Business for Sale in Felixstowe, Suffolk - TEA ROOM & COFFEE HOUSE - Leasehold: £95,950

Key Information

Ref
R32829EC
Type
Catering Businesses: Tea Rooms
Location
England: Suffolk
Tenure
Leasehold
Status
For Sale
Accomodation
3 Bedrooms
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The Oaks Tearoom has been operated by the current owners for approximately 16 years.

It enjoys a superb corner location on “The Crescent” in Felixstowe town centre.

Felixstowe is an economically vibrant Suffolk seaside town, with high employment driven by the UK’s largest container port and also the retirement area of “Old Felixstowe”.

The hallmark of the operation is the in house cooked food they provide.

THE BUSINESS ITSELF

This is a husband and wife operation, which thrives due to their daily specials and the fact all food is made on the premises, which also gives the high GPM.

Lunch times from 12.00 pm to 2.00 pm drive the main turnover, where advance booking is advisable/necessary.

The vendors currently manage business takings to operate below the VAT threshold, via curtailed opening hours (including taking 6 weeks off during the last trading year) to suit their lifestyle.

Current activity drives a healthy profitable return, although in our opinion there is huge potential to increase takings by opening longer/7 days per week, to capture the early morning and evening trade.

The business has a very loyal local following of regular customers, supplemented by visitors from further afield, with Social Media embraced to show their offerings. Additionally the tearoom/coffee house thrives due to its location opposite the main car park.

The business is currently unlicensed, although for occasional afternoon tea celebrations the owners have allowed customers to bring their own “sparkles” without charging corkage. This presents a further opportunity to increase takings.

Business operation is supported via one part time help (10/12 hours per week) and a “Saturday person”.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The property comprises 3 floors, with the business on the ground floor and 1st and 2nd floors offering superb family accommodation.

GROUND FLOOR:

Café area provides 29 covers via 8 tables (area 5.9m x 6.8m approx.)

Kitchen (area 4m x 3.6m approx.). Customer toilet

OUTSIDE AT REAR:

Concrete back yard, bin store & storage shed with chest freezer

FIRST FLOOR:

Large Lounge, Cloakroom, Kitchen & Family Bathroom

SECOND FLOOR:

3 Bedrooms (2 x Doubles & 1 x Single)

Car parking for the town is easily available on street and via the large Crescent pay and display car park opposite the property on the crossroads where the business is located.

Copyright © EMF Group Ltd 2017 Company No: 987654321 - VAT: 111 1234 56