Retail premises for sale in Saint Neots, England, United Kingdom PE19

Business
Please quote reference B07764

CoGoGo welcomes to the Betty Bumbles Vintage Tea Room Limited & Bumbles Bar Limited, a unique Tea Room and Cocktail Bar in St Neots, Cambridgeshire.

Founded approximately 10 years ago and owned for the last 5 years by the current owners, Betty Bumbles has gained a loyal customer base and an excellent reputation. This thriving business, fully renovated and beautifully presented, is being sold due to the owners’ desire for a change of direction.

This unique establishment operates as a cosy tea room by day and transforms into an elegant cocktail bar at night.

Key selling points -

• A well-established business with a strong reputation and regular customers.


• Current owners are willing to offer a handover period for seamless transition.


• Ideal for owner-management or a partnership.


• Real opportunity for growth, especially by extending opening hours and outside catering.

Location
Situated in a prime trading location, the business occupies three floors of an attractive grade 2 listed building, rich in character and period features.

Premises
The premises include:

• A tea room with approximately 20 covers on the ground floor, featuring quality furnishings and a quirky design.


• A bright and spacious cocktail bar on the first floor, accommodating 40 covers.


• Outdoor seating for at least 30 covers, with a pavement license till 10.30pm.


• A well-equipped kitchen, office space, utility areas, staff and customer toilets.

Tenure
The business is currently leasehold, with a monthly rolling lease at £30,000 per annum. The landlord is open to negotiating a new lease with the new owner.

Hours
The current trading hours are -

Tea Room: Monday, Wednesday, Friday, Sunday (10am - 4:00pm), Saturday (10:00am - 5:00pm)

Bar: Thursday (until 1:00am), Friday and Saturday (until 2:00am)

Closed on Tuesdays and Thursdays.

Staff
Owner-managed with the help of casual staff as required.

Financial Profile

• Projected turnover: £156,000 for the tea room and £78,000 for the bar.


• Approximate stock value: £10,000.


• Asset value: £30,000.


• Rates payable: Approximately £2,500 per annum.

We are advised that the financial information provided is an estimate, with further financials available upon request.