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Exciting Tearoom & B&B Business For Sale

Cheltenham, Gloucestershire, UK
Asking Price:
£90,000
Turnover:
£110,626
Net Profit:
Available on request

Business
Please quote reference B06555

Hilton Smythe is delighted to introduce to the market on a leasehold basis an opportunity to purchase a traditional English tea room along with a successful Airbnb apartment. In the Mood tea room has been under the careful and meticulous ownership of our client since 2018 and has only now been introduced to the market as our clients currently have other business interests.

The business prides itself on the quality of its food which is freshly prepared on the premises using local ingredients wherever possible. The menu includes traditional staples such full breakfasts, lunches, and light bites, along with a selection of home baked fayre served in a pleasant tea room environment that can cater for 24 covers inside, with a further 16 external covers.

Currently the owners have decided to temporarily suspend trading within the tearoom due to staffing levels and other business commitments, but they fully intend to reopen as soon as they can, while bookings for the Airbnb side of the business remain unaffected and continue to generate income.

In addition to the tearoom the business also includes a well-established and popular Airbnb two bedroomed apartment, that has undergone a recent programme of refurbishment and generates extra income for the business.

We feel there is scope to increase the turnover for the business by undertaking a robust marketing campaign, via local press and social media platforms, along with further promotion of a dedicated website for the business.

This is an outstanding turn-key business, which offers a new owner the opportunity to take this popular and growing business to the next level, this would be an ideal acquisition for an existing café owner.

Very rarely do businesses of this calibre come to the open market so early viewings are highly recommended.

Location
The business is located in the popular Cotswold tourist destination of Stow-on-the-Wold, surrounded by a host of complementary businesses that leads to a good level of footfall and passing trade.

Stow-on-the-Wold is a popular North Cotswold market town with a great selection of shops and local amenities, including a Tesco’s supermarket, various pubs, and restaurants. The area is well serviced in terms of transport links by road and rail, with train services from both Kingham and Moreton, that run to Paddington station London.

Premises
The business is located in a traditional Cotswold style tearoom premises, with a main seating area with a mixture of tables and chairs, along with a service counter with various displays. To the rear is a fully operational catering kitchen, along with w/c facilities.

Above the tearoom is a very well presented two bedroom apartment, that has undergone a programme of refurbishment and consisting of, two bedrooms, lounge area, kitchen and bathroom.

Tenure
We are advised that the business is being sold on a Leasehold basis, with 9 years remaining on the 12 year lease. The rent is £17,500 per annum.

Hours
We are advised that the B&B is open all year round. As the the teamroom is currently closed, these hours can be set by the new owner.

Staff
We are advised that the business has 1 full-time member of staff.

Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £110,000, with an adjusted net profit in the region of £40,000. Full financials can be made available upon further request.

Please quote reference B06555

Property Information

Property:

Leasehold

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