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Leasehold Tea Rooms Located In Ruddington For Sale

Ruddington, Nottinghamshire, UK
Asking Price:
£49,950 Furniture / Fixtures included
Sales Revenue:
£65,000
Cash Flow:
Under £50K

Established tea Rooms located in Ruddington, Nottingham. Established and fully equipped business. Genuine retirement sale. Easy to operate and an ideal starter business. Further potential to increase turnover.

Veritas Business Sales are delighted to offer for sale this respected Eatery & Tea Rooms which is located in Ruddington. The business was established by our clients back in 2012 and is being offered for sale so that they can enjoy a well deserved retirement.
Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for included within the sale. During the covid lockdown they totally refurbishment the premises and installed a new boiler, windows, flooring, tables & chairs and new natural light LED lights. This is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Old Bakehouse Tea room is managed by the owner with the help of 1 full time and 1 part time members of staff and has an average weekly turnover of circa £1,200. They serve a fine range of specialist coffees, teas, and homemade scones, cakes, soups, sandwiches, toasties, cooked breakfasts, jacket potatoes and a varied lunch menu. All fayre is freshly prepared to order on site using only the finest locally sourced produce and can be enjoyed with a selection of soft drinks.
We believe that there is further potential to increase revenue should you wish, by extending upon the current opening times, promoting outside catering, adding online orders and applying for a drinks licence. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new visitors. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Term: 6 years
Remaining: 3 years (the landlady is happy to agree new lease terms)
Rent: £6,240 pa
Business rates: zero

Leasehold Rent:

£6,240 per annum

Location:

This delightful Eatery & Tea Rooms is located in the highly desirable village of Ruddington, Nottinghamshire. Positioned within prime village location just 5 miles from Nottingham City Centre and 4 miles from West Bridgford. The village boasts a selection of independent and large blue chip retailers which bring high levels of footfall to the area. Ruddington has a population of approximately 7,200 and is set for expansion due to plans to build 250 new homes nearby.

Premises Details:

Ground Floor
Restaurant comprising: tables & chairs to cover (21), serve over sales counter with cake displays, till system (Casio), espresso coffee machine (Fracino), coffee grinder (Laspaziale) water boiler (Lincat), under counter drinks fridge, (Beko), under counter fridge, counter top fridge (Polar), under counter storage shelving, cutlery & condiments table.
Kitchen comprising: stainless steel worktop, main sink, hand wash basin, upright fridge (Beko), upright freezer (Bush), under counter fridge (Beko), under counter freezer (Logic), commercial dishwasher (Halcyon), 2 microwaves (Morphy Richards & Kenwood), 5 ring gas hob and oven (Montpellier), 2 fryers (Buffalo & Cookworks) and extraction canopy.
Hallway with storage area.
W/C with wash basin.

External
Vendors side parking for (2).

EPC Rating C

Energy Performance Rating:
C

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – Saturday – 9.00am – 3.30pm
Sunday – closed

Years established:
8 years

Other Information

Inventory / Stock value:
£1,500
Website:
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Contact Information

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