Restaurant/cafe for sale in Friar Street, Worcester WR1

Leasehold Vintage Tea Rooms & Café Located In Worcester
Ratings # Trip Advisor 5.0 / Facebook 4.8 / Google 4.8
Licensed
Ref 2884

Location
This delightful Vintage Tea Rooms & Café is located in Worcester city centre. Situated within a prominent and highly visible trading position on Friar Street. The city is a major retail centre, with several covered shopping centres to accommodate the major chains and many independent shops and restaurants, particularly in Friar Street and New Street. The town is easily accessed by the M5 Motorway which runs north-south immediately to the east of the city and offers two exits. Junction 6 (Worcester North) and Junction 7 (Worcester South).

Leasehold Asking Price £34,950 plus sav (£500)

Business Description
Veritas Business sales are privileged to offer to the market this respected Tea Rooms & Café which is located in Worcester. The business has been established for over 15 years and has been in the careful hands of our clients for the past 5 years. She is now offering the business for sale to concentrate on other commitments.
The property is grade II listed and since ownership there has been continual investment in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Also included is their own website and a large inventory of plates, cups, and crockery. G & Teas is owner operated and employs the help of 2 full time & 3 Saturday helpers. For year ending 5th April 2022 they posted an annual turnover of £109,053 with a gp of £78,567 (72%) and produces a decent net profit. They serve breakfast and brunch options, traditional afternoon teas, cream teas, snacks, light lunches, freshly cut sandwiches, toasted sandwiches, jacket potatoes, soups, homemade cakes, specialist coffees, loose leaf teas, cold drinks and alcoholic beverages. All food is freshly prepared to order on site, using only the finest locally sourced produce and they also offer vegetarian and vegan options.
We believe that there is further potential to increase revenue should you wish, by extending the current opening times and maybe joining the online delivery portals such as Just Eat. The business enjoys a strong reputation within the local community and with a high level of regular and repeat trade along with many new and returning tourists. This is a superb opportunity to purchase a turnkey business which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Sunday & Monday - closed
Tuesday - Saturday - 9.00am - 4.00pm

Leasehold
Term : 4 years
Remaining: 2 1⁄2 years
Rent: £14,490 pa
Business Rates: Zero

Ground Floor
Café comprising: Tables & chairs to cover (15), epos till system, small cabinet, undercounter drinks fridge, shelf for glass storage, condiments/cutlery cabinet, shelf unit for plate storage, portable trolley, 8 x cake stands, understairs storage cupboard and stairs leading to the first floor.
Kitchen comprising: Upright freezer (Beko), upright fridge (Beko), stainless steel worktop with 3 door undercounter fridge, wall mounted shelf with microwave, wall mounted paper towel dispenser, wall mounted knife rack, 4 x wall mounted metal shelves, wall mounted metal shelf with panini press (Adexa), electric oven (Smeg), stainless steel table, 4 ring electric hob (Lincat), 2 x metal trolley's, espresso coffee machine (Fracino), coffee grinder (Fracino), hot water urn (Lincat), stainless steel wash basin, stainless steel sink, stainless steel table, insect zapper, servery with storage units below, extraction canopy, storage cupboard with hot water boiler (Zip Aquapoint 3) and exit door leading to the yard.
First Floor
Seating area with tables & chairs to cover (24), glass display cabinet, various wall mounted pictures, 2 x wall mounted mirrors, 2 x baby high chairs, 14 x cake display stands, various plates, corner cabinet and storage cupboard with shelving.
W/C with wash basin and wall mounted mirror.
The property benefits from electric storage heating.

External
Shared rear yard with bin area.