Business for Sale in England: West Sussex - HIGH-QUALITY CAKE SHOP & TEAROOMS - Leasehold: £39,500

Key Information

Ref
C32466T
Type
Catering Businesses: Tea Rooms
Location
England: West Sussex
Tenure
Leasehold
Status
Sold
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The business is located in the popular and historic market town of Midhurst which sits between Petworth and Petersfield in the very heart of the South Downs, and just 12 miles north of the thriving city of Chichester.

This attractive shop was completely fitted and equipped in 2012 at a cost of approximately £30,000, and includes an inviting retail space to the front with tearoom to the rear having the potential to seat up to 24 customers. The bright and spacious kitchen is well equipped for the trade and provides a very pleasant and practical food preparation environment. The shop is fully air-conditioned and has clearly been very well maintained by the current owner. We understand that the property is held on a 10-year lease from 2012 at a current rent of £8,500 per annum.

Currently operating just 5 days a week from 9.00am – 5.00pm, the business is run by the owner along with 2 employees (1 full-time and 1 part-time). The shop specialises in top-quality handcrafted cupcakes but also offers a selection of birthday, anniversary, wedding and celebration cakes. The tearoom menu includes a wide selection of cupcakes along with scones, cream teas, patisseries, toasted treats and specials of the day. We are informed that current annual sales are approximately £80,000.

The business is renowned for offering a traditional high-quality service and this is reflected in many positive online reviews. Another lucrative income stream is event catering which is an element of the business with great potential that new owners might wish to develop further.

 

Ref: C32466T Leasehold: £39,500

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