Buy a business

Shortly to Close - Coffee and Tea Shop

Worcester, Worcestershire

Advert ref: 1818JMH

Originally started by our client some 12 years ago as a Chocolate Deli, Coffee Shop and Tea Rooms, we have been instructed to seek a buyer for the assets of this well fitted out business, as our client has exercised his right to not renew the lease, so that he can concentrate on his other business interests.  

All staff have been informed and have an agreement that the business will be closing its doors Saturday, 15 April 2023.   There is a well-fitted out kitchen, which is further supported by a superb servery area to the rear of the premises serving themed teas, coffee, as well as a range of patisserie items and paninis.  

This large double fronted shop premises comes with the possibility of opening up the flat above (currently listed for rateable purposes as storage), which has its own separate entrance and consists of 2-bedrooms, kitchen, bathroom and sitting room.  

This would suit someone looking to enter the lucrative coffee/tea shop market place for less than the cost of fitting out a empty premises.  

We strongly recommend that any seriously interested party make contact with us as soon as possible in order to arrange a viewing, as this opportunity will not be around for long!

Key features:

  • An asset sale only as business is closing Saturday, 15 April 2023.
  • Two-bedroomed accommodation available, but currently being used as storage.
  • Large kitchen area with separate main servery area for all drinks etc.
  • New lease available with terms to be agree.

Property Details: Leasehold
Asking Price: £19,950 (Leasehold)

Excellent city centre location.

Lease Terms:
Leasehold – we understand that a new lease is to be granted at circa £17,000 per annum, however, terms are to be agreed via separate negotiations direct with the landlord, once the sale of assets has been agreed.

Please note that the landlord will require a rent deposit.

We understand that the Adopted Rateable Value is £12,500. However, the net rate payable is thought to be in the region of £3,000 per annum, after allowance is made for Small Business Rate Relief. Prospective purchasers are requested to make their own enquiries to verify the rating and council tax liability for the property.

Each party to be responsible for their own legal and professional fees.

Shortly to Close - Coffee and Tea Shop Worcester, Worcestershire

Financial Details

  • Leasehold: £19,950
  • Turnover: undisclosed
  • Net profit: undisclosed
  • Fixtures value: undisclosed
  • Stock value: undisclosed