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Retail premises for sale

£39,950

7 The Square, Grassington BD23

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Property description

Business
Hilton Smythe welcomes to the market the 2 businesses known as Annie and Betty’s Vintage Tea Room and Emporium.

The businesses are distinct and separate.

The traditional and charming tea room serves a good variety of breakfasts, lunches, hot and cold sandwiches, hot and cold drinks, cakes, pastries, cream teas and scones. The afternoon teas are a speciality which have been particularly well received. All items are fresh and home-made.

The business has attracted excellent comments on social media, with 5 star reviews on Trip Advisor and Facebook.

The adjacent quaint Emporium specialises in the sale of vintage dresses, hats, clothing, furniture, jewellery, handcrafted gifts and bric a brac. It has permitted general retail use.

The businesses were started and newly furnished/decorated by our clients 2 years ago.

Our clients are now reluctantly selling for family reasons.

Both businesses have a good reputation and a loyal customer base which is supplemented by the high volumes of tourist trade throughout the year.

Although now established, the businesses could grow further with increased drive and enthusiasm, advertising and marketing.

The businesses are ideal for a buyer looking for a lifestyle change.

Location
This double business is located in the charming market town of Grassington, North Yorkshire.

On the ground floor of a historic Grade 2 listed building. The businesses are in a prime location at the top of the cobbled town square.

Grassington is a lovely scenic town at the heart of the stunning Yorkshire Dales National Park. The town plays host to many annual events including Dickensian Christmas Events, a 1940’s weekend in September and the Grassington Festival in June, attracting many visitors to the area.

The businesses are well and clearly signed and free parking is available in the square.

Premises
The businesses occupy and share the ground floor of a listed historic building.

The premises were split and made as distinct entities about 2 years ago.

The tea shop is entered from the town square through a most welcoming and attractive frontage.

The lovely quaint cafe inside is decorated with vintage and floral shades.

The 1950’s style theme is evident everywhere from china cups and saucers to the waitresses’ costumes.

The tea room caters for up to 32 covers with the possibility of an additional 10 in the adjacent Emporium.
The fully equipped and spacious kitchen and service counter is at the back of the cafe raised up a couple of steps.

The tea shop has A3 planning use.

The Emporium is accessed either directly through an internal double doorway from the tea room or from the town square through its own front door.

The large shop is similarly decorated and fitted to a high standard.

The shop is busy with well stocked shelving, display units and furniture. An ideal vintage shop in which to browse !

At the back of the shop is a raised level which accommodates a good quality toilet with facilities and stock room.

The price includes all chairs, tables, A board, oven, under counter fridge, drinks display, freezer, coffee machine, till, microwave, deli style counter, coffee grinder, toaster, panini machine, display units, shelving, racks and rails.

The assets are valued by our client at £20000.

Tenure
We are advised that the premises (incorporating the 2 shops) are of Leasehold tenure.

The term of the Lease is 5 years from October 2015.
The rent is £24,000 pa. (Our clients have negotiated a lower rate of £20,000, however this rate would need to be negotiated by the purchaser with the landlord).

Both shops are currently exempt from the payment of business rates.

Hours
The business currently opens:-

Wednesday to Sunday 10.00am to 4.00pm.

Closed Monday and Tuesday.

Staff
The owner runs the business with the assistance of part time and casual staff.

Staff costs are approx £20000 pa.

Financial Profile
The combined annual turnover to Dec 17 was approx £93,000 pa ( split £76,500 for the tea room and £16,500 for the Emporium).

Combined gp was circa 75%.

Adjusted combined net profit was approx £20,000.

What Zoopla users think of Malham

Overall rating:

  • currently 3.5 stars
Good - 73%

Ratings breakdown:

  • currently 4.5 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 4.5 stars
Parks & recreation
  • currently 3 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 3 stars
Transport & travel

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  • currently 0 stars
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  • 5
Entertainment & nightlife
  • currently 0 stars
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Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
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  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
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  • 5
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  • currently 0 stars
  • 4
  • 1
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Transport & travel
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Nearby transport

  • Gargrave (7.8 miles)
  • Skipton (7.9 miles)
  • Hellifield (10.3 miles)
  • Leeds Bradford International Airport (19.8 miles)
  • Durham Tees Valley Airport (38.0 miles)
  • Blackpool International Airport (46.9 miles)
  • Heysham Ferry Terminal (37.2 miles)
  • Fell Foot Country Park Ferry Landing (41.2 miles)
  • Lakeside Windermere Ferry Landing (41.3 miles)

Nearby schools

View all schools in Craven
  • Grassington Church of England Voluntary Controlled Primary School (0.1 miles)
  • Threshfield School (0.5 miles)
  • Burnsall Voluntary Aided Primary School (2.4 miles)
  • The Alternative School (13.2 miles)
  • Thomas Whitham Sixth Form (20.8 miles)
  • The Maltings College (23.5 miles)
  • Upper Wharfedale School (0.6 miles)
  • Ermysted's Grammar School (7.6 miles)
  • Skipton Girls' High School (7.6 miles)
Note: Distances are straight line measurements

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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