CoGoGo are delighted to welcome to the market The Old Bank, a highly rated tea room in Bungay, Suffolk.
The business was first established in 2013, with our client taking over in 2020. The business is extremely popular within the local area, building up an excellent reputation and regular customer base.
The Old Bank has now come to the open market due to our clients desire to pursue other business interests.
There are many repeat local customers and also others that travel from across Suffolk and Norfolk and beyond.
The tearoom is fully licensed for the sale of alcoholic beverages and is available for exclusive hire as a venue for parties and events.
Key selling points -
Very prominent trading location
New lease in place
Opportunity to add an evening bistro/restaurant
Run to suit – opportunity to reduce current running costs
Recently refurbished
New kitchen installed
Website & social media sites included
Excellent reputation
Scope to improve -
Extend current opening hours
Add evening bistro menu
Reduce current running costs
Promote private parties/hen party & birthdays
Financial Profile
We are advised that the business generates a turnover in the region of £78,000. Further financials can be made available upon request.
