 | Tearooms And General Store For Sale Wookey Hole, Somerset, United Kingdom Advert ref: 2035 FINANCIAL DETAILS | Asking price: £575,000 Sales revenue: Undisclosed Net profit: Undisclosed Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | This is a very interesting ‘lifestyle’ business in a rather special location. The current owners have owned the business for many years and latterly have chosen to limit the opening hours so they could take things a little easier; that being said there is huge potential for new owners with energy and vigour.
The business trades as three separate entities and all operate from this large period property.
Tearooms;- A major part of the business especially in the Spring, Summer and early Autumn; there is a large seating area inside (34 covers) together with ‘alfresco’ terrace which can seat around 20 + additional people. A full catering facility can be offered, however the current owners limit the service to tea’s, coffee, cakes, cream tea’s , snacks etc, in the past they have offered a more extensive menu.
General store; As the only shop in the village they offer a wide range of general groceries, ’food to go’ such as sandwiches, hot pies, tea’s coffee’s etc, soft & alcoholic drinks, cards, ice cream etc. in the past they have done newspapers but it became too much of a commitment.
Post Office Counter; as a rural post office it operates on limited hours but still commands a reasonable salary and provides valuable footfall.
In addition to the income streams above the owners have an attached rental property, which is let on short term (6 monthly contracts) this provides an additional income of £385 per month.
It has been suggested that property and business could be converted into a guest- house, which would generate significant revenue given its location.
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GENERAL INFORMATION | Years established: 19 years in current format.
Employees: owners plus part time staff.
Trading hours: limited
Property: Freehold
Living accomodation
4 bedrooms plus 2 reception rooms, gardens, and one bedroomed self conntained annex.
Location
This property is in a superb semi rural location, situated in the famous village of Wookey Hole (home of Wookey Hole Caves). The cave complex was recently been purchased by Gerry Cottle the well-known circus owner (www.wookey.co.uk) and he has already started to invest in the facilities to improve its appeal and visitor traffic, As an all year round tourist attraction the caves generates significant visitors to the village and environs.
Expansion potential
The business trades on hours to suit the vendor, these could be substantially increased.
Competition / Market
none
Support & training
Handover
Reasons for selling
Retirement
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The Business Partnership - Avon, Somerset, South Gloucs, Wiltshire | | | |
