an assistant manager and 8 part time staff.
Current trading hours are from 10:30am to 4:30pm daily, and is open 363 days of the year, (closing only Christmas day and Boxing Day). These hours could be extended to either serve the morning breakfast or evening trade.
During the summer months there is an ice cream sales area outside the front of the Tearooms.
Alongside the ice cream sales area are 3 outside tables with seating for 8. When ice cream is not in use another table with 4 chairs is added.
Inside, the Tearooms has seating for 68 people on 19 tables. At the front of the Tearooms are two large bay windows with views over the village green and riverbank. Access inside is via double glass pained doors. The double doors provide a nice feature and also allow easy access for wheel chairs, prams and buggies.
The menu is traditional English with popular meals such as fish and chips, steak pie, salads, soups and sandwiches. A range of cakes and creams teas are also sold.
Drinks are a range of speciality English grown teas, Typhoo tea, coffees, cappuccinos and most other types of hot and cold drinks one would expect.
The main seating area has air conditioning which can be reversed to provide heating when required.
To the rear of the building are the prep and counter areas, dish wash, fully equipped kitchen and a customer toilet.
The large kitchen is well equipped with fryers, cooker, griddle and microwaves and together with a large area of stainless steel work surfaces makes the running of the kitchen a very smooth operation. The menu has been developed to enable one person to operate the kitchen successfully with help needed only at peak times.
There are two washing machines in a rear room to allow the Tearooms to do all its own laundry. This is currently used for all table cloths, aprons, and items used by kitchen, counter and dish wash. Staff are responsible for their own uniforms.
The Business has a very good policy of maintenance on all its equipment and invests where necessary in the latest and best technology. A new iPad till system was recently introduced, as well as new fridges and freezers and drinks machines.
All fire and environmental policies are up to date, with the next inspection due in February 2016.
A tried and trusted selection of companies deliver daily to the Tearooms and use the courtyard as the preferred method of entry. This, very importantly, means no deliveries have to come through the front of the busy restaurant.
The lease on the Tearooms is in the favour of the tenant in respect of maintenance as the landlord is responsible for ALL external walls, ALL apex roofs and All chimneys. Invaluable on a large property.
The net turnover in 2014/15 was £244,053, equating to a net profit for a husband and wife/couple working in the business of £67,487.00.
The apartment is currently used as leaseholder’s residence, but alternatively it is estimated that an additional income of circa £15,000 p.a. could be achieved through holiday rentals, subject to the correct planning being obtained.
The rental is £31250 with 3 yearly rent reviews. The lease was taken out by the current owner on September 17th 2001 for a period of 31 years.
Number of Employees: 5-10
Number of bedrooms: 3
Support & Training: Any and all that is requested.
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