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Coffee Shop And Tea Room In Belper Derbyshire For Sale

Belper, Derbyshire
Asking Price:
£39,950 Furniture / Fixtures included
Sales Revenue:
£81,085
Cash Flow:
Available on request

Town Centre Location - World Heritage Site Status
**Audited Accounts Y/E 31 August 2017**
Annual Turnover £81,085 (Audited 31 August 17 )
Gross Profit £53,309 (Audited 31 August 17)
Customer Seating For 36 people - Double Fronted Premises
Large Car Park Close by + Further Seating In Garden to Rear
Rated 'Excellent' on Tripadvisor with over 115 Reviews
Licensed to Sell Alcohol -Prosecco + Champagne Events
Potential to increase T/O for Evening Trade/External Catering
Commercial Fitted Kitchen- Scope to Introduce Deliveries
EPC - F

REF 6312 – Leasehold Coffee Shop & Tea Room

Blacks Brokers are delighted to bring to the market this beautifully presented coffee shop and tea room in Belper, Derbyshire.

INTRODUCTION

Gillivon Tea Rooms has been trading since 2013 with our client in ownership since 2017. The business has a solid, repeat customer base and a most enviable reputation in the Belper area with a five-star hygiene rating in place. The business is well known for a friendly atmosphere and exceptional quality foods. It offers a range of breakfasts and lunches along with afternoon teas. Our client has a wonderful ethic of providing the best of food and drink, prepared with care from quality ingredients – these are locally sourced as much as possible and our client has established excellent working relationships with other local businesses to achieve this. Gillivon Tea Rooms also cater for some corporate buffets and private parties – this is an area that would benefit from some active marketing to expand further.

LOCATION

Gillivon Tea Rooms is positioned on Bridge Street in Belper. This town centre location is part of a close-knit community with lots of other local businesses and shops. It is within close proximity of the historical Strutts Mill and next door to a large public car park. The town is charming and picturesque with plenty of tourists all year round along with a good residential population. The area has been awarded “World Heritage” status.

REASON FOR SALE

The business is only being offered for sale due to our clients family commitments and other business interests.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is ten years with rent reviews every three. The current lease began in 2012 at a cost of £211 per week.

BUILDING LAYOUT AND DESIGN

Gillivon Tea Rooms operates from the ground floor of a spacious, three storey property with attractive timber framed windows. The business has large, classic signage and branding displayed above a fully glazed, double frontage. Inside, the main dining area is presented traditionally and to a very high standard, it offers seating for 36. The customer servery/counter area is fitted with a superb La Spaziale Espresso Coffee Machine and electronic till. To the rear is a commercial kitchen complete with six hob range, stainless steel worktops and commercial fridge and freezer. There is a large garden area to the rear of the building which currently offers seating for an additional 15 – this can be developed further to accommodate seating for up to 60. The business also has two customer toilets and a staff toilet. Each area has been carefully finished and is presented well with good quality fixtures and fittings in place – this includes an eclectic collection of vintage crockery.

STAFF

The business is currently operating with the owner there full time along side one full time and two part time staff.

FINANCIAL DETAILS

Gillivon Tea Rooms has traded solidly since opening. We are advised that the business currently has annual turnover of £81,085 (Audited August 2017). It is to be stressed that the business is currently being run at a pace to suit our client and there is scope and demand to expand opening hours to include late night opening.

BUSINESS RATES

The current owner has no business rates payable. Purchasers should make their own enquiries with the relevant Local Authority.

SUMMARY

This leasehold business is well established and generates consistent takings month by month. The lease and running costs are very competitive for this excellent area and the business has an excellent reputation and customer base. There is plenty of scope to develop the business further with the introduction of evening opening and an online presence with booking system. There is also potential to expand catering services, and this will require a strong marketing drive. 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:

Mon - Sat - 9am - 4pm
Sun - 10am - 3pm

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