Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Quintessential English Tea Rooms In Warwick For Sale

Warwick, Warwickshire, UK
Asking Price:
£140,000
Turnover:
£313,049
Net Profit:
Available on request

This is an exciting opportunity to acquire a quintessentially English tearoom trading from premises of significant historic interest, in the heart of Warwick. The business is offered for sale as the vendor now wishes to retire after 12 years of successful trading. An internal inspection is strongly recommended.

Key features:
- Excellent trading location in heart of historic Warwick - minutes away from the world renowned medieval castle attracting 800,000 visitors very year
- Trading for in excess 20 years – owned by vendor for 12 years
- Operating from a characterful Grade II* period 15th century timber framed building as a traditional tearoom with small retail shop selling around 30 loose leaf teas and tea related accessories. alcohol licence held
- Seating 60 diners inside and 30 'alfresco’
- High turnover business with excellent profits generated – scope for further growth
- Strong/regular local trade in addition to tourists visiting the town and castle
- Ground floor retail shop/reception, tea room one seating 10, tea room two seating 20, kitchen.
First floor: tearoom three seating 20, tearoom four seating 10, storage
- Leasehold - the property is owned by a charitable trust - very reasonable rent £15,000 -.-.-
- Internal inspection strongly recommended, by appointment only through Business Partnership
- Excellent Google and Tripadvisor reviews

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on lease from a charitable trust for a period of 10 years from 2016. We understand that the lease is held on internal repairing and insuring terms and is subject to a mid-term rent review. Current passing rent is £15,000 per annum, exclusive of business rates.

We understand that a new 10 year lease will be available simultaneous with the business purchase, with the current lease surrendered at the same time - further details and application.

Subject to the status of the assignee, the landlord may request a rent deposit. Our clients paid the equivalent of two months’ rent. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Location:

Excellent location in town adjacent to historic Warwick castle.

Premises Details:

Ground floor retail shop/reception, tea room one seating 10, tea room two seating 20, kitchen.First floor: tearoom three seating 20, tearoom four seating 10, storage

Size in square feet:
1,491

Business Operation

Reasons for selling:

Retirement sale.

Years established:
20