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Popular Tea Room & Gift Shop in Crosspool, Sheffield For Sale

Sheffield, South Yorkshire

  • Asking Price: £12,999
  • Turnover: The business generates a turnover in the region of £29,000 per annum, with a gross profit of approximately 67%.
  • Tenure: Leasehold

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Hilton Smythe is delighted to welcome to the market this well-established and very popular tea room and gift shop business in Crosspool, Sheffield. The business was established by our client in 2012 and is only now being offered to the market due to our client`s desire for a well-deserved retirement. The business is currently open at a pace to suit our client and operates 5 days per week, generating a turnover in the region of £29,000 per annum, with a gross profit of approximately 67%. Our client offers a wide range of teas, coffee, cakes, snacks and other refreshments, as well as locally produced gifts such as craftwork, greeting cards, artwork, preserves and toys, all of which are sold on a commission basis. Our client also has a regular contract with a local football team for outside catering services. The business has built up an excellent reputation within the area for the high quality of the fayre and goods available, as well as the excellent service offered, which has resulted in a very loyal client base, with a vast amount of repeat trade and word of mouth referrals. The business has a monopoly position within the area with no local competition. The business currently holds an A1 licence and 5* hygiene rating. We feel the turnover could be increased by extending the opening hours of the business, perhaps by opening at weekends. The business would also benefit from a modest marketing campaign to highlight the business and services offered. A new owner could also introduce a website to promote the business. This is an excellent opportunity for a new owner to take this thriving business to the next level; therefore early viewing must come highly recommended.

The business is owner run and managed with 1 x part-time staff member.

The business is open: Monday: 10.00am- 2.00pmTuesday – Friday: 9.00am – 4.00pmSaturday – Sunday: Closed

The Lounge@Crosspool occupies ground floor, mid-parade premises, ideally located in Crosspool, South Yorkshire. The business is surrounded by a wealth of complimentary shops and businesses and benefits from free parking facilities within the area. There are densely populated residential areas within the vicinity, from which the business derives much of its trade. Crosspool is a suburb of the City of Sheffield, approximately 2½ miles from Sheffield City Centre. Crosspool is a middle class residential area in an elevated position above the Porter and Rivelin valleys. The area is well-served by the public transport system, with several bus stops within easy walking distance of the property and one directly outside the property. The nearest railway station is in Sheffield City Centre. The area is also well-served by the A-roads, with the business situated just off the A57, which links to the vast A-road and motorway networks. Rotherham is approximately 11½ miles away and Barnsley is 18 miles away.

Ground floor, mid-parade premises, briefly comprising: Main sales and display area with: 25 x covers (the business can cater for more for parties).Children`s corner with shelving area, books and toys.Sales display area for local artist’s works, local home-made gifts, crafts, cards and preserves (sold on a commission basis).Service counter with electronic cash register, urn, cake display covers and a range of speciality teas. Rear kitchen with: Mini oven.Panini press.Toaster.Twin bowl sink unit.2 x under counter refrigerators.Under counter freezer. WCs with baby changing facilities. External: Access ramp to frontage.Bus stop directly outside.

Tenure
We are advised Leasehold: Original lease length: 7 years Remaining lease length: 5 years Review every: 3 years Rent: £7,000 per annum

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