Cafe for saleHigh Street, Leatherhead, Surrey, KT22
Fixed Price £35,000
- Business for sale
- Destination tea room with a regular customer base
- Average takings £1700 - £1800 per week
- Convenient town centre location
- Ideal lifestyle change opportunity, viewing highly recommended
Annie's Tea Rooms is located within the town centre of Leatherhead, which is an historic market town surrounded by outstanding countryside and is the gateway to the nationally important and beautiful Surrey Hills, which includes Box Hill. Leatherhead sits North East of Guildford and South East of Walton on Thames and is within easy reach of the A24 and M25.
This traditional café and tea room has an excellent trading position on the high street, which is a pedestrian only area. The area therefore is busy throughout the day with heavy footfall from the local residents, passing shoppers and staff from the numerous other retail outlets.
The business was purchased by our client in 1993 and provides what is now a well renowned take away and eat in operation, with around 30 covers in total which are arranged as roughly 22 internally and 8 outside of the shop, making it dog friendly with many locals.
Since buying the business our client has expanded Annie's to what it is today and has established a regular and loyal customer base, which generates on average an income in the region of £1,700 - £1,800 per week with limited trading hours through choice. Due to the location, the area provides a good level of footfall from the well populated residential area, although in our opinion the business is not traded to its full potential and could look to provide an evening menu subject to the relevant approval.
The property is fitted to a good standard with traditional fixtures and fittings throughout, along with glass display cabinets for cakes, salads, sandwich fillings and cold drinks and is also well renowned for its afternoon cream teas and Sunday roasts.
TEA ROOM SALES
Accounts show the average takings are in the region of £1,700 - £1,800 per week.
Current records and accounts can be inspected after a viewing.
Monday - Friday 08:00 - 16:00
Saturday and Sunday 09:00 - 16:00
The business is managed by the owner on a day to day basis along with part time members of staff.
A highly visible period property which has been tastefully redecorated by the current owners and now provides an excellent seating area for those wishing to eat in. There is also a cellar which is currently used for storage.
There is a main open plan seating area which provides a welcoming, light and airy feel with approx. 22 internal covers and 8 externally on the pedestrian area. The café offers various setting arrangements at traditional tables and chairs, the majority of which have views in to the kitchen.
There is a one bed flat above the shop which is sublet on a shorthold tenancy agreement at £900pcm. The flat maybe available from September 2016 subject to agreeing landlord terms.
We are advised that the current operators own the freehold and will grant a new 10-year lease on change of ownership. The proposed annual rent is £10,000 per annum exclusive. Rent reviews will be at 5 yearly intervals. All proposed terms are to be fully agreed and are subject to landlord approval.
A wonderful lifestyle change opportunity to purchase a well established traditional tea room and café in a sort after Surrey location, which benefits from a regular and loyal customer base, along with genuine potential to increase income.
An inspection is highly recommended to fully appreciate the location in general and the overall business opportunity.
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