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Well-established Tea Rooms With A Brilliant Reputation For Sale

Newark, Nottinghamshire, UK
Asking Price:
£92,950
Sales Revenue:
£160,221
Cash Flow:
Available on request

Business
Please quote reference B05918

Hilton Smythe are delighted to present to the market The Old Bakery Tea Rooms, a much loved and well-known licensed café/restaurant.

The perfect lifestyle changing opportunity is now being offered to the market due to our client’s other business interests. Our client has created an idealic café environment which fully embraces the history and character of the building. The business has been established for over 22 years, and has been in our clients hands for over 15 years.

The Old Bakery Tea Rooms is featured in ‘Britain’s Top Tea Guide’ as well as a featured building in Ricard Felix’s publication of 'Nottinghamshire’s Most Haunted Buildings’.

The café also attracts people visiting due to its featured piece in the 'Newark Timber Frame Building Trail'.

The café is proud to serve fresh, traditional & home-made food made on site. The delicious daytime menu includes –

Breakfast
Lunchtime specials
Snacks
Quiches, Soups & Salads.
Scones, Cakes & Tarts.
Popular afternoon teas.

Our client also offers ‘Cakes to order’ on all cake or scone options (48-hour notice is required).

Venue Hire – the first floor or entire venue can be hired out with or without catering, for private parties, meetings & special events – seating capacity is 50 (upstairs alone is 30).

Private Events – our client can offer full catering for either functions in the Bakery or outside locations for groups of 100. Advice on menu, table settings, complementary wine choices can also be added.

Our client advises there are still many areas a new buyer could quickly increase the current Turnover levels –

Add an evening menu or offers specific set menus on certain days
Increase the alcohol menu sales
Offer a local delivery service
Increase social media presence & special themed evenings
The business currently has a crafts licence, which allows the possibility of selling cards, paintings, pictures etc. This can be an oppertunity to increase the turnover.

The business comes with excellent reviews –

5 star Food & Hygiene Rating
4.5/5 on TripAdvisor
4.5/5 Facebook reviews
Excellent Google reviews
Local & National press reviews (see below)

"Where Time Stops for Tea" - The Guardian Newspaper

'It has been a bakery for more than 100 years, and you can sometimes see the owner emerging from the kitchen with plates of fruit, cheese or cherry scones still warm from the oven. It is a traditional sort of place: flowers on the tables, embroidered linen, friendly welcome. The meringues and scones are unusually big, and customers get competitive when supplies dwindle at the end of the day.'

Very rarely do businesses of this type, location and building history ever come onto the open market and we therefore strongly advise early enquiries to avoid disappointment.

Location
The Old Bakery Tea Rooms occupies a truly unique and picturesque Tudor Building in the heart of Newark, Nottinghamshire.

The ‘Tudor Bake House’ is a medieval timber framed building and the only one (of three) shops to be restored when the area was redeveloped in the 1970’s.

From the main Market Square, there is a charming, cobbled alleyway located to the north-west side of the square. As you approach, you will be delighted to see the wonderful vision of the Tudor Bakehouse (located on Queens Head Court).

The building dates back to the 15th Century and is a destination point for many visiting historic Newark.

Newark is a very quaint and busy Market Town situated on the river Trent and the river Devon, where the Great North Road intersects with the Fosse Way Roman Road.

Officially known as ‘Newark-on-Trent’, the Town developed around the 12th century Castle, now ruined, and a large marketplace, now lined with historic buildings.

Newark has now become a popular commuter Town for the cities of Lincoln and Nottingham.

Nearest Pay and Display carpark is Town Wharf.

Newark Northgate is just 2 mins walk from the café.

Premises
Front External - to the front of the property are 3 tables with 4 x chairs positioned around each however this can be increased to 25 covers.

Ground Floor – 12 cover dining area, main counter servery, fully fitted kitchen.

First Floor – Accessed via solid wood staircase, allows a much larger space for 35 covers. Includes additional customer toilets.

Equipment to be included –

2 x undercounter fridges
6 x hob electric cooker & oven
4 x door counter fridge
1 x Salamandra grill
1 x top & bottom grill
2 x microwaves
1 x tall fridge
1 x small freezer
1 x tall freezer
1 x drinks fridge
1 x dishwasher
1 x 2 arm coffee machine
1 x cake display fridge
2 x Epsom touch screen till points
Large selection of solid wooden chairs & Tables, Highchairs
2 x toasters, pots & pans, plates, dishes, kettles
Selection of china teapots, coffee pots, crockery

Tenure
We are advised our client to be will offering a new Lease for any new buyer.

£20k rent annually, with the first year being £19k. Rent review every 3 years.

There is no business rates due to the small business rates relief.

Hours
Monday – Saturday : 9am to 5pm

Sunday : Closed

Staff
We are advised the business is run and manged by our client, with the help of 1 x full time Assistant Manager, 2 x part time waiters, casual weekend staff.

Financial Profile
As of the 2019 accounts, the business generated an annual Turnover of £160,000 with an Adjusted net profit of around £40,000. This business has always been a cash business, aswell as recently introducing a card machine, which has helped to increase the turnover.

Please quote reference B05918

Property Information

Property:

Leasehold

Contact Information

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