Sold

Beautiful Traditional Tea Rooms Set Over Four Floors

Uttoxeter, Staffordshire

£58,250 +SAV

Ref: 2741

Share this property
Share

Description

Hilton Smythe is delighted to introduce to the market the Vintage Tea Emporium. This highly popular tea room has a huge amount of repeat trade and loyal custom. The business was originally established not too long ago in 2011 by our client, seeing year on year growth making it the successful business it is today.

Our client is looking to sell this highly profitable business due to personal reasons. We are advised by our client that the business has been valued for a quick sale and believes the value should be a lot higher.

The beautifully presented period building is split over 4 floors, boasting a function room. The business specialises in afternoon teas and light lunches, serving only high quality loose teas, coffees and homemade cakes. The proof comes from the fantastic reviews on TripAdvisor left by very happy customers.

We are advised the business is currently generating an impressive turnover each year. The turnover is excellent, however we believe this could be increased in several ways. The new owner could look into the following suggestions to increase the revenue.

Consider opening a bistro in the evenings.
Extend opening hours
Develop the outside catering, particularly for the nearby racecourse.
Apply for an alcohol licence, this will improve the hen night and party offering in the function room.
Setting up a website, to extol the services offered.
Starting a small marketing and advertising campaign.

The current owner has been running the business at a steady pace to suit them, and with a hardworking, determined buyer the tea room could be an even greater success.

The asking price includes all of the £30,000’s worth of assets, giving the new owner a fantastic starting business. We are also advised that the existing staff would be happy to stay, assisting the new owner with their knowledge and experience of the business.

The business also generates a little extra revenue from being an agent for the Farrow and Ball paint brand. There is so much potential for the business, with such a fantastic 4 storey character property there is plenty of space for development.

This business would be perfect for anybody who was looking to start up or expand their tea room/café. The property also comes with competitively priced rent. We highly advise early viewing to avoid disappointment on this substantial tea room with 69 covers.

Tenure

Leasehold

We are advised the business is leasehold
Original lease length 2 years
Remaining lease length is under 2 years
Review 1 year
Rent £12,000 per annum

Hours

The business opens:-

Monday-Saturday: 9:30am-4:30pm
Sunday: Closed

Staff

The business is owner run and managed by the owner with the assistance of 1 full time and 4 part time members of staff.

Financial Profile

Available on request.

Location

Vintage Tea Emporium is located in the market town of Uttoxeter, Staffordshire. The area is popular with tourists due to its proximity to Alton Towers theme park and the Peak District National Park. The town also has a race course which also brings in a huge amount of footfall on race days.

The business is located on Market Place a main shopping area in this busy town. The town centre is filled with a vast range of independent retail outlets that complement the tea room. There are a few choices of cafes and other eateries in the area, however there is never a shortage of customers to this tea room.

The town centre location allows the business to benefit from the abundance of public parking and bus stops just a short proximity from the property.

The town has fantastic road links with the A50 and A518 within easy driving distance. These busy A roads link this large part of Staffordshire with the many popular surrounding towns and counties.

Premises

Vintage Tea Emporium is located in the market town of Uttoxeter, Staffordshire. The area is popular with tourists due to its proximity to Alton Towers theme park and the Peak District National Park. The town also has a race course which also brings in a huge amount of footfall on race days.

The business is located on Market Place a main shopping area in this busy town. The town centre is filled with a vast range of independent retail outlets that complement the tea room. There are a few choices of cafes and other eateries in the area, however there is never a shortage of customers to this tea room.

The town centre location allows the business to benefit from the abundance of public parking and bus stops just a short proximity from the property.

The town has fantastic road links with the A50 and A518 within easy driving distance. These busy A roads link this large part of Staffordshire with the many popular surrounding towns and counties.

Read some of our helpful guides and blogs

Blogs

10 brilliantly designed restaurants in the UK

7th October 2016

As a Business Brokers, we’ve come across many restaurants all different sizes […]

Blogs

10 ways to advertise your business for free

28th May 2015

Advertising can be expensive, however when you’re just starting out or are […]

Blogs

4 things to consider when you sell a business

4th January 2018

Every major decision requires careful thought and consideration, and very few decisions […]

Blogs

4 ways to attract buyers to your Fish & Chip Shop

19th February 2018

Despite the ever-increasing range of fast food options available to us in […]