Property photos
Business
£79,999
Retail premises for sale
Saint Neots, England, United Kingdom PE19Local area information
Property location
Nearby amenities
- Eynesbury CofE C Primary School 0.3 miles
- St Mary's Church of England Primary School St Neots 0.5 miles
- St Neots 1 mile
- Sandy 7.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Business
Please quote reference B07764
CoGoGo welcomes to the Betty Bumbles Vintage Tea Room Limited & Bumbles Bar Limited, a unique Tea Room and Cocktail Bar in St Neots, Cambridgeshire.
Founded approximately 10 years ago and owned for the last 5 years by the current owners, Betty Bumbles has gained a loyal customer base and an excellent reputation. This thriving business, fully renovated and beautifully presented, is being sold due to the owners’ desire for a change of direction.
This unique establishment operates as a cosy tea room by day and transforms into an elegant cocktail bar at night.
Key selling points -
Location
Situated in a prime trading location, the business occupies three floors of an attractive grade 2 listed building, rich in character and period features.
Premises
The premises include:
Tenure
The business is currently leasehold, with a monthly rolling lease at £30,000 per annum. The landlord is open to negotiating a new lease with the new owner.
Hours
The current trading hours are -
Tea Room: Monday, Wednesday, Friday, Sunday (10am - 4:00pm), Saturday (10:00am - 5:00pm)
Bar: Thursday (until 1:00am), Friday and Saturday (until 2:00am)
Closed on Tuesdays and Thursdays.
Staff
Owner-managed with the help of casual staff as required.
Financial Profile
We are advised that the financial information provided is an estimate, with further financials available upon request.
Please quote reference B07764
CoGoGo welcomes to the Betty Bumbles Vintage Tea Room Limited & Bumbles Bar Limited, a unique Tea Room and Cocktail Bar in St Neots, Cambridgeshire.
Founded approximately 10 years ago and owned for the last 5 years by the current owners, Betty Bumbles has gained a loyal customer base and an excellent reputation. This thriving business, fully renovated and beautifully presented, is being sold due to the owners’ desire for a change of direction.
This unique establishment operates as a cosy tea room by day and transforms into an elegant cocktail bar at night.
Key selling points -
- A well-established business with a strong reputation and regular customers.
- Current owners are willing to offer a handover period for seamless transition.
- Ideal for owner-management or a partnership.
- Real opportunity for growth, especially by extending opening hours and outside catering.
Location
Situated in a prime trading location, the business occupies three floors of an attractive grade 2 listed building, rich in character and period features.
Premises
The premises include:
- A tea room with approximately 20 covers on the ground floor, featuring quality furnishings and a quirky design.
- A bright and spacious cocktail bar on the first floor, accommodating 40 covers.
- Outdoor seating for at least 30 covers, with a pavement license till 10.30pm.
- A well-equipped kitchen, office space, utility areas, staff and customer toilets.
Tenure
The business is currently leasehold, with a monthly rolling lease at £30,000 per annum. The landlord is open to negotiating a new lease with the new owner.
Hours
The current trading hours are -
Tea Room: Monday, Wednesday, Friday, Sunday (10am - 4:00pm), Saturday (10:00am - 5:00pm)
Bar: Thursday (until 1:00am), Friday and Saturday (until 2:00am)
Closed on Tuesdays and Thursdays.
Staff
Owner-managed with the help of casual staff as required.
Financial Profile
- Projected turnover: £156,000 for the tea room and £78,000 for the bar.
- Approximate stock value: £10,000.
- Asset value: £30,000.
- Rates payable: Approximately £2,500 per annum.
We are advised that the financial information provided is an estimate, with further financials available upon request.
More information
Listed by
Hilton Smythe Business Sales
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Property descriptions and related information displayed on this page are marketing materials provided by - Hilton Smythe Business Sales. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hilton Smythe Business Sales for full details and further information.