Ref 6674 – Leasehold Newly Fitted Tea Room
Blacks Brokers are pleased to bring to the market this leasehold tea room located in the busy town centre of Ramsbottom, Bury.
Tea Atelier has been trading on Bridge Street since February 2018. Our client established the business here due to the high amount of footfall in this bustling and popular area. The café is already well known and has a good reputation with a large base of regular customers. Excellent reviews are noted on Trip Advisor, Google and Facebook and our client has established a strong online following via social media channels.
The business is positioned on a busy main road in the heart of Ramsbottom centre. The area is filled with a range of independent businesses such as hair salons, eateries and shops as well as large multiples such as Morrisons and Tesco. The area is well linked by the M66 with good public transport links and free parking is available in the immediate vicinity. Ramsbottom is densely populated residentially yet also attracts a large number of visitors due to a busy steam train station, specialist markets and picturesque surroundings.
The business is ideally suited to a hands-on owner-operator and is offered at this desirable asking price due to our clients change in circumstance and other business interests. This presents an excellent opportunity for an new owner to take the business to the next level.
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is a fifteen year lease which began in 2017 at a cost of £231 per week.
The business is currently operating with four members of staff in employment. Our client and partner are not involved with the day to day running of this business.
Tea Atelier has traded well during it’s first year. We are advised that the business currently has an annual turnover of £77,503 2019 and a Gross Profit of £49,645.32. Full financial details are available upon viewing.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business occupies a superb trading position in a busy area of Ramsbottom. There is plenty of scope to develop the business further with additional seating within the function room or a strong marketing drive for customers to use this space for small private events. This may be something other local businesses could be interested in for working lunches and training events. There is also potential to change this to a bistro and open during the evenings and put an alcohol licence in place. This proposition would ideally suit an owner operating team – this would increase profit margins further and a new hands own owner could really push the business forward, building upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £49,999.
Please quote ref: 6674