Restaurant/cafe for sale in Boroughgate, Otley LS21

£28,500
Restaurant/cafe for sale
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Property description

Business
Hilton Smythe is delighted to welcome to the market this well-established and very popular tea room business in Otley, West yorkshire.

Little Corner of The World Café & Tea Room was established in July 2015 and has been in our clients` careful ownership since. Only now is the business being offered to the market due to our clients` family commitments.

The business is open 5 days per week and generates a turnover in the region of £80,000 per annum, with a great profit.

The turnover is generated from the sale of freshly prepared sandwiches, afternoon teas, scones, 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 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
Busy Café and Tea room situated in Otley.

The site is easily accessible on foot with plenty of regular public transport in and out of the town centre along with ample free stay parking in the surrounding area.

Otley is a market town and civil parish at a bridging point on the River Wharfe, in the City of Leeds metropolitan borough in West Yorkshire, England. Historically a part of the West Riding of Yorkshire, the population was 13,668 at the 2011 census

Premises
Ground floor café located in a row of businesses in Otley.

Main trading area with tables, chairs.

Service counter with fitted kitchenette, all stainless preparation equipment, ovens. Fridges and refrigerated food display counters, ground coffee machine.

The business is being offered to the market with all the equipment required to function, including Zettle till system, fridge, freezers, coffee machine, grinder, dishwasher, and much more

Tenure
We are advised the business is being sold as a Leasehold.

Original lease length: 5 years.

Remaining lease length: 1 year as of 2018.

Rent: £11,000 per annum.

No business rates

Hours
Monday - 10am - 5pm
Tuesday - 10am - 5pm
Wednesdays Closed
Thursday - 10am - 5pm
Friday - 10am - 5pm
Saturday - 10am - 4pm
Sunday - Closed

Staff
The business is currently run by our client with the help of two part time and 4 Saturday members of staff

Financial Profile
Little Corner of The World Café & Tea Room generated an advised turnover of circa £80,000 as of the 2018 accounts, with a Net profit of £12,000

Arrange Viewing

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 PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation 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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