Village Store and Tearooms in Epsom For Sale

Sought after Country area, SURREY EPSOM

Turnover £ 3,250
Price £70,000

Features

Most Attractive Semi-detached Village Stores, Counter News, Confectionery, Tobacco, Full Free off Licence Plus Adjoining Tearooms

Ample parking for approximately 20 cars (shared with the adjoining local Village Hall).

Front area with seating for 14 persons.

ATTRACTIVE DOUBLE FRONTED MEDIUM SIZED SALES SHOP. Wooden strip floor. Cool display serveover counter, till with EPOS scanning system, 2 upright single door glass fronted fridges, 2 glass topped display deep freezers, multiple display units, electric scales, greeting card display stands. Storage area with shelving.

The TEAROOMS include seating for 12 persons at the back of the store, a side entrance to a tiled floor tearoom with seating for up to 16 persons, plus outside areas, with seating for up to 18 persons.

KITCHEN with fridge, microwave, toaster, panini machine, tea urn, bread oven, barista coffee machines, chest deep freezer, new commercial dishwasher, double sink. Additional deep freezers and upright fridge.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,250 p.w. (Shop 85% / Tearooms 15%). In our opinion the business offers tremendous potential, especially with expanding the catering options and opening 7 days a week.

Staff

The business is operated by the vendor with the assistance of part time staff as required.

The tearooms are operated on a relatively low key basis, with tea/coffee/cakes offered Tuesday to Friday and a more complete selection offered at the weekend. In our opinion offer significant potential for development, including operating a tea garden. There is also the possibility to expand the catering for buffets and refreshments at the busy adjoining Village Hall. Also longer hours & takeaway, can be considered.

Trading Hours

Monday closed all day.

Tuesday to Saturday; Stores 9 am - 5.00 pm Tearooms 9.30am - 3.30 pm
Sunday; Stores 9.00am - 4.00 pm Tearooms 9.30am - 3.30pm

Accommodation

The SPACIOUS living accommodation with FULL OIL FIRED CENTRAL HEATING, comprises:

Ground Floor
Kitchen

First Floor
Large Lounge (5m x 4m)
Sitting room/double bedroom
3 large double bedrooms
Bathroom with bath, shower over bath, w.c. & wash hand basin

Outside

Large garden with lawn and patio. Potential to develop into a tea garden.
Large shed 7m x 3.5m (lighting but no heating)

Tenure

We understand the premises are held on a Trust Lease, the present lease expiring in September, 2029 at a rental of £27,500 p.a. exclusive of rates, next rent review in September, 2026.

It should be noted that the adjoining premises is a Village Hall. A caretaker arrangement is included in the lease, requiring that the tenants look after the Village Hall, handling bookings and cleaning. In return for this and additional concessions offered to the present tenant, the current lease rental is reduced by £20,500 p.a. i.e. THE NET RENT PAYABLE IS £7,000

Uniform Business Rates: Nil payable at present after small business relief

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (£8,000 - £10,000 Approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote