Popular Café/ Tearoom in Cumbria

  • Leasehold Price: £22,000
Penrith, Cumbria, England
Seller Ref:MA1301
For Sale

Popular Café/ Tearoom in Cumbria

Penrith, Cumbria, England
Seller Ref:MA1301
  • Leasehold Price: £22,000

Overview

Seller Ref: MA1301

Description

• Family run tea-room with 26 covers
• Pleasant semi-pedestrianised location in town centre
• Edge of Lake District market town
• Trading just below VAT threshold
• New lease available

Overview
A popular and well-known local family run tea-room which was established in 1990 and has been run under the same proprietorship since 2005. The business offers breakfasts, coffee, lunches and snacks using all homemade local produce. Normal opening hours are 9.30am to 4.30pm Monday to Saturday. It trades just under the VAT threshold. Full accounts will be made available to bona fide applicants, normally after viewing.

Location
Penrith is a market town located on the north-east fringe of the Lake District with a population of around 16,000 and catchment population of around 45,000. It has excellent transport links being at the junction of the M6 motorway and the A66 trans-Pennine trunk road and has a Station on the west coast main line linking London and Glasgow. Major retailers in the town include Argos, Morrison’s, B & Q, Booths, Sainsbury’s, Aldi, W H Smith, Boots and Sports Direct. The property lies in a pleasant location on a throughfare between various car parks and the town centre.

Description
Ground floor lock up unit being part of a two storey sandstone property.

Accommodation
Tea Room, 4.57m x 9.36m, including tables and chairs for 28 covers, spotlights, stone surround feature fireplace with range, servery, fridge, freezer, worktop, cold display cabinet and undercounter shelving.

Kitchen, 1.69m x 2.56m, with strip light, shelving, units, stainless steel sink units, worktops and electric cooker.

WC with wash hand basin.

Outside area to place tables and chairs for 4 additional covers.

All references to areas and dimensions are deemed to be approximate.

Leasehold Terms:
The property is held on a lease. The landlord has indicated that a new 10 year lease at £8,000 per annum with a 5 year review would be available to a buyer.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
NA

Listed By:

If this business isn't quite right for you, click 'Show Similar Results' for others you may be interested in. If this is for you, enter your details below to enquire today, we'll show you more suggestions once you've sent your enquiry to this seller.

Show Similar Results

Schedule a Tour

Your information

Find out more about this business opportunity

Your Personal Details * Required Field

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?
You must agree before submitting.

Similar Listings

Find out more about this business opportunity

Compare listings

Compare
Send Enquiry