Cafes for sale in Ulverston

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Tea Rooms & Restaurant With Accommodation- Cumbria

Ulverston, Cumbria, England

  • Freehold Price: £319,950
  • Annual Turnover: £60,000
  • Annual Gross Profit: £36,000
Seller Reference: 7092
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Business Description
 
 
 
 
 
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Seller Reference: 7092
Request Details
Business Description
Enviable Location In The Heart Of The Lake District
Annual Turnover £60,000
Gross Profit £36,000
Potential Rental Income From Flat £5,700 Per Annum
Restaurant Let Out During Evenings
Rental Income From Restaurant £7,200 Per Annum
Full Financial Info Available After Viewing
Long Established Since 2003
Retirement Sale
Seating For 36
Five Star Food Hygiene Rating
Full Alcohol Licence
Fantastic Online Reviews
Could Suit Any Cuisine
EPC – E
REF 7092 – Freehold Tea Rooms & Restaurant

Blacks Brokers are pleased to bring to the market this freehold tea room & restaurant with accommodation located in Ulverston, Cumbria.

INTRODUCTION

Olde Ulverston Tea Rooms Limited was established by our client in this stunning area of Ulverston in 2003. The business 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 Google, Facebook and Trip Advisor.

Our client generates additional income from this spacious property by letting the first floor flat as well as the ground floor space during the evenings when the tea room is closed and it is used as a Thai restaurant.

LOCATION

Olde Ulverston Tea Rooms Limited occupies a town centre trading position within a busy area filled with shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Boots and The Co-op. This area is popular with tourists all year round. The area has good public transport links, plentiful parking and is well linked by the A590.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, 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.

STAFF

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

FINANCIAL DETAILS

Olde Ulverston Tea Rooms Limited has traded solidly since opening and our client has established a strong repeat customer base. We are advised the business has an annual turnover of £60,000 and gross profit of £36,000. With additional income of £5,700 per annum from the first floor flat and £7,200 from a Thai food business that uses the ground floor in the evenings. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This popular and well established business and property occupies an enviable trading position in a busy area of Ulverston. 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 options and longer opening hours, possibly a delivery service and a new online presence. 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:
Tables

Chairs

Sweet Chiller Display Cabinet

Tea Urn

Bain Marie

Drinks Display Fridge

Microwaves x 5

Fridges x 4

Freezers x 3

Fridge Freezer

6 Ring Gas Oven
Trading hours:
MON: CLO:SED
TUE - SAT: 08:30 - 15:30
SUN: CLOSED
Tenure:
Freehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Olde Ulverston Tea Rooms Limited operates from the ground floor of this spacious property which is well presented with a small patio area to the front. The business has clear branding and signage on display above the main entrance. Inside, the servery/counter is positioned within the ground floor with a dining area that offers seating for thirty six. There is a fully equipped kitchen to the rear of this.

The first floor comprises of two bedrooms, lounge, kitchen and bathroom.

Location Details:
Ulverston
Listed by:
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