 | Cafe Tea Rooms & Gift Shop Wolverhampton For Sale Wolverhampton, West Midlands, United Kingdom Advert ref: C1103 FINANCIAL DETAILS | Asking price: £95,000 Sales revenue: £170,000 Net profit: £35,000 Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership is pleased to offer for sale this unusual mix of tea shop, gift shop and card shop, all under the same roof.
The business has been established over 15 years and benefits from a prime location within the local shopping precinct. It has an excellent reputation of stocking a wide range of cards and gifts, both of which attract custom.
The tea rooms operate to a high standard and are listed in the National Tea Shop guide. There are 28 covers and they offer a full lunch menu with cakes and beverages also. Competition comes only from the local pubs who offer a different and more costly menu.
The double fronted premises house the tea rooms, kitchen and 2 sales areas on the ground floor. Upstairs there is a further sales area with stockrooms, office and staff toilet. The lease expires 2010 with a right to renew. Rent is £4,350 per quarter with rates £5,152 p.a.
The business employs a total of 10 staff, most of whom work part time. No more than 4 staff are needed at any one time.
Turnover £170k
Gross Profit £91k
Please ask for full details.
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GENERAL INFORMATION | Years established: 15
Employees: 8
Trading hours: Mon-Sat, 9am-5:30pm
Property: Leasehold
Lease terms
Lease expires 2010 with a right to renew. Rent is £4,350 per quarter with rates £5,152 per annum.
Location
A significant town centre position and close to the main free car park.
Competition / Market
There is little direct competition within the town.
Support & training
A full handover will be arranged.
Financing available
Yes, please ask for details.
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The Business Partnership - Shropshire, Staffordshire, South Cheshire and Mid-Wales | | | |
