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Leasehold Tea Rooms Located In Moreton In Marsh For Sale

Moreton-in-Marsh, Gloucestershire, UK
Asking Price:
£195,000 Furniture / Fixtures included
Sales Revenue:
£383,694
Cash Flow:
£50K - £100K

Leasehold Independent Tea Rooms & Café (Licensed) Located In Moreton In Marsh. Established high turnover business with further potential. Prominent high street location.

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 years and has been in the careful hands of our clients since 2015 and is now being offered for sale so that they can enjoy a well deserved retirement. Since ownership there has been significant investment in the upkeep of the premises to include the 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 business is owner operated and employs the help of 3 full time & 7 part time members of staff and for year ending 5th April 2020 posted an annual turnover of £383,694 net of vat which produces a very healthy net profit (these figures included a period of imposed government lockdown). The menu offers breakfasts, cream teas, snacks, light meals, freshly cut sandwiches, toasties, soups, jacket potatoes, salads, homemade cakes, ground coffees, wide range of teas, cold drinks and alcoholic beverages. All food is freshly prepared to order on site, using only the finest locally sourced produce. We believe that there is further potential to increase revenue should you wish, by extending the current opening times and making full use of the alcohol licence, by 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 high turnover, 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 : New 16 year lease
Rent: £36,600 pa
Reviewed: 4 yearly
Business Rates: £14,500 pa

Leasehold Rent:

£36,600 per annum

Location:

This thriving 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
Front tea rooms comprising: serve over sales counter with cake displays and EPOS till system, ice cream freezer, 4 deck cold drinks fridge, chilled serve over sales counter, pie warmer, side dresser for storage and tables & chairs to cover (30).
Dry stores with shelving.
Hallway with stairs leading to a first floor office area.
Rear tea rooms with tables & chairs to cover (22) and rear doors leading to the garden.
Commercial kitchen comprising: 2 x bean to cup coffee machines (Cafe touch), milk fridge/dispenser, hot water boiler (Lincat), small freezer, 4 slice toaster (Dualit) x 2, blender, milkshake machine (Buffalo), metal storage racking, upright drinks fridge (Gastro-line), 2 x convection ovens (Turbo chef), 3 x stainless steel work table, 6 ring gas hob/oven (Strathavon), stainless steel table with pass, saladette with 3 door undercounter fridge, stainless steel table with two shelves, dish washer, water softener, glass washer (DC Series), combination boiler, stainless steel sink with directional hose, stainless steel wash basin, small fridge and small freezer.
Hallway with storage racking, walk-in freezer, tumble dryer (Indesit), back door, and stairs leading to a first floor storeroom with storage racking.
Preparation kitchen with double sink drainer, stainless steel wash basin, washing machine (Indesit), stainless steel table with commercial can opener, stainless steel double door fridge (True), bake-off oven (BX Mono), 3 x stainless steel tables, vegetable cutter, dough mixer, scales, stainless steel shelf, soup blender (Buffalo), small mixer, grill (Lincat) and back door to rear garden.

External
Rear courtyard and garden with picnic tables to cover (48). Wooden storage shed and bin area.
Toilet block with Ladies W/C with wash basin, wall mounted soap dispenser and wall mounted hand dryer.
Gents W/C with wash basin, wall mounted soap dispenser and wall mounted hand dryer.
Frontage with seating for (8).

Energy Performance Rating:
D

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – Saturday – 9.00am – 5.00pm
Sunday – 10.00am – 5.00pm

Other Information

Inventory / Stock value:
£2,000

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