Sold
High Quality Award Winning Tea Room
Durham, County Durham
- Asking Price: £99,999 +SAV
- Turnover: As per 2016 accounts the business generated a healthy turnover of around £239,500 with a gross profit at circa 73%.
- Tenure: Leasehold
CoGoGo is delighted to welcome to the market Treats Tea Room. The business was first established in 2001 and was taken over by our client in 2014. The owner is now looking to sell the business due to the desire to focus on other business interests. The business runs as a traditional tea rooms selling a great range of high quality products. They sell hot and cold food to eat-in or take away. They offer, fully cooked breakfasts, jacket potatoes, soup, sandwiches, paninis, a selection of homemade cakes and much more. The business has a wine licence, which allows for the sale of a range of world wines. It also has a licence to play music. As per 2016 accounts the business generated a healthy turnover of around £239,500 with a gross profit at circa 73%. This is a great turnover however we feel the new owner could look into a few other options in order to boost it further. The business is well-established and is known in the area. We feel the new owner should look to offer outside catering and deliveries. These could be promoted using free social media. A website would also be a great way of promoting the business. The tea room already has a great presents on review websites such as TripAdvisor. The business has won many awards including Best Hot Chocolate Award for Durham. Our client has been nominated for 2016’s Employer of the year, at a national level. One of the staff members has also been nominated for 2016’s apprentice of the year, this is on a national level. This award winning business regularly offers special deals such as two for one on drinks, student discounts and more. These are a great way of attracting custom. Another great way to increase trade would be to introduce a loyalty scheme this should boost repeat loyal trade. This is a fantastic opportunity for an experienced purchaser looking to buy a successful tea rooms. CoGoGo highly advise early viewing to admire the quality of this business.
The business is run and managed by our client with the help of 15 members of staff.
The business is open- Monday - Saturday: 8am – 5:30pmSunday: 9am – 4:30pm
Treats Tea Room is located in the town centre of Durham, County Durham. The business is situated in the centre of the town amongst an abundance of retail outlets. The tea room is above The Body Shop store. This area receives a heavy amount of footfall due to the many stores. The town is a historic location that benefits from a high amount of tourist attention. The area hosts many events and days out such as the yearly Food Festival. This business receives a generous amount of trade from tourism and popular town events. This location is just a short drive from the main arterial road in the town which is the A690. The road runs from Durham through to Sunderland. The road also connects to the A1 motorway, the great road links allow for easy commuting to and from Durham. There are many bus routes in this area that have regular daily routes. Durham train station is just a short walk away and runs to York.
The business is located in a first and second floor premise above a retail store. On the ground floor is a doorway that leads out to the main high street; this has steps up to the team rooms. Outside the door is a sign there is also visible signage above the door. The main seating area is well laid out and has been complete to a high standard. This space is open plan with covers of up to 50. To the rear is a service area with a serve over drinks display chiller and counter. This area is well equipped; there is a reasonable sized kitchen also on this floor. On the second floor are customer toilets both male and female, a storage cupboard, cleaning cupboard, large storage area, staff room, office and a food preparation kitchen. Equipment includes-New tillDishwasherWashing machineBrand new kitchen extraction and ventilation unitTurbo fan oven3 x industrial microwaves2 x domestic ovensDouble group head round coffee machineWater boiler8 Pan Bain MarieChilled display counterMarble top salad fridge5 x freezers8 x fridgesChilled drinks cabinetFilter coffee machineTablesChairsAll fixtures and fittings including crockeryCutlery and other essential kitchen equipment and utensils This is a well-presented premise in a great high street location.
Tenure
We are advised the business is Leasehold.Original lease length: 10 yearsA new 5 year lease can be agreed with the landlordRent: £28,000 per annum
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