Tea Room & Garden Centre in Spalding For Sale

Unopposed trading position, excellent trading position, LINCOLNSHIRE SPALDING

Turnover £ 5,000
Price £100,000 / £500,000

Features

Well Established Tearoom Plus Farm Shop

2 ACRE SITE

CAR PARK FOR 50 CARS

OUTSIDE SEATING FOR 30 PERSONS

5 STAR HYGIENE RATING

Concrete floor, hanging lights. Sales counter, cash register, cool display counter with refrigerated storage section. Tables and chairs providing seating for 70 persons.

KITCHEN. Stainless steel extractor unit, 6-burner gas cooker, deep fryer, 9 microwaves, fridges, freezers, griddle, 2 Bean to Cup coffee machines.

Walk-in coldroom.

Ladies' & gentlemen's toilet with w.c. and wash hand basin

2 Stockrooms

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w.

Staff

The business is at present operated by the vendor with 5 full time & 5 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 9 a.m - 4 p.m
SUNDAY 10 a.m - 4 p.m

Winter
MONDAY - SATURDAY 10am - 3pm
SUNDAY 10am - 3pm

Tenure

The vendors owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 12 years full repairing and insuring lease with rent reviews every 3 years at a rent of £18,500 p.a. for the first 3 years.

Business Rates from April 2023 £8,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2011 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS AND GARDEN CENTRE £500,000 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) £ 350,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote