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Property Listing Details

Restaurant/cafe for sale

Market Place, Evesham WR11

£49,995

Description

Business
Hilton Smythe is delighted to welcome to the market this well-established and very popular tea room business in Evesham, Worcestershire. The business was established in 1990 and has been in our clients` careful ownership since 1998. Only now is the business being offered to the market due to our clients` family commitments. The business is open 6 days per week and generates a turnover in the region of £72,000 per annum, with a reported gross profit of approximately 60%.

The turnover is generated from the sale of freshly prepared sandwiches, Panini’s, homemade pies, scones, sausage rolls, cakes and pastries etc. As well as a variety of hot and cold beverages. The business has an excellent reputation within the area, which has generated a very loyal client base with a large amount of repeat trade and word of mouth referrals. There is huge scope for the business to expand the opening hours, perhaps by opening on Sundays, as well as opening in the evening as a bistro.

The property benefits from recently refurbished two bedroom accommodation to the second and third floors, which could be used as owners` accommodation or let out to generate further income. The business would benefit from a small marketing campaign, as there is very little advertising in place. A new owner could also launch a website for the business to promote the goods and services offered. This is an excellent opportunity for a new owner to take this already thriving and popular business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Location
The Gateway Tea Rooms occupy substantial 3-storey premises within the busy Market Place in Evesham, Worcestershire. The business benefits from several public car parks within close proximity to the property, as well as being surrounded by a wealth of complimentary shops and businesses. The business benefits from being located next to the main tourist destination within Evesham, the abbey, on the main market square, where several events are held each year including the River Festival, Asparafest, V.E. Day Festival and two Regattas, as well as the National Morris Weekend, which has 40 teams of 10 making the tea room very busy after the festival. The tea room is also in close proximity to the large shopping mall, which generates a vast amount of footfall and passing trade.

Evesham is a market town and civil parish in the Local Authority District of Wychavon in Worcestershire. The town has a population of 23,575 residents, according to the 2011 census. The area has excellent public transport links with several bus stops within easy walking distance of the property. There are also good a-road links with the A46 just a short drive away, which links to the vast a-road and motorway networks. Worcester is approximately 16½ miles away and Stratford-upon-Avon is 14 miles away

Premises
Grade II listed property, set over three floors, briefly comprising:

Ground floor with:

Recessed doorway.
Open plan tea room with wooden flooring, exposed beams and feature fireplace.
52 internal covers on freestanding wooden tables and chairs.
Glass cake display chiller unit.
Decorated to suit character of property.

Kitchen with:

Fitted units.
Coffee machine.
Gas cooker.
4 x microwave ovens.
Refrigerators/freezers.
Panini press

Rear preparation room with:

Six deck bread oven.
Racking and shelving to suit trade.
Pie die.
Two food mixers.
Dough divider.
Proving oven.

Wash up area with:

Two sink units.
Freezer/dry store.

First floor with:

Customer WCs.
Owners lounge.
Kitchen (currently being modernised).

Second floor with:

Two large double bedrooms.
Bathroom.

The bedroom, lounge and kitchen have all been refurbished to a high standard.

The flat has recently been refurbished with a new carpet, new central heating system, new kitchen and bathroom.

External with:

Well-presented frontage.
Large forecourt seating area.

Tenure
We are advised Leasehold:

Rolling lease
Rent: £1,300 per month

Hours
The business is open:

Monday – Saturday: 9.30am – 4.30pm
Sunday: Closed

Staff
The business is owner run and managed with 5 x part time staff members.

Financial Profile
The business generates a turnover in the region of £72,000 per annum, with a reported gross profit of approximately 60%.

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Swan Lane First School 0.2 miles
  • St Mary's Catholic Primary School 0.3 miles
  • Evesham 0.4 miles
  • Honeybourne 4.8 miles

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Property descriptions and related information displayed on this page are marketing materials provided by Hilton Smythe Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information.