Tea Rooms for sale in Bury

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Newly Fitted Tea Room - Ramsbottom

Bury, Greater Manchester, England

  • Leasehold Price: £49,999  Price Reduced arrow_drop_down
  • Annual Turnover: £57,282
  • Annual Gross Profit: £31,012
Seller Reference: 6674
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Business Description
 
 
 
 
 
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Seller Reference: 6674
Request Details
Business Description
Sundays Times Best Place to Live in North West
Trading since Feb 2018 - Newly Fitted Throughout
Anticipated Annual Turnover 2019 - £80,000
Accounts Available 30th November 2018
Annual Turnover £57,282
Gross Profit £31,012
Accounts Available After Viewing
Low Rent For Area
Open 42 Hours over 7 Days - Can be Extended
Seating For 23
Managed By Staff
Excellent Online Reviews
Free Parking In Immediate Area
Highly Sought After Location
Excellent Website Included - eCommerce Online Sales
EPC - F
REF 6674 – Leasehold Newly Fitted Tea Room

Blacks Brokers are pleased to bring to the market this leasehold tea room located in the busy town centre of Ramsbottom, Bury.

INTRODUCTION

Tea Atelier has been trading on Bridge Street since February 2018. Our client established the business here due to the high amount of footfall in this bustling and popular area. The café is already well known and has a good reputation with a large base of regular customers. Excellent reviews are noted on Trip Advisor, Google and Facebook and our client has established a strong online following via social media channels.

LOCATION

The business is positioned on a busy main road in the heart of Ramsbottom centre. The area is filled with a range of independent businesses such as hair salons, eateries and shops as well as large multiples such as Morrisons and Tesco. The area is well linked by the M66 with good public transport links and free parking is available in the immediate vicinity. Ramsbottom is densely populated residentially yet also attracts a large number of visitors due to a busy steam train station, specialist markets and picturesque surroundings.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator and is offered at this desirable asking price due to our clients change in circumstance and other business interests. This presents an excellent opportunity for an new owner to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a fifteen year lease which began in 2017 at a cost of £231 per week.

STAFF

The business is currently operating with four members of staff in employment. Our client and partner are not involved with the day to day running of this business.

FINANCIAL DETAILS

Tea Atelier has traded well during it’s first year. We are advised that the business currently has a projected annual turnover of £80,000 2019 (based on previous 13 months trading). Full financial details are available upon viewing.

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 leasehold business occupies a superb trading position in a busy area of Ramsbottom. There is plenty of scope to develop the business further with additional seating within the function room or a strong marketing drive for customers to use this space for small private events. This may be something other local businesses could be interested in for working lunches and training events. There is also potential to change this to a bistro and open during the evenings and put an alcohol licence in place. This proposition would ideally suit an owner operating team – this would increase profit margins further and a new hands own owner could really push the business forward, building upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Front Room

Counter

Coffee Machine

Grinder

Boiler

Water Filter

Sink

Shelves

Till

Book Shelf

Trolley

Air Conditioner

Tables x 3

Chairs x 7

All Lighting

Picture Frames

Back Room

Table x 4

Chairs x 12

All Lighting

Picture Frames

Air Conditioner x 1

Kitchen

Stainless Steel Worktops

Sink

Fridge Freezer

Fridge

Chest Freezer

Food Warmer

Rice Cooker

Food Processor

Steamer

Hub Oven

Shelves

Microwave

Toaster x 2

Upstairs Room

Long Table

Chairs x 4

Welsh Dresser

Bookshelves x 2

Air Conditioner x 2
Trading hours:
MON - SUN: 10:00 - 16:00
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Tea Atelier operates from a beautifully presented mid terraced property within a parade of shops and businesses on Bridge Street. The business has classic branding displayed above a matching, fully glazed frontage. Inside, the main dining area offers seating for around 23 and is presented to a very high standard with bespoke wooden wall displays, free standing tables and chairs and servery/counter to the rear. The kitchen is positioned to the rear of the servery and is fitted commercially.

The first floor of the business comprises of a stock area, customer toilet and function room – this could be used for additional seating if preferred.

Our client invested heavily in a full refurbishment in early 2018 and this shows throughout the business with new flooring throughout, air conditioning, décor and so on.

Location Details:
Bury
Leasehold Term:
£231 Per Week
Listed by:
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