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Cafe for sale

4 High Street, DN37

Leasehold £75,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Leasehold

LOCATION
Newton's Tea Room occupies substantial ground floor premises, ideally located within the quaint and picturesque village of Waltham, near Grimbsy, Lincolnshire. The property is surrounded by a mix of both residential and commercial properties, from which the business derives much of its trade. Being located on the busy High Street, the business benefits from a high volume of footfall and passing trade.

Waltham is located in East Lincolnshire, approximately 4 miles south-west from Grimsby and close to the villages of Scartho, Brigsley, Barnoldby-le-Beck and Bradley. The area is very popular with tourists and visitors and is a popular place in which to live and work, due to its close proximity to Grimsby and Cleethorpes.

The area is served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is in Grimsby. The area is also well served by the A-roads, with both the A16 and A18 being within easy driving distance, which link to the national A-road and motorway networks. Cleethorpes is approximately 5 miles away and Scunthorpe is 29 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and busy tea room business, ideally located within the village of Waltham, Lincolnshire.

The business was established by our clients' in 2011 and is only now being offered to the market due to our clients' other business interests. The business operates 6 days per week and generates a turnover in the region of £102,000 per annum, with a gross profit of approximately 80%.

Our clients offer a wide variety of fayre, including full English breakfasts, breakfast baps, freshly prepared sandwiches, homemade soup, Paninis, jacket potatoes with various fillings and light bite snacks, as well as a varied selection of hot and cold beverages.

The premises have been completely refurbished to a very high standard and boasts a 23 x cover tea room, with another 4 x covers to the front of the premises. The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours and perhaps opening for Sunday trading. A new owner could also branch into an outside catering side to the business or apply for an alcohol licence. The business would further benefit by embarking on a modest marketing campaign to promote the goods and services offered.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial ground floor premises, briefly comprising:

Main service area with:

23 x cover tea room/café.
2 x WCs, one of which has disabled access.
Serve over counter with an electronic cash register (leased).
Chilled cake display unit.
Under counter chiller unit.
Under counter refrigerator.
Coffee machine.
Coffee grinder.
Sink.

Kitchen with:

5 x burner cooker with double oven and griddle.
Double deep fat fryer.
2 x bowl sink unit.
Extraction system.
2 x stainless steel preparation tables.
Panini press.
Under counter refrigerator.
Under counter freezer.
Dishwasher.
Warmer.
2 x microwave ovens.
Boiler.
Stainless steel shelving.

External with:

Front seating area with 4 x covers.
Rear yard/bin area.
External brick store room with a freezer, upright refrigerator, single bowl sink unit and shelving.
Rear passageway leading to side gate access.

TENURE
We are advised Leasehold:

New lease to be agreed.

HOURS
The business is open:

Monday - Saturday: 8.30am - 5.00pm
Sunday: Closed

STAFF
The business is owner run and managed with 6 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £102,000 per annum, with a gross profit of approximately 80%.


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