High Class Tearooms Cafe In Stratford Upon Avon For Sale

Business description

Overview

A long established café and tearooms benefiting from a busy trading position to a popular courtyard shopping development in the center of Stratford upon Avon. Both internal seating with some thirty covers plus al fresco seating to the courtyard.

High levels of tourist and day trip custom in the spring and summer months to augment local trade.

Open to trade seven days 10:00 – 5:00pm in the summer season and10.00 am until 4:00pm Tuesday to Saturday in the winter season. Scope to extend the hours.

Advised net sales of £89,448 per annum with a gross profit of £73,077 (81% gpm). Pre tax earnings to a working owner of c£30,000 per annum.

Secure lease with a term of twenty five years from June 1991. Rent passing of only £10,500 per annum plus c£1040 annual service charge.

Location

Stratford upon Avon, South Warwickshire (population c25,000) is one of the United Kingdoms foremost tourist destinations with an estimated three million visitors per annum; many of which are from overseas. Famous as the birthplace of William Shakespeare and home of the Royal Shakespeare theatre.

A very picturesque market town situated on the river Avon and famous for its well preserved historic center with many fine timbered buildings dating from the fifteenth and sixteenth century.

The tearooms and café benefit from a prime trading location to a town center courtyard retail development, supported by many complimentary retail businesses and deriving high customer footfall.

Property information

Property:

Leasehold