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Established Craft Centre Tea Room In Braintree For Sale

Braintree, Essex, UK
Asking Price:
£125,000
Turnover:
£281,000
Net Profit:
£50,000

Sconch Tea Rooms

Turnover circa: £281k

Adjusted Net Profit circa: £50k

BUSINESS SUMMARY

Business Name: Sconch Tea Rooms
Location: Unit 11, Blake House Craft Centre, Blake End, Braintree, Essex, CM77 6SH
Established: 2020
Type of Business: Tea Room/Café

BUSINESS DESCRIPTION

Sconch Tea Rooms is a fantastic tearoom/café located in the heart of Blake House Craft Centre with an exceptional reputation and is known for its high-quality take on traditional food and drink. The establishment is a firm favourite amongst both locals and visitors to the area, with the benefit of being in a modern and cozy leasehold premises with a captive audience being the only food establishment of the 19-unit craft centre.

SERIVCE OFFERINGS

Tea & Coffee: Fresh ground coffee with filtered water and a wide selection of national and international teas.
Afternoon Tea: A range of fresh sandwich quarters, cream cakes, and scones are all served on fine china.
Bottomless Brunch: A full alcohol license is to be enjoyed by customers as part of this unique offering to the area.
Cold Drinks: A range of cold drinks.
Hot & Cold Sandwiches: A range of sandwiches and paninis are available throughout the day and are freshly prepared in store.
Cooked Breakfast: Cooked breakfasts are available, cooked to customers preferred requirements.
Desserts: A range of high-quality and locally produced desserts.

CURRENT OPERATIONS

The business is currently run in tandem with the yarn shop, which will be relocating and will allow an incoming operator the opportunity to take over the adjacent space for either another retail store or additional space for the tearoom.

The business hosts fortnightly biker nights between April and October for hundreds of bikers, which is a huge revenue stream for this business being the sole food outlet for these visitors.

The owners manage the business alongside 1 full-time manager and 8 part-time staff who cater for the 146-cover (58 indoor and 88 outdoor) tearoom, which will remain under TUPE. There are also 4 seasonal holiday staff.

The business holds an alcohol license for consumption on and off-site.

KEY ACHEIVEMENTS

Reviews:
4.6 star rating on 'Google Reviews' with over 80 reviews.

4.5-star rating on 'Facebook’

4.0 star rating on ‘Tripadvisor’

Loyal Customers: Regular, repeat customer base provides ongoing, consistent revenue

EXPANSION OPPORTUNITIES

Delivery: Implementing a delivery service to cater to the increasing demand for at-home dining through directly employed staff or food app delivery partners.
Increase Operational Hours: The tearoom is open until 3pm, so the introduction of evening dining would be a huge benefit to an incoming operator. The vendor operates occasional one-off events into the evening with great success.
Catering: Catering services for events, parties, and corporate lunches.
Website Development: The business attracts customers through its local reputation and passing trade; however, there is an opportunity to develop and implement a dedicated website with ordering capabilities for click-and-collect and/or deliveries.
Additional Locations: The business has established itself as a firm favourite amongst visitors to the craft centre, which can be used to springboard the brand into additional locations with a similar set-up.
Additional Events: The business has previously held open-air theatre nights, which have proved extremely popular, alongside regular games nights, which have boosted revenue and the reach of the business to additional audiences. This can be further capitalised on by an incoming operator.

PREMISES

The premises are a ground-floor retail unit in an extremely busy craft centre, with all units leased to independent operators who specialise in crafts. The premises are available by way of a lease assignment at £22,000 per annum.

The vendor has made significant improvements to the property since inception and introduced new catering equipment and furnishings that offer a warm and welcoming environment for customers and require no further investment from an incoming operator who can capitalise on the extensive fit-out to date with a current capacity of 146 covers, which includes indoor and outdoor seating.

The business is currently split into two areas, one being the yarn shop, where the vendor is moving locations, and the other being the tearoom. This offers scope for an incoming operator to expand their space into the neighbouring retail unit if they wish for an alternative non-competing retail business or additional space for the tearoom. Using the additional space, there is scope to increase capacity by circa 70–100 covers.

Viewing is essential to appreciating the quality of the business on offer.

FINANCIAL INFORMATION

Detailed financial statements will be provided for interested parties.

FURTHER INFORMATION

Further information is available by speaking with us and viewings are strictly by appointment only.

For more information, please contact us.

Property Information

Property:

Leasehold