Excellent opportunity to acquire a fully operational refurbished business with a full alcohol license and 30 + covers.
Evie’s Tea Room has become one of the most popular café premises in Reigate with a loyal customer base. The premises recently underwent extensive refurbishment and are fitted out to a high standard including air-conditioning, a new awning, newly fitted kitchen and prep area and a customer toilet. The premises also benefits from an alcohol licence. Current opening hours are from 10am – XXXm Thursday to Monday.
Location
The premises occupy a good location in the heart of Reigate, situated close to the junction with High Street and Bell Street. Church Street benefits from on-street parking (1 hour free) on both sides of the street and an attractive mix of well-known multiple and independent traders.
Accommodation
The accommodation and floor areas are as follows on the Ground Floor only:
Retail area 547 sq.ft (50.82 sq.m)
Kitchen 115 sq.ft (10.68 sq.m)
Total 662 sq.ft (61.50 sq.m)
Rear Preparation and storage area
Terms
TENANCY - The property is held on a full repairing and insuring lease expiring 31st July 2026 at a current rent passing of £27,996 per annum with no further rent reviews. The lease is inside the Landlord & Tenant Act 1954.
PRICE - The lease, goodwill of the existing business, fixtures and fittings are available for £60,000. Trading information and accounts are available upon request.
Excellent potential to extend the opening hours and grow the business. Owner selling due to ill health.
Subject to contract
VAT - We understand VAT is not applicable to the rent.
RATES - The 2023 Rateable Value for the premises is £22,750. The 2023/24 UBR is 49.9 pence in the £. For further information in this regard please contact Reigate and Banstead Council
EPC - This property has an EPC Rating of D (96).
LEGAL COSTS - Each party is to bear their own legal costs
Specification
- Well established Class E Café / Tea Room business for sale
- Benefits from full Alcohol License
- Busy town centre location
- Recently refurbished to high standard
- Passing rent £27,996 per annum on a protected lease until July 2026
- Price for business goodwill & lease £60,000