Tea Rooms for sale in Gosport

View the "Beautifully Presented Tearoom - Gosport" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Beautifully Presented Tearoom - Gosport

Gosport, Hampshire, England

  • Leasehold Price: £24,950  Price Reduced arrow_drop_down
  • Annual Turnover: £68,556
  • Annual Gross Profit: £54,936
Seller Reference: 7038
Request DetailsEmail email
Business Description
 
 
 
 
 
Image 1 of 5 video_library
Seller Reference: 7038
Request Details
Business Description
Prominent High Street Location
Accounts Available Year End 31st January 2019
Annual Turnover £68,556
Gross Profit £54,936
Accounts Available After Viewing
Fantastic Online Reviews
Five Star Food Hygiene Rating
Beautifully Presented
Fully Equipped
Newly Decorated Throughout
Potential For Longer Opening Hours
Scope To Introduce Deliveries
EPC – E
REF 7038 – Leasehold Team Room

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

INTRODUCTION

Margarita's Tea Room was established by our client in this affluent area of Gosport in 2018 when our client took ownership of the business which was formerly known as Lulu’s for over five years. The business offers all day breakfasts, light lunches, excellent coffee, delicious cakes and cream teas. Margarita's Tea Room has quickly become very well known. It 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 with a five star hygiene rating and superb reviews noted on Google, Trip Advisor and Facebook.

LOCATION

Margarita'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 and large multiples such as Waitrose. There are also a number of schools and large housing estates nearby. The area is well linked by the A32 with strong public transport links and parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business commitments being higher than anticipated, 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 an Internal Repairs Only lease (IRO). The current lease is a nine year lease which began in 2018 at a cost of £133 per week. There is also a garage to the rear of the shop which the current owner uses for storage, the rent for this is £50 per month. This is optional to a new owner but is however, recommended to be kept.

STAFF

The business operates with three members of part time staff in employment. Our client is not involved in the day to day running of the business but oversees management as required.

FINANCIAL DETAILS

Margarita's Tea Room has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st January 2019 show annual turnover of £68,556 and gross profit of £54,936. 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 is a newly established yet well known eatery which occupies a superb trading position and has a strong base of regular customers in place already. There is plenty of scope to develop the business further with the introduction of a new website with ordering service, new menu choices, longer opening, delivery service and a strong marketing drive. 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

Counter

Under Counter Freezer x 4

Under Counter Fridges x 3

Large Freezer

Large Fridge Freezer

Glass Fronted Drinks Fridge

Buffalo Grill

4 Slot Toaster x 2

Electronic Till

Cake Display Stands x 10

Commercial Coffee Machine With Built In Grinder

Lincat Large Commercial Oven

5 Ring Halogen Hob

Newly Fitted Large Extractor Fan

Microwave

Hot Water Boiler

Griddle

Washer

Dryer

Commercial Dishwasher

Small Dehumidifier

All Crockery & Cooking Equipment
Trading hours:
MON - FRI: 10:00 - 15:00
SAT: 09:00 - 15:00
SUN: CLOSED
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Margarita's Tea Room operates from the ground floor of a spacious end terraced property on a busy main road. The business has large branding and signage on display above a fully glazed frontage. Inside, the main dining area offers for thirty customers. The L-shaped counter is positioned to the rear and this has a preparation area behind fitted with a range of equipment including coffee machine and drinks fridge. To the back of the space is the fully equipped kitchen, this benefits from buffalo grill, fridge freezers, halogen hob and much more. All areas have been recently redecorated and fitted with new flooring.

Location Details:
Gosport
Leasehold Term:
£133 Per Week
Listed by:
Request Details

Find out more about this business opportunity.

* REQUIRED

Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
You may also like...
loder imageloder image