Most Attractive Freehold Olde Worlde Tearooms Cafe For Sale

Business description

Outstanding opportunity to acquire a most attractive Olde Worlde Tearooms/Café.

We understand the property was built in approximately 1750 and is a Grade II listed building.

The property with Full Gas Fired Central Heating has a wealth of oak beams.

There are 2 public car parks (Pay & Display within close proximity of the business)

Approximately 22' 5 frontage narrowing to approximately 12' 6 depth in the region of 31.9'.

DOUBLE FRONTED TEAROOMS with industrial polished non-slip floor, wall lighting. Tables and chairs providing seating for 30 persons. 2 cool display serveover counters, 2 group coffee machine, coffee grinder, electric cash register, glass fronted drinks display fridge.

PREPARATION AREA with domestic microwave oven, chest deep freeze, 2 fridge/freezers, 1 upright deep freeze.

REAR KITCHEN newly fitted we understand in April, 2008, non-slip floor, plastic cladding to walls, 1 commercial plus 2 domestic microwave ovens, electric cooker, contact grill, commercial dishwasher, hotwater boiler, single sink, wash hand basin etc.

Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Freehold

Lease terms:

Uniform Business Rates: Nil payable at present due to full relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The ATTRACTIVE living accommodation, with FULL GAS FIRED CENTRAL HEATING and fully CARPETED, comprises: Lounge with beamed ceiling, gas coal-effect fire - 19'0 x 12'0 approx. (5.79m x 3.66m approx.). Kitchen/dining room with fitted units approximately 13'2 x 9'0 (4.01m x 2.74m approx.) with access to first floor decking area 3 Double bedrooms (1) 11'10 x 10'3 (2) 14'3 x 11'3 (3) 13'4 x 9'10 with a wealth of oak beams plus additional room 13' 4 x 10' with low ceiling - currently used as an office, however, in our opinion suitable as a single bedroom Fully tiled shower room with shower, w.c. and wash hand basin (new suite in 2010) In addition, we understand, situated over the first floor lounge, is an additional room, enclosed and with no windows, however, in our opinion having potential for further development.

Location:

Sought after trading position, LINCOLNSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £2,800/£3,000 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending 31st December, 2010 showed £135,880 with a gross profit of £89,156 (before wages of £37,266). We are further advised that the sales year ending 31st December, 2011 showed £141,000 inclusive of VAT.

Reasons for selling:

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS, £330,000 plus STOCK AT VALUATION. SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 9 a.m. - 4 p.m.
NO SUNDAY TRADING

Employees:

The business is at present operated by a husband and wife team with the assistance of staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance