This beautiful thatch cottage in the heart of a popular tourist destination, has repeatedly enjoyed high profile marketing on tourist websites and in visitor brochures, promoting the Isle of Wight.
This unique teashop epitomizes the traditional English heritage of the Island and offers the quintessential English tearoom experience, for visitors from around the world.
The business enjoys a high footfall of visitors and is a recommended place to visit on many tour itineraries. It also enjoys repeat custom from visitors on extended stays on the Island, and visitors who return to the Island, year after year.
The business is being run on a part-time basis as retirement hobby and the business owners have deliberately kept the business earnings below the VAT threshold. The business has massive earning potential.
The current business owners bought the property 12 years ago and have developed it into a hugely successful business, featuring three inside tearooms and an outside seating area in an enchanted ‘fairy garden’.
The teashop features three thatched rooves and is comprised of three fisherman cottages. It was built circa 1690 and is thought to be the oldest building in the old village. Underneath the property is an ancient 500m tunnel which was originally used by smugglers to store contraband goods and escape Customs & Excise patrols.
There is also reported to be a very kind ghost, a smartly dressed lady who seems to take pride in the excellent delivery of services and in customer satisfaction.
The business is well managed and successful, and offers excellent potential to grow profit margins further.
Potential Growth This is a highly successful business offering good profit margins. However, the current business owners have been keen to limit trade, to create more family time.
During the holiday season, the business is bursting with day-time visitors, enjoying teas, coffees, light snacks and desserts. There is an exciting opportunity to extend trading hours and to open as a fine-dining restaurant in the evening, with a distinctive top quality evening menu and dedicated table service. Used in combination, excellent food and service, distinctive menus and signature dishes, all create a competitive advantage and allow for premium pricing.
This spacious living accommodation above the business could also be converted into B&B accommodation, or an arts and craft area, or used as an extended dining space for a restaurant.
Facilities This is a freehold property featuring three tearooms inside, a pretty garden with outside seating area, and family living accommodation above.
The tearoom business comprises of three tearooms, a pretty bar and service area, client toilet facilities and a large kitchen, fully equipped to manage a high volume of trade when the tearoom is at full capacity. The inside seating area has 60 covers and the outside seating area has 40 covers.
The living accommodation is well-appointed and offers 2 bedrooms, an extra large lounge, a well-equipped bathroom and a small utility room.
Competitive Overview This is a ‘once-in-a-lifetime’ opportunity to purchase an outstanding thatch property business, which features prominently in marketing material promoting the Isle of Wight
A freehold property consisting of three delightful thatch fisherman cottages, built circa 1690
The teashop business is exquisite, and typifies the finesse and warmth of English tearoom culture.
The inside seating area has 60 covers and the outside seating area has 40 covers.
The tearoom offers an extensive range of homemade food and beverages including clotted cream teas, Victorian teas, tasty ‘light bites’, sandwiches, traditional English dishes and a mouthwatering range of cakes and desserts.
The tearooms extend into a charming ‘fairy garden’ featuring outside seating, an area to tantilise the senses, a tree filled with fairies and the trees and bushes enchanted with fairy lights, ribbons, streamers and colour.
The living accommodation above the tearoom offers a good quality family accommodation with two bedrooms, a lounge and a bathroom.
This business is a magnet for visitors with an appreciation of quintessential old English experience.
The property is famed to have a friendly ghost, a smart lady dressed in white, who seemingly takes pride in the excellent standards of service delivered
The business already has a full license to serve alcohol and this creates opportunity to widen profit margins by extending trade hours and opening in the evening as a fine dining restaurant.
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