Financial Details
Asking price: £95,000
Sales revenue: £130,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
Advent Business Sales are delighted to offer to the market this well established and beautifully presented tea room/restaurant, which has been trading successfully for the past 15 – 20 years.

The current vendor has been in ownership for the last 2 years and is reluctantly selling due to a massive deterioration of his partner’s health, which has left him alone to carry on with the business.

The business has been set out to be Old English in its general appeal and décor, blending this into the beautiful long arched windows, which are all along one side of the room. Both tables, chairs and crockery continue this theme, giving a sense of both grandeur and occasion.

There is nothing expensive or outrageous about the menu, it has been well thought out, offers value for money but is well presented and includes all day breakfast, hot toasted muffins, light lunches, salad platters, jacket potatoes, sandwiches both traditional and also on speciality breads with speciality fillings, toasted sandwiches, side orders, home made scones, desserts and cakes. Tea, coffee, soft drinks and also beers/wines and lagers are on offer.

All dishes are made to order and all food is sourced locally if possible.

Clients are not only local but are also from out of town, as well as tourists and people who visit the area regularly.

The business does very little advertising, relying more on word of mouth but it was in the Good Food Guide over last Christmas.

This business is suitable for a husband and wife team with hotel/restaurant experience, ideal profitable venue
We are advised that stock at cost is approximately £2,000.
REF: 9224DN
General Information
Years established:15 yrs
Employees:The business is staffed by 1 full time employee in the kitchen, 1 full time in front of house and 2 part timers during the week. On Saturday’s there is a total of 7 staff
Trading hours:Mon-Sat: 9am – 4pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 10 years Remaining lease: 2 years Review every: 3 years Rent: £9,000 P.A. We are advised that the annual business rates are currently: £2,200
Location:Our clients beautifully present tea room/restaurant is conveniently located on the town hall square, which becomes a very large open market 3 days a week, of an ancient market town in North Nottinghamshire. It occupies the first floor of a wonderful ‘Georgian building’ with long deep windows and ceiling height to match.

This delightful market town is connected to the capital by rail link and is close to the A1 main trunk road. Its antiquity draws both tourists and visitors during the year, there are also many convenient car parks around the town centre.
Expansion potential:There is a demand for opening some evenings, having theme nights, possible private parties and also Sunday lunches
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