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Leasehold Tea Rooms Located In Moreton For Sale

Moreton, Gloucestershire, UK
Asking Price:
£64,950 Furniture / Fixtures included
Sales Revenue:
£161,456
Cash Flow:
Available on request

Leasehold Independent Tea Rooms & Café (Licensed) located In Moreton In Marsh. Character grade II listed building. Comes with external seating and two bedroom accommodation above.

Veritas Business sales are privileged to offer to the market this respected Tea Rooms & Café which is located in Moreton In Marsh. The premises has traded as a restaurant for many decades and has been in the careful hands of our clients for the past 5 years and is now being offered for sale so that they can enjoy a well deserved retirement. The property dates back to circa 1700’s, is grade II listed and since ownership there has been significant investment in the upkeep of the premises to include re-wiring, installation of 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. The Cotswold Tea Room is owner operated and employs the help of 1 full time & weekend helpers as and when needed and has an 31st August 2019 of £161,456 net of vat with a GP of £109, 563 (68%) returning a good net income for an owner operator. They serve breakfast, traditional afternoon teas, cream teas, snacks, light meals, freshly cut sandwiches, toasties, soups, homemade cakes, specialist coffees, loose leaf teas, cold drinks and alcoholic beverages. All food is freshly prepared to order on site, using only the finest locally sourced produce and they have a gluten free menu and cater for celiac’s which offers excellent usp with repeat trade from locals and tourists We believe that there is further potential to increase revenue should you wish, by extending the current opening times and opening evenings as a bistro or restaurant. The business already enjoys a strong reputation within the local community and with a high level of regular and repeat trade along with many new and returning tourists. This is a superb opportunity to purchase a turnkey business which is a great base to build upon and as such early viewing is highly recommended as this is one not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Term : 20 years
Remaining: 14 years 7 months
Rent: £22,500 pa
Reviewed: 4 yearly
Business Rates: zero

Leasehold Rent:

£22,500 per annum

Living Accommodation:

First Floor
Lounge
Kitchenette
Bathroom with walk in shower, wash basin with vanity unit and W/C
Hallway with stairs leading to the second floor
Second Floor
Large double bedroom with walk in wardrobe
Double bedroom with built in wardrobes, W/C and wash basin

Location:

This delightful Tea Rooms & Café is located in the highly desirable Cotswold tourist hotspot of Moreton in Marsh, Gloucestershire. An area of Outstanding Natural Beauty, the town stands at the crossroads of the Fosse Way Roman road and the A44. Located at the head of the beautiful Evenlode Valley, Moreton in Marsh is a thriving market town with a market each Tuesday and excellent public transport links including a direct link to London by rail. There is good tourist trade in the area with a camping and caravan club site on the edge of the town which brings good trade all year round, there are also lots of holiday accommodation and hotels within walking distance of the high street. The town dates back over 1000 years to the Saxon era.

Premises Details:

Ground Floor
Restaurant comprising: tables & chairs to cover (28) with room to increase, feature fireplace with electric coal effect fire, serving counter with dual head espresso coffee machine (Lelit), coffee grinder (Fracino), storage draws and unit.
Drinks prep area with EPOS till system, printer (Xerox), shelving for crockery storage, coffee grinder (Fracino), filter coffee machine (Novo), automatic water boiler (Lincat), wall mounted shelving, worktop, water filter machine and undercounter 2 door drinks fridge.
Commercial kitchen comprising: ice cream machine (Caprigiani), worktop, undercounter fridge, domestic microwave (Russell Hobbs), commercial microwave, stainless steel table, stainless steel table with commercial can opener, extraction fan, stainless steel table with shelving, wall mounted units, soup kettle, sandwich toaster, combination boiler (Worcester Bosch), pass through dishwasher, stainless steel sink with directional hose, 3 door undercounter fridge, grill, 4 slice toaster, metal storage racking, wall mounted metal shelving, washing machine (Candy), Dryer (Candy), induction hob (Ambiano), 2 stainless steel tables, upright stainless steel fridge (Scanfrost) and upright stainless steel freezer (Scanfrost). Gluten free area with worktop, base units, toaster, food processor and upright fridge/freezer (Lec). This is a great space with plenty of room and separate prep areas.
Hallway with stairs leading to the first floor accommodation and rear exit door.
W/C with wash basin.

External
Rear yard with patio area and external seating for (20).

EPC Rating D

Energy Performance Rating:
D

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – 9.00am – 5.00pm
Tuesday – 9.00am – 4.00pm
Wednesday – Saturday – 9.00am – 5.00pm
Sunday – 10.00am – 4.00pm
November – March – closed Mondays

Other Information

Inventory / Stock value:
£1,500

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