Sold

Tea @ Thyme

Bridlington, East Riding of Yorkshire

£47,500 +SAV

Ref: 3020

Contact sales negotiator

Declan Bottomley

01204556314

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Description

Hilton Smythe is delighted to welcome to the market Tea @ Thyme. This café was originally established in 2007 but taken over by our clients in 2014. Our clients are now looking to sell the business due to the desire to focus on other business interests.

The café generates its sales from hot and cold food, such as sandwiches, soups, wraps, jacket potato, salads and more. The café also offers a generous gluten free and coeliac menu, this is fantastic for expanding the amount of custom. We are advised that this café is recommended on the coeliac society app and BiteAppy.

According to accounts year ending April 2015, the turnover is £55,400 per annum with a gross profit of 72%. This is a highly profitable business and would be perfect for a husband and wife team.

The café has fantastic reviews on TripAdvisor, this is a great online platform. One of the reviews reads “A unexpected gem in Bridlington”. Showing that this café stands out from the rest, the café is known for its great clean healthy food and friendly customer service. The business does not offer any fried foods.

The business doesn’t have its own website and could hugely benefit from the purchaser looking into this option. A website would promote the store to the tourists and others visiting the town.

There are some other improvements the new buyer could look into in order to boost turnover; such as offering deliveries to the local area and by accepting card payments. There is also the option to start offering outside catering. This could be promoted to local function rooms and local businesses.

This is a fantastic opportunity for a purchaser looking to take over a well-established business in a great profitable location. Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised the business is Leasehold.

Original lease length: 9 years
Remaining lease length: 9 years
For the first 2 years the rent will be £812,50 per month
The rent will be £850 per month for the next 3 years and £933,33 per month for the final 4 months.

Hours

The business is open-

Monday - Saturday: 9am – 3pm
Sunday: Closed

Open till 4pm in the summer and closes mid December – mid January.

Staff

The business is run and managed by our clients with the help of 1 part time member of staff.

Financial Profile

According to accounts year ending April 2015, the turnover is £55,400 per annum with a gross profit of 72%.

Location

Tea @ Thyme is located in Bridlington, East Riding of Yorkshire.

The business is situated on an arterial road in the town. This is the main shopping district and benefits from an abundance of retail trade. In the area are some businesses such as pubs, grocers, newsagents, clothing stores, dry cleaning and much more. The business receives a high amount of trade from the heavy footfall in the area.

The road on which the business is located runs through Bridlington town centre from the coast. This is a great sea side town with a high amount of tourist trade therefore maximising the custom this café receives. Directly facing the café is a bus stop which has regular routes around the town. There is also Bridlington train station which is just a short walk away.

The business is not too far from Hull and York and is a short commute using the great road links in the area. The A165 that runs into Scarborough is two minutes away from the business and it also connects to the A614.

Premises

The business boasts a large single fronted premise and has a terrace to the front. There is a large sign above the store.

The main café area is well decorated and is bright and airy. This is an open plan café with up to 20 covers.

Large toilet capable of handling disabled access with a separate sink area.

Open serving area with serve over counter and cake display. Behind this counter is the main kitchen area which is well laid out and spacious.

Separate area with fridge and freezer for coeliac products

Through to the rear is a room for preparation and cooking, there is also access to the bin shed and yard area.

Equipment includes-
Fixtures and fittings including tables and chairs
Cake display serve over unit
Till
Water boiler
Coffee barista and coffee bean grinder
4 fridges
Panini machine
2 upright fridge freezers
Toaster and separate gluten free toaster
Dishwasher
Oven
All kitchen utensils and equipment
Crockery and cutlery

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