Established Coffee Shop and Tearooms in Market Drayton

Established Coffee Shop & Tearooms in Market Drayton For Sale
Alcohol License (currently unused)
5 Star Hygiene Rated
Ref 1083

Location

The Buttercross Tea rooms is located in the historic market town of Market Drayton and occupies a fantastic and much sort after trading position opposite the covered buttercross market place along with other complimentary independent retailers in a high footfall pedestrianised town centre.

Business information

Asking Price: £47,500 plus SAV
Turnover: £100,000 pa
GP: 78%
Stock: £3,500

Leasehold

Original term: 10 years
Remaining : 7 years
Reviewed : 5 yearly
Rent: £14,500 pa
Rates: £765.59p pa

Business Description

Veritas Business sales are delighted to offer for sale this respected Coffee shop & Tea rooms concern which is located in the historic town centre of Market Drayton. The business has been established since the 1970s and has been in the careful hands of our clients for the last 7 years and is reluctantly being offered for sale so that he can enjoy a well deserved retirement. Since ownership of the business he has continually invested in new equipment, along with fixtures and fittings which are all bought and paid for and included within the sale price which means that any new purchaser will not need to spend any additional funds for some time. Owner operated, the business requires between 1 and 5 additional part time staff each day depending on the season and has an annual turnover of around £100,000 with a GP of approximately 78%. The business serves a fine range of specialist teas and coffees, cold drinks, breakfasts, light lunches, daily specials, hot & cold snacks, sandwiches, and home made soups. All meals are prepared on site and they only use the freshest locally sourced produce. We believe that there is further potential to increase trade by maybe opening evenings as a bistro or extending the menu to include afternoon cream teas. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade and of course is reliant on the many visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Opening Hours

Monday – Saturday – 9.00am – 5.00pm
Sunday – Closed

Ground Floor
Public area comprising: front access door, side access door, tables and chairs for (16) covers, sales counter with cash register, serve over chilled patisserie display unit, back bar and shelving for storage, pour and serve coffee machine, espresso coffee machine (Expobar) coffee grinder, sink unit, under counter fridge freezer and ambient music system.
W/C and wash basin
Commercial kitchen comprising: extraction system, stainless steel work surfaces, storage units, hot water boiler, 4 pot wet bain-marie, toaster, microwaves x 2, 4 ring electric hob & oven, panini machine, commercial electric grill, large commercial fridge/chiller, under counter fridge, and washing up area with double sink and hand wash basin.
W/C and wash basin
Basement
Dry stores with shelving, fridge and freezers x 3 and storeroom
Upper level mezzanine with seating for (8)
W/C & baby change with wash basin with storage unit

First floor
Tables, chairs and sofas for (16) covers, open fire with log burner and wall mounted TV

Second floor
Office/staff room
Laundry with W/C and wash basin
Small storage cupboard
Loft space

External
Front pavement trading area with seating for (16) and 2 retractable canopies