Town Centre Tea Rooms Leasehold For Sale

The property occupies a prominent location on the busy High Street in Stratford upon Avon.

The property comprises a three-storey black and white timber framed building dating back to 1610 which has been modernised over the years but retains many attractive features and a wealth of exposed original timber work. The premises are fitted out to a high standard.

The accommodation comprises a ground floor retail area with seating for approximately 20 covers, door to the fully fitted kitchen and bakery, separate door to attractive rear garden for approximately 50 covers with male and female WC’s. On the first floor there are further seating areas with capacity for 50 covers. On the second floor there is a further seating area with capacity for 20 covers, general office and male and female WC facilities.

Hathaway Tea Rooms has been trading since 1931 and is Stratford’s oldest tea room. There has been substantial investment in the fabric of the building over recent years and in the business. In addition to an upgraded kitchen there is a separate bakery area which offers the opportunity to supply other businesses in the town to increase the turnover. The current business has a close relationship with coach parties visiting the town and this again offers further development. Total covers inside 90 approx.

Opening Hours:

Monday – Friday9.30am – 5.30pm

Saturday9.00am – 6.00pm

Sunday10.00am – 5.00pm

Sunday is the second best day of trading.

Annual net turnover Y/E 31.05.17 £301,000.

Net profit before depreciation c £36,000.

Further financial information is available on request.

The premises are held on the balance of a 15 year lease from 19 April 2011. The rent review due in 2016 has been put back to 2018. There is a further review in 2021.

Rent – £27,000 per annum exclusive.

Sale Price – Offers in the region of £149,700.

More information available upon request, please contact seller below for further details.