Financial Details
Asking price: £49,000
Sales revenue: £67,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
Advent Business Sales are pleased to offer to the market this very well established and popular tea room with excellent future potential.

Founded over 7 years ago and in the hands of our vendor for over 4 years, it is only now being reluctantly offered for sale as she wishes to retire.

The tea room has 34 covers inside as well as 8 outside in an attractive and fully secure enclosed courtyard.

The business offers all the usual services as well as a specials board, which varies according to the season and the current weather. Its offerings include:
• Hot and cold drinks
• Jacket potatoes
• Sandwiches and baguettes
• Salads, soups, toasties and panini’s
• A good breakfast selection
• Cakes and pastries

The house specials include:
• Quiche
• Chilli
• Casseroles
• Hot filled baguettes
It also offers a takeaway service which has proved popular.

The tea room has an excellent local reputation for quality fayre at affordable prices with where possible, ingredients sourced locally and cooked freshly on the premises.

The team room is fully equipped for purpose and includes:
• 4 ring gas cooker with oven
• 2 microwaves
• 4 slice toaster
• 2 panini grills
• Dishwasher
• Lincat hot water boiler
• 3’ over counter
• Display chiller
• 2 under counter fridges
• 1 freezer, tall fridge
In the cellar is a large and a small chest freezer

We are advised that stock at cost is approximately £200.
REF: 9240NN
General Information
Employees:The business employs 4 part time staff, who work on average 14 hours per week each, as well as the vendors full time. They achieve an excellent weekly turnover of circa £1,400
Trading hours:Mon – Sat: 8.30am – 4pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 5 years Remaining lease: 1 month Review every: 5 years Rent: £8,970 P.A. We are advised that the annual business rates are currently: £2,200
Location:The tea room has an excellent location with a gated and secure courtyard off a busy parade of an affluent town in Northamptonshire. The parade has a myriad of complimentary businesses who all contribute in attracting large footfall levels to the level, these include; hairdressers, cobblers, gift shops, furniture, beauticians, chemist and many more.

Nearby towns include Daventry, Southam and Long Buckby. The area is well served by both the M1 motorway and the A45.
Expansion potential:The business offers excellent scope to increase both turnover and profits further by: 1. Opening on a Sunday and offering roast lunches 2. Having sandwich rounds to the local businesses and factories 3. Opening in the evenings as a bistro and obtaining an alcohol licence 4. Advertising – none is done at present
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