A fantastic opportunity has arisen to purchase a beautifully presented and highly regarded tea rooms/coffee shop located in the popular town of Corringham. The business is well established and enjoys an excellent reputation locally, attracting a loyal and growing customer base.
The premises were fully refurbished around 1 year ago and have been fitted out to an exceptionally high standard, creating a warm and welcoming atmosphere. The décor is modern yet characterful, offering a comfortable environment for both regulars and new visitors. All fixtures, fittings and equipment are of good quality and are included in the sale price, providing a genuine turnkey business opportunity.
The tea rooms benefit from an outstanding online reputation, holding consistent 5* ratings on both Google and Facebook. This strong digital presence has helped to establish the business as a trusted and popular choice for coffee, tea, light lunches, and sweet treats within the community.
The business currently enjoys a solid and reliable turnover, yet there remains substantial scope to increase revenue. Opportunities for growth include:
Extending the current trading days and opening hours to capture additional trade.
Introducing a delivery service to reach a wider customer base.
Expanding menu options or developing outside catering opportunities.
This makes it an excellent proposition for both an enthusiastic owner-operator keen to put their stamp on an already thriving business, or for an experienced operator looking to add to their portfolio.
Early viewing is strongly recommended to fully appreciate the quality of the premises and the potential this business offers, please contact us now. RX611287
Location
The premises enjoys a prominent trading position within a well-established parade of shops, attracting steady passing trade and benefitting from its location directly opposite a busy doctors’ surgery, providing excellent potential for custom.
Tenure
We are advised there are approximately 5 years remaining on the lease at a current rental of £10,200 per annum exclusive.
Premises
A semi-detached premises, with forecourt seating area which currently accommodates 4 covers, facia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 500 Sq. Ft. and is arranged as follows:
Tea Room
With laminate flooring, hanging feature lighting, wall mounted air conditioning unit, CCTV and currently arranged to provide a comfortable 20 covers but could accommodate more if required. To the back left hand side of this area is a hip height serve over counter and large display chilled serve over counter, behind this area is equipped with a double display under counter fridge, 2 group coffee machine, coffee grinder, blender, till, and various shelving. A door at the rear of this area leads into a PREPARATION ROOM which is equipped with fridge freezer, under counter fridge, dish washer, stainless steel sink, wash hand basin, toaster, 2 microwaves, oven with domestic extraction over, another oven, and panini press. An opening off this area leads into a DRY STORE with shelving and a chest freezer. Another door at the back of the main coffee shop area leads through to a WC and another door leads into a STORE with under counter fridge.
Trading Hours
Tuesday - Saturday 9 - 4 pm, closed Sunday and Monday. We are advised the premises are licenced for the sale of alcohol until 6 pm however this could be extended, subject to council approval.
Staff
The business is run by the vendor on a full time basis, assisted by 3 part time members of staff.
Turnover
We are advised turnover averages £2,000 per week, working to the usual high gross profit margins associated with the trade.
Business Rates
The premises is subject to a rateable value of £6,400 resulting in zero business rates payable, should small business rate relief apply to a purchaser.
Legal Costs
The ingoing tenant is to be responsible for the cost of the lease agreement.
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.