Business for sale

Business description

The Business Partnership is pleased to present this wonderful restaurant and tea shop for sale.

Established in 1996, the business has an excellent reputation for quality home cooked food. They offer breakfast, lunch and afternoon tea menus with sugar free and gluten free options readily available.

The business provides 35 covers with full table service as well as a hot or cold take away service.

Located in the heart of one of Telford's busiest towns, the business occupies an imposing red brick building over 3 floors giving a total of approx 1,147sq ft. of space. Rent is £6,800 p.a. with rates of £1,695 p.a. Freehold may be available by separate negotiation.

The business is currently run by the two owners with the support of 4 part time staff. Current opening is to late afternoon from Tuesday to Saturday giving scope for a new owner to extend into evenings and two extra days if desired.

Turnover has been rising steadily and is at £73k for 2007.
Gross profit is £60k giving a very good gross profit margin of 82%.

Please ask for full details.