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Cafe And Tearooms With Accommodation In Southport For Sale

Southport, Merseyside
Asking Price:
£109,950
Sales Revenue:
£220,051
Cash Flow:
Available on request

**Annual Accounts --.--.----**
Annual Turnover £220,051 (Accounts --.--.----)
Gross Profit £166,422 (Accounts --.--.----)
Established Since 1984
Licensed Victorian Tea Room 90 covers
Situated in Iconic Building over 3 Floors
2 Bedroom Accommodation
5* Food Hygiene Rating
Latest afternoon Closing 16:30
EPC - E

REF 6151 – Leasehold Tearoom & Cafe

Blacks Brokers are proud to bring to the market this leasehold tearoom and cafe located in the much sought-after area of Southport, Merseyside.

INTRODUCTION

Ever dreamed of owning your own Tea Rooms in a sea side resort? Then look no further.
This is a lifestyle business, offering the opportunity to live in a beautiful town and operate a wonderful business that has been established since 1984 with our client in ownership since 2004. The business is very much part of the local community and is very well-renowned with a huge base of regular, repeat customers in addition to attracting much passing trade in this excellent trading position.

LOCATION

Situated in the heart of and overlooking, Lord Street, Southport. The layout of the iconic building, as follows
• 1st Floor - Licensed, Victorian Tea Rooms. 90 covers
• 2nd Floor - Function Room. Licensed for 100
• 3rd Floor - 2 Bedroomed Owners accomodation
Nostalgia Tea & Function Room has been trading for over 35 years with our client in ownership since 2004
The business is very much part of the local community ans is very well-renowned, with a huge base of regular, repeat customers, in addition to attracting much passing trade in this excellent trading position

REASON FOR SALE

The business is only being offered for sale due to our client’s retirement.

LEASE

The current lease is 10 years and began in 2012 at a cost of £25,000 per annum, this includes accommodation and living costs. Lease type and further details are to be confirmed.

BUILDING LAYOUT AND DESIGN

Nostalgia Tea & Function Rooms is housed over 3 floors in an iconic, imposing, traditional building, on a busy corner plot, on the famous Lord Street location of Southport and is accessed through a doorway entrance, up to the Tea Rooms, situated on the 1st Floor, offering wonderful views of Lord Street. The main café area is Licenced, with seating for 90, is traditional in appearance, with free standing tables and chairs in place. The large kitchen is well equipped and positioned to the rear of the space, with a dry store and freezer area and access to the cellar and rear external exit. There is a separate area for beverages to be dispensed. Customer toilets and a staff changing room are also on this floor. On the 2nd Floor, is the Large Function Room, used for private functions and events. Licensed for 100, with a large fixed bar and large, well equipped kitchen. On the 3rd Floor is a 2 bedroom owners accommodation, with views overlooking Lord Street. All good sized rooms, Lounge, Kitchen, Shower Room and Office, all with good storage space. The accommodation comes with a Parking Permit for Lord Street. Function Room Toilets are also on the 3rd Floor, along with a Laundry Room

STAFF

The business is currently operating with three members of full time staff in additional to our two clients, in full time employment with an additional 6 part time weekend staff.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annual turnover of £220,051 with gross profits of £166,422.

SUMMARY

This leasehold business is long-established and very well known, it has a good online following and a huge amount of excellent online reviews. There is plenty of scope to develop the business further and there are even more income opportunities through additional function room letting along with longer opening hours and a strong marketing drive from a new owner. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Monday to Saturday: 09:30 – 16:30
Sunday: 10:30 - 16:30

Contact Information

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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