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Leasehold Independent Tea Room In Keyworth For Sale

Keyworth, Nottinghamshire, UK
Asking Price:
£26,950 Furniture / Fixtures included
Sales Revenue:
£57,200
Cash Flow:
Available on request

Leasehold Independent Tea Room located in Keyworth. Ideal starter business and comes fully fitted. Further potential. Priced sensibly.

Veritas Business sales are privileged to offer to the market this respected Tea Room which is located in the pretty village of Keyworth. The premises was transformed into what you see today by our clients back in November 2019 and they are now offering the business for sale due to ongoing health issues. Since ownership they have undertaken extensive refurbishment and redecorated to include new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Alice's Tea Shop is owner operated and employs the help of 3 part time members of staff and for the period since reopening after lockdown 17th May 2021 – 30th November 2021 they posted a turnover of £35,201 net of vat. The open plan trading area currently operates with 18 covers but can easily accommodate 24 covers as it did pre-Covid. Alice's have a fantastic reputation within the area for serving a wide range of breakfast and lunch options in addition to homemade cakes and a selection of teas and coffees. Afternoon teas have become a firm favourite and are frequently delivered locally to enjoy at home. All food is freshly prepared to order on site, using only the finest locally sourced produce. The business could easily be extended further by opening as a Bistro in the evenings, and already benefits from a premises license.
We believe that there is further potential to increase trade if you wish, by implementing evening events such as cake making workshops and private hire for small private functions which has proven lucrative for the owners with very little promotion. Despite all the Covid related restrictions, in that time it has firmly established itself as a popular destination for customers within the local community and beyond and enjoy a high level of regular and repeat trade. The business has been running in a limited capacity for the past 6 months as frustratingly, the current owners are unable to fulfil the true potential of the business due to ill health. They are therefore reluctantly looking for a quick sale and the business has been valued accordingly. This is a superb opportunity to purchase a turnkey business where all the hard work has been done and is a great base to build upon and as such early viewing is highly recommended as this is gem is not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Term: 5 years (Agreed October 2019 with a break option October 2022)
Remaining: ends October 2024 (an extension can be agreed with the landlord)
Rent: £9,000 pa
Reviewed: October 2024
Business Rates: zero

Leasehold Rent:

£9,000 per annum

Location:

This cosy vintage styled Tea Room is set on the busy Main Street in the pretty village of Keyworth, Nottinghamshire and has been trading since November 2019. Keyworth is located some six miles south-east of West Bridgford, with good access to the A46. Nottingham City Centre is (9 miles) with a frequent bus service to Nottingham. The population has remained fairly stable over recent years at around 7,500. The village possesses a full range of local facilities to include a health centre, post office, village hall, churches, nursery and primary schools. For daily requirements, there are shops in the centre of the village to include a general store, supermarkets, newsagent, butchers, chemists, hairdressers, estate agents, public houses, restaurants, and takeaways.

Premises Details:

Ground Floor
Coffee shop comprising: tables & chairs to cover (23), 2 baby highchairs, serve over sales counter with covid screen, wall mounted wooden display shelves, undercounter storage shelving, one under counter fridge (Lec), countertop drinks chiller (Polar), coffee machine (Francino Bambino), In-line water filter, coffee grinder (Francino), hot water boiler (Lloytron), cake table on wheels, 2 tier acrylic cake display stand, cake display stands with lids x 5, cups, glassware, teapots, jugs and cutlery.

Steps leading to:
Unisex W/C with wash basin, electric water heater and wall mounted paper towel holder.
Lobby with upright freezer (Beko) and tall unit for storage.
Kitchen comprising: boiler, (Zip Aquapoint 3), extractor hood (Smeg), double oven and 5 ring electric hob (Hotpoint), tall fridge (Indesit), tall freezer (Indesit), dishwasher (Bosch), microwave (Kenwood), ban- marie, panini press, toaster, smoothie maker (Breville), wall hanging fly killer, chain flyscreen, 4 tier stainless steel trolley on wheels, first aid box with accident book, fire extinguisher, fire blanket and an assortment of chopping boards, pans, utensils and tupperware containers etc.

External
Frontage with external seating licence which can be renewed.
There is an additional room at the back of the property accessed externally which is currently used by the vendors for storage. This is not currently included in the lease, but it may be possible to add this in the new lease for no additional charge. This will need to be agreed with the landlord prior to purchasing the business.

The property benefits from gas central heating.

Energy Performance Rating:
D

Business Operation

Trading hours:

Tuesday – Friday – 9:30am – 3:00pm
Saturday – 9:30am – 2:00pm
Sunday & Monday – closed

Other Information

Inventory / Stock value:
£1,000

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