Leasehold Tea Rooms and Restaurant Located In Bourton-on-the-Water

Leasehold Tea Rooms & Restaurant Located In Bourton-on-the-Water
Ref 2410
Location
This thriving Tea Rooms & Restaurant is located in the highly desirable Cotswold tourist hotspot of Bourton-On-The-Water. Centrally positioned and at the end of the main footpath to the car/coach park. Visitor numbers are consistently high due to the several tourist attractions, including the famous model village, Birdland Park and Gardens, and the motor museum. These and the charming town itself draws thousands of visitors throughout the year. Bourton is situated just off the Fosseway, a very busy route running north from Cirencester to Stow-on-the-Wold, close to its junction with the A436 to Cheltenham. Apart from those three towns, Burford, Broadway and Chipping Camden are all within a 15 mile radius of the front door.

Asking Price £110,000 plus SAV (£2,500)

• Established business
• A3 Consent
• Licensed
• Potential to open evenings
• Sale price includes all fixtures and fittings
• Genuine reason for sale
• External seating
• Highly desirable Cotswold tourist hotspot

Opening Hours
Currently trading 350 days a year
Monday – Sunday – 10.00am – 5.00pm
Leasehold
Term: 12 years
Remaining: 9 years
Rent: £32,000 pa
Reviewed: 3 yearly
Rates: £7,500 pa
Business Description
Veritas Business Sales are delighted to offer for sale this delightful and well established Tea Room & Restaurant which is located in Bourton-On-The-Water. The business has been established for over 40 years and has been in the careful hands of our clients since 2011 and is being offered for sale due to a period of ill health in 2018 which has triggered a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Chestnut Tree is owner operated and employs the help of 2 full time and 10 part time members of staff and has an annual turnover of circa £325,000 with a GP of (80%). The menu is traditional English with popular meals such as fish and chips and cottage pie, along with sandwiches, baguettes salads and soups. Cream teas are a house speciality along with advanced booked celebration teas. The menu was developed to allow just a chef and salad bar assistant to manage the kitchen in all but the busiest of periods. Currently producing a good profit even with a reduced takeaway menu to comply with Covid-19 advice and regulations.
We believe that there is further potential to increase trade should you wish by expanding upon the current opening times and opening in the evenings, introducing an ice cream cart and there is scope to increase the covers in the outside area to the frontage. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with 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 gem is not to be missed

Ground Floor
Restaurant comprising: dual aspect double door entrance, tables & chairs to cover (56), sales counter with EPOS till system, display shelving for crockery/glass display & storage, 2 x under counter fridges, double door drinks fridge, ice cream freezer, coffee/hot chocolate machine (Carimali), milk fridge, milk cooler (26 pint capacity), cutlery area with storage shelving and 2 x baby high chairs.
Hallway
W/C with wash basin, electric water heater and wall mounted hand dryer.
W/C with wash basin, electric water heater, baby changing unit and wall mounted hand dryer.
Commercial kitchen comprising: crockery storage shelving, stainless steel sandwich preparation table, 2 x panini press, microwave, 3 chest freezers, dough mixer, 2 x toasters, fridge freezer, dual deep fat fryer, 6 ring commercial range, grill, griddle, hot water boiler, milkshake maker, stainless steel table & gantry, 4 pot dry bain-marie, 3 x commercial microwaves, upright fridge, extraction canopy and wash basin.
Washing up area with stainless steel worktop & under counter fridges, dishwasher and stainless steel sink with waste disposal.
Dry stores with chest freezer and storage shelves.
Hallway with table & chair storage area.
Small internal courtyard used for storage.
Rear communal hallway

External
Rear parking for (1) and Storage unit for bread deliveries.
Front parking for (1) and (1) shared parking space.
Front external lawned area which has planning consent for use 56 days per annum and currently supports (42) covers.

EPC Rating E