Overview
Description
Business
Please quote reference B07764
CoGoGo welcomes to the Betty Bumbles Vintage Tea Room Limited & Bumbles Bar Limited, a unique Tea Room and Cocktail Bar in St Neots, Cambridgeshire.
Founded approximately 10 years ago and owned for the last 5 years by the current owners, Betty Bumbles has gained a loyal customer base and an excellent reputation. This thriving business, fully renovated and beautifully presented, is being sold due to the owners’ desire for a change of direction.
This unique establishment operates as a cosy tea room by day and transforms into an elegant cocktail bar at night.
Key selling points –
- A well-established business with a strong reputation and regular customers.
- Current owners are willing to offer a handover period for seamless transition.
- Ideal for owner-management or a partnership.
- Real opportunity for growth, especially by extending opening hours and outside catering.
Location
Situated in a prime trading location, the business occupies three floors of an attractive grade 2 listed building, rich in character and period features.
Premises
The premises include:
- A tea room with approximately 20 covers on the ground floor, featuring quality furnishings and a quirky design.
- A bright and spacious cocktail bar on the first floor, accommodating 40 covers.
- Outdoor seating for at least 30 covers, with a pavement license till 10.30pm.
- A well-equipped kitchen, office space, utility areas, staff and customer toilets.
Tenure
The business is currently leasehold, with a monthly rolling lease at £30,000 per annum. The landlord is open to negotiating a new lease with the new owner.
Hours
The current trading hours are –
Tea Room: Monday, Wednesday, Friday, Sunday (10am – 4:00pm), Saturday (10:00am – 5:00pm)
Bar: Thursday (until 1:00am), Friday and Saturday (until 2:00am)
Closed on Tuesdays and Thursdays.
Staff
Owner-managed with the help of casual staff as required.
Financial Profile
- Projected turnover: £156,000 for the tea room and £78,000 for the bar.
- Approximate stock value: £10,000.
- Asset value: £30,000.
- Rates payable: Approximately £2,500 per annum.
We are advised that the financial information provided is an estimate, with further financials available upon request.
Is this business relocatable:
Is stock included:
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