Established and Popular Tearoom, Newcastle under Lyme, Staffordshire

Leasehold Price £79,950  

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Property Details

City Business Brokers are pleased to bring to the market this Busy and well-loved Tearoom and Bistro located in a very well-known Market town in North Staffordshire.

Operating from well fitted and presented premises, the business currently primarily offers a full and varied in-house menu of “homemade” classic hot and cold food, snacks, sandwiches, lunches, side orders, pastries and beverages prepared freshly to order in its fully equipped catering facilities and served in the pleasant surroundings of an attractively period furnished dining area which may comfortably accommodate up to 42 covers.

There is scope for continued growth, not least with regard to opening in the evenings for more Wine and Dining Experiences which have been sold out on special occasions and dates such as Valentines, Mother’s Day, Christmas parties, etc (evenings already fully booked into next year), a degree of menu and product expansion and the possible provision of local delivery and outside catering services may also provide added revenues.

The business may also benefit greatly by adopting a far more vigorous marketing policy of its excellent existing facilities and services, particularly with reference to the introduction of online advertising and ordering in order to improve upon the already high levels of turnover and profitability it has achieved since being established in its present form some five successful years ago by the current owner, and we would strongly recommend the earliest possible viewing to avoid disappointment.

Note: An Alcohol Licence has been granted which will allow for longer opening hours i.e. 7.30am to 10.00pm – hence greater revenue.  Also, opening hours could be extended to include Sundays.

Financial Information: Current turnover in the region of £182,000 per annum with huge scope to increase.

Lease: 5-year lease with 3-year break clause

Rent: The current rent stands at approximately £16,632 per annum

Business Rates: £462 per month

Trading Hours: Monday to Saturday 8.45am-4.30pm.  Sunday Closed 

Staff: 3 full-time and 2 part-time plus casual weekend staff

Property Description: Fitted and presented to high trade specifications throughout, these well-maintained leasehold premises provide excellent and highly functional internal business accommodation.

Ground Floor: Inviting glazed double fronted public entrance directly off the high street into a bright and welcoming in-house waiting area, which houses a full range of traditional high quality fixed and freestanding display furniture and shelving, preparation kitchen area with extraction system housing ample work surfaces, storage units, fitted sink unit and a full range of modern appliances.

Exterior: The premises are well signed and presented and afford ample and inviting display window space on to a high footfall High Street.

Note: Would suit an owner/manager to maximise profits.

A full profile is available once a non-disclosure agreement has been signed.

All enquiries to City Business Brokers.

All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.

All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.

Note: Library images may have been used for display purposes

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