Established Tea Room - Clwyd

Town Centre Trading Position
Accounts Available Year End 31st March 2019
Annual Turnover £73,790
Gross Profit £50,675
Accounts Available After Viewing
Low Rent Of £115 Per Week
New Lease Available
Established 2005
Potential To Reintroduce Outside Catering
Reliable Staff
Ill Health Sale
Five Star Food Hygiene Rating
Seating For 36
Excellent Online Reviews
Scope For Longer Opening
Potential For Alcohol Sales
EPC - C
REF 7328 – Leasehold Tea Room

Blacks Brokers are pleased to bring to the market this leasehold tea room located in Holywell, Clwyd.

INTRODUCTION

Kassidy’s Tea Room was established by our client in this busy area of Holywell in 2006. The business offers a range of freshly prepared English dishes, coffees, cakes and roast dinners. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Facebook, Trip Advisor and Google. At present, the business has no website but does have a good social media presence.

LOCATION

Kassidy’s Tea Room occupies a high street trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Tesco, Home Bargains and Santander. There are also a number of car parks and other local amenities nearby. The area is well linked by the A55 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but sadly due to our client’s ill health, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a six year lease which began in 2017 at a cost of only £115 per week. We are advised that a new lease can be negotiated with the landlord if preferred.

STAFF

The business operates with six part time staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

Kassidy’s Tea Room has traded solidly since opening and our client has established a strong repeat customer base. The accounts Year End 31st March 2019 show that the business has an annual turnover of £73,709 and gross profit of £50,675. Full financial information is available upon request.

SUMMARY

This well respected and long established business occupies an enviable trading position in a busy area of Holywell. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu choices and longer opening hours, reintroducing outside catering, possibly evening opening with the application for an alcohol licence. A website and delivery service could also prove beneficial for a new owner. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Commercial Coffee Machine

Filter Machine

Grinders x 2

Food Mixers

Microwaves x 3

Upright Freezer x 3

American Style Fridge Freezer With Water Dispenser

Under Counter Fridge

Under Counter Drinks Fridge

Display Chiller Cabinet

Under Counter Freezer x 2

Rang Cooker With 8 Ring Burner

Extraction Unit

Tables

Chairs