Garden Centre &Tea Rooms Lincolnshire

  • £199,500
2 Huntingdon Street, Saint Neots, UK

Business Overview

Business ID: BTC20076
  • Retail Business
  • Business Category
  • 2006
  • Year Established

Business Details

  • Business ID: BTC20076
  • Price: £199,500
  • Business Category: Retail Business
  • Business Status: For Sale
  • Business Type: Freehold

Additional Business Details

  • Annual Turnover: £360,000

Business Description

Falcon Commercial is delighted to offer for sale this well-presented Garden Centre with an extremely popular separate Cafe. The business occupies a prime trading position on one of the main roads in Lincolnshire that leads to the coast. It has been under the proud ownership of our clients since 2006 and is now reluctantly being placed on the market as the owner has decided that it is time to semi-retire.

During our client’s stewardship, the business has built up an excellent reputation for its welcoming atmosphere, friendly service, great food and fantastic selection.

This thriving opportunity offers a range of plants, gardening materials, gifts and seasonal products along with its very own daytime Cafe that serves a selection of teas, coffees, cakes and light meals. Food is cooked to order and all produce is sourced locally wherever possible. It is considered the premises are suitable for all types of cuisine.

Our clients business enjoys an all-year-round trade and has sales in the region of £360,000 with excellent gross profit margins. There is tremendous potential to increase turnover and profits by possibly running a modest marketing campaign or offering online sales as the business is currently without a significant e-commerce presence.

This rarely available opportunity is not to be missed, and early negotiations with Falcon Commercial come highly recommended

The Premises
Substantial leasehold premises that enjoys a highly visible trading position on a busy main road. The area benefits from excellent local and passing trade, particularly during the summer months from holidaymakers.

The premises are fitted and well presented to create highly functional internal and external business accommodation.

The premises briefly comprise:
• Retail area
• Café area with approximately 70 covers
• Customer toilets
• Commercial catering kitchen
• Offices
• Storage barn
• Stores rooms
• Garden centre sales area
• Covered plant sales area
• External sales areas
• Customer car parking
• Storage container

Agents Note
Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thank you

Business Details

Opening Hours
• Sun – 10am – 4pm
• Mon – 9am – 4pm
• Tues – 9am – 4pm
• Weds – 9am – 4pm
• Thurs – 9am – 4pm
• Fri – 9am – 4pm
• Sat – 9am – 4pm

Turnover
£360,000

Accounts
Accounts will be provided to genuine purchasers after a formal viewing

Business Rates
Business rates payable: £8,000
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or questions can be made online at the VOA website www.voa.gov.uk

Stock
The business stock value is: £32,000

Staff
The business is run by the proprietor with help from a dedicated team of full and part-time staff who work on a rota basis

EPC
Commercial Energy Performance rating: TBC

Legal Costs
Each party to bear their own legal costs incurred in the transaction. This may not include the Landlords

Tenure
• Leasehold
• We are informed that the business comes with the benefit of a secure lease for 15 years which has 3 years remaining. We are advised that the landlord will grant a new lease to suitable applicants.
• The current rent payable is £24,000n per year
Please Note: The Code for Leasing Business Premises in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through the website: www.leasingbusinesspremises.co.uk

Planning
Potential purchasers are advised to make their own enquiries to the local Council by emailing [email protected]

Viewing
Strictly by appointment with the vendor’s agents, Falcon Commercial email us at [email protected]

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