 | Restaurant & Tea Rooms Telford For Sale Telford, Shropshire, United Kingdom Advert ref: C1111 FINANCIAL DETAILS | Asking price: £49,950 Sales revenue: £73,000 Net profit: < £100k Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership is pleased to present this wonderful restaurant and tea shop for sale.
Established in 1996, the business has an excellent reputation for quality home cooked food. They offer breakfast, lunch and afternoon tea menus with sugar free and gluten free options readily available.
The business provides 35 covers with full table service as well as a hot or cold take away service.
Located in the heart of one of Telford's busiest towns, the business occupies an imposing red brick building over 3 floors giving a total of approx 1,147sq ft. of space. Rent is £6,800 p.a. with rates of £1,695 p.a. Freehold may be available by separate negotiation.
The business is currently run by the two owners with the support of 4 part time staff. Current opening is to late afternoon from Tuesday to Saturday giving scope for a new owner to extend into evenings and two extra days if desired.
Turnover has been rising steadily and is at £73k for 2007.
Gross profit is £60k giving a very good gross profit margin of 82%.
Please ask for full details.
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GENERAL INFORMATION | Years established: 12
Employees: 4 par time
Trading hours: Tues, Thurs, Fri, 10am-4:30pm; Wed, 10am-3pm; Sat, 9am-4:30pm
Property: Leasehold
Lease terms
Current 6 year lease expires August 2008 but there is a right to renew and the landlord confirms that he wants the business to stay. Rent is £6,800 p.a. with rates £1,695 p.a.
Location
An imposing red brick building over 3 floors located in the heart of on of Telford's busiest towns.
Expansion potential
Currently, the business is closed on Sunday and Monday and each evening. A new owner could easily extend opening hours to capture this evening trade and fully exploit weekend and bank holiday opening.
Competition / Market
Local competition comes from Oriental and Italian restaurants. There is no direct restaurant competition for this menu type.
Support & training
A full handover can be agreed.
Financing available
Yes, please ask for details.
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The Business Partnership - Shropshire, Staffordshire, South Cheshire and Mid-Wales | | | |
