Historic Warwickshire Tea Rooms for Sale - High Profit, 60+ Seats, £15k Leasehold Near Castle
Warwick, Warwickshire
- Status
FOR SALE
- Date Submitted:
21/06/23
- Advert ID
515321
- Reference
AC9123SJG / Rightbiz
- Call Agent:
- Leasehold: £140,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Quintessential English Tea Rooms in Warwickshire
This is an exciting opportunity to acquire a quintessentially English tearoom trading from premises of significant historic interest, in the heart of Warwick. The business is offered for sale as the vendor now wishes to retire after 12 years of successful trading. An internal inspection is strongly recommended.Excellent trading location in heart of historic Warwick - minutes away from the world renowned medieval castle attracting 800,000 visitors very year
Trading for in excess 20 years – owned by vendor for 12 years
Operating from a characterful Grade II* period 15th century timber framed building as a traditional tearoom with small retail shop selling around 30 loose leaf teas and tea related accessories. alcohol licence held
Seating 60 diners inside and 30 'alfresco’
High turnover business with excellent profits generated – scope for further growth
Strong/regular local trade in addition to tourists visiting the town and castle
Ground floor retail shop/reception, tea room one seating 10, tea room two seating 20, kitchen.
First floor: tearoom three seating 20, tearoom four seating 10, storage
Leasehold - the property is owned by a charitable trust - very reasonable rent £15,000 p.a.x
Internal inspection strongly recommended, by appointment only through Business Partnership
Excellent Google and Tripadvisor reviews
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Listing Statistics
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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