Well Presented Cafe
- Asking Price: £66,500 +SAV
Tea and Tides Cafe generated an advised turnover of circa £116,000as of the 2018 accounts, with an adjusted NET Profit of £40,000.
- Tenure: Leasehold
Hilton Smythe welcomes to the market an exciting opportunity to acquire an exceptionally well run and performing, turn key Café / Tea Room with an excellent reputation.
The business has only now come to the open market as it’s our clients desire to concentrate on their other interests.
The business was established a good number of years ago and has been under the careful and meticulous ownership of our client who has grown the business with an impressive level of turnover.
Tea and Tides Cafe is well known for its very friendly, well presented environment along with its traditional home baking, and benefits from a loyal customer base with strong morning and lunchtime trade.
The Cafe offers quality fayre including:
- Tea's and coffee's
- Selection of homemade soups
- Undertaking in a robust localised marketing campaign to generate new business
- Introduction of a dedicated website to promote the business
- Possibly introduce a facility to hire out the venue for clubs & meetings for various local groups
- Introducing new menus
- Possible expansion of the workforce to help accommodate new business
- Revised operating hours
The sale includes the 3 bedroom apartment above, which is currently let out to tenants on a 6 month short term lease agreement at £700 per month.
It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.
A tremendous opportunity to own this turn key business, and early enquiries must come highly recommended to avoid disappointment.
The business is run and managed by our client with the help of full and part time members of staff.
Monday- Sunday: 9am-4pm
Hythe is a coastal market town on the edge of Romney Marsh, in the district of Folkestone and Hythe on the south coast of Kent. The word Hythe or Hithe is an Old English word meaning haven or landing place.
The business is in the beautiful and picturesque seaside town of Hythe. A thriving town that boasts a unique mile long high street, beautiful gardens, tree lined canal and beaches with boulevard stretching as far as the eye can see.
Tea & Tides commands a fantastic central high street location population plus thousands of all year-round visitors to Hythe.
Terraced style property spread over two floors, entrance through to main trading area and service counter with food display units, all tables and chairs, ground floor kitchenette with additional work surface, fridges and fridge freezers.
To the rear of the site is an additional trading area within the enclosed rear garden.
Additional trading space to the front of the site which is being sold with equipment to enable it to function in its current format.
We are advised the business is being sold as a Leasehold.
Original lease length: 10 years.
Remaining lease length: 5 years as of 2019.
Rent: £16,000 per annum.