Restaurant/cafe for sale in Cowgate, Peterborough PE1

Restaurant/cafe for sale
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Property description

Hilton Smythe welcomes to the market Tamu Dessert Lounge, which was established in 2013 and moved to its current premises in 2016 with refurbishment costs of circa £200,000. Our clients are looking to sell due to family reasons.

Tamu specialise in delicious sweet crepes and waffles, sundaes, cookie dough, hot puddings, American pancakes and handmade Italian gelato ice cream from their own laboratory in the basement of the premises.

They offer a range of sweet indulgent food in a friendly and comfortable environment 6 days a week and their desserts are fresh and made to order. They use the finest ingredients from Belgian chocolate to authentic Italian gelato and their secret recipe crepe mix is made on the premises every morning.

Tamu has its own loyalty card system and has a pore order system on their website, Tamu also has its own Facebook page and has 3.9* reviews on Google and 3.5* on TripAdvisor. The business also has delivery partners with JustEat, UberEATS and Deliveroo.

Although a successful business there is scope for development by:

  • Adding a savoury menu.

  • Applying for an alcohol licence.

  • Open 7 days a week and earlier to incorporate breakfast.

  • There is an ice cream laboratory on the basement level of the business, however, this does not perform to capacity as more ice cream could be produced to sell wholesale.

  • Introduce an advertising campaign

  • Utilise the customer database to introduce a marketing campaign

  • Utilise the permission for 20 seats outside

Hilton Smythe highly advise early viewing to avoid disappointment.

Tamu Dessert Lounge is in the busy town centre of Peterborough, Cambridgeshire, close to the multi storey car park and bus station.

Tamu is positioned on a main street corner surrounded by other shops within a triple fronted shop, which is set over 3 levels.

We have been informed by our clients that they have planning for seating for 20 people outside the premises, on a paved area directly outside.

From this area there are entrance doors to the main restaurant area, with American Diner booth style seating along with tabled seating for over 40.

The main serving counter has ice cream freezer, coffee machine, drinks display, tills, sinks, two waffle makers, under counter fridges. Off the main serving area is a preparation area with undercounter fridges, sinks and dishwasher.

On the first floor are the customer toilets.

At the basement level are

Stockroom with fridges and freezers and racking.

Staff room.

Office with desks and computer system

Ice cream storeroom with 5 freezers

Ice cream laboratory, which is fully fitted out with ice cream making machines etc.

We are advised the business is being sold as a leasehold business opportunity, with a 20-year lease from 2015 and an annual rent of £17,500. The rates are £12,500 per annum.

Monday closed

Tuesday – Thursday 12pm – 9pm

Friday & Saturday 12pm – 11pm

Sunday 12pm – 10pm

The business is managed and run by our husband and wife clients along with 3 members of staff.

Financial Profile
Tamu generates an advised turnover of circa £234,000 per annum, the assets in the business are worth in the region of £60,000 and the average stock value is in the region of £2,000.

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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 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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