Description: A rare opportunity to acquire a very long established famous tearoom/coffee house/restaurant within this attractive town, under current ownership since 1974, trading daytimes only, serving an easily prepared menu to eat in or takeaway. An appealing aspect of the proposition are the substantial versatile premises, very deceptive, extending to the rear a considerable length. Currently configured to provide retail/takeaway area, front 14 cover dining area, rear 44 cover dining area, commercial kitchen, preparation room (formerly a bakery), wash-up area, cloakrooms, office and storage. Above the business premises is a spacious 3 bedroom maisonette, suitable for owner occupation or could be let to provide additional income which is currently the case. Such is the length of time the business has been established a great deal of regular repeat trade is enjoyed with a boost from visitors/holidaymakers during the busy summer months.
Location: Occupying a sought after valuable trading position, situated in the very centre of the town, fronting the main shopping thoroughfare of South Street, host to other popular businesses ensuring good levels of pedestrian foot flow. At the time of our inspection other surrounding businesses comprised Estate Agents, Gift Shop, Hotel, Pharmacy, Travel Agents, Building Society, Bank, and Sainsbury's supermarket with a number of shopper's car parks also close ensuring easy access. South Street leads to the nearby quayside lying on the River Frome. The quayside is the highest point of navigation on the river for river cruise boats running between Poole Quay and Wareham Quay and where passengers disembark to explore this famous walled town on which walks can be taken. Wareham with its attractive Georgian buildings lies on the A351, a major tourist route, leading to nearby famous Corfe Castle (approx. 4½miles) and onto the popular seaside destination of Swanage (approx. 9½ miles) with its sandy beaches and steam railway. Slightly further afield but quickly reached by car are the bustling towns of Poole (approx. 10 miles) and Bournemouth (approx. 14 miles), the town and associated businesses are anticipated to benefit from the construction of some 700 new homes.
Premises: A character Grade II listed property, feature glazed bay window double frontage, central double entrance doors to LOBBY, inner entrance door opening to the RETAIL/TAKEAWAY AREA, wood effect flooring, window display shelving, pendent and fluorescent strip lighting. Contains 2 freestanding display shelving units in respect of speciality teas and Dorset biscuits, 2 glazed refrigerated serve over display counters and ice cream conservator. Work counter behind with blackboard menus above, host to stainless steel 3 door refrigerated chef counter, coffee machine, coffee grinder, microwave oven and scales. Fitted with stainless steel sink/draining unit with access door to side courtyard. Leading off the retail area is the FRONT DINING AREA, carpeted, feature fireplace and beams, inset ceiling spot lighting, tables and chairs providing 14 covers. To the rear of the retail area, LOBBY with OFFICE AREA leading off, the lobby continues to glazed double doors opening to the REAR DINING AREA, side aspect to courtyard, carpeted, feature open fireplace and exposed brickwork, a mixture of tables and chairs along with some bench seating providing 44 covers. WAITRESS STATION with coffee machine, side lobby providing customer access to the courtyard, also provides access to the CLOAKROOM, tiled floor, part tiled walls, 2 toilets and hand washbasin. The premises continue to the rear and WASH UP AREA, pass through dish washing system, stainless steel shelving. Leading off is the COMMERCIAL KITCHEN, non-slip flooring, part tiled walls, stainless steel sink/draining unit, hand washbasin, 3 door refrigerated salad bar, 6 burner cooker, 2 microwave ovens, grill, twin basket fryer, contact grill and extractor. Beyond the kitchen is the former BAKERY ROOM, suit numerous uses, ideal for preparation or other uses, contains bakery table, prover, bakery oven, storage racking, 2 mixers, fridge, and twin sink unit. Back door opens to the rear of the property, external stairs to FIRST FLOOR DECKED AREA lead to useful STORAGE ROOM.
(None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these).
Accommodation: Extending over 2 floors above the business premises, particularly spacious, suit owner occupiers or could be let on a long or short term basis, currently used as an AIR B&B, generating income of £11,848 for the 2018/2019 financial year. Private front entrance door from the main street, LOBBY, inner entrance door and stairs to FIRST FLOOR and 'L' shaped LANDING AREA with rear aspect and fitted storage. 'L' shaped SITTING ROOM/DINING AREA, front aspect, wall lights, feature fireplace and beams. KITCHEN with side aspect, comprehensively fitted with work counters, base and wall storage units, sink unit, under counter fridge, under counter freezer, cooker and space/plumbing for automatic washing machine. BATHROOM with side aspect, vinyl flooring, tiled walls, airing cupboard, fitted with bath, shower cubicle, hand washbasin, toilet and heated towel rail. BEDROOM 3, a single with front aspect and fitted storage. Stairs to SECOND FLOOR LANDING AREA with rear aspect and where the remaining bedrooms are situated. BEDROOM 2, a double with front aspect, BEDROOM 1, a double with front aspect and feature beams.
Outside: To the side of the property, enclosed COURTYARD offering alfresco dining via freestanding tables and chairs providing 14 covers. Additional rear YARD with storage SHED and providing BIN STORAGE facilities, benefiting from rear access.
Note: It is to the rear of the property where planning permission has been approved for a ground and first floor extension to create a 2 bedroom flat. Should new owners wish to take forward full details can be found under Application Number 6/2018/0044.
Business: Acquired by the current owners in 1974, only now offered for sale in order to pursue retirement. Trading as a daytime tearoom/coffee house/restaurant, serving a popular easily prepared menu to eat in or takeaway, menu lines include breakfasts, sandwiches, rolls, light bites, melts, main courses, desserts, cakes and pastries together with hot and cold soft drinks plus some alcoholic beverages with an alcohol licence held. A great deal of regular all year round trade is received together with a boost from visitors and holidaymakers during the busy summer months to include those taking river trips from Poole to the nearby quay. Such is the size and nature of the premises they would suit a variety of cuisines and could also trade into the evenings.
Trading Hours: The business trades Monday to Saturday 10.00am through to 4.00pm during the winter months, and Monday to Saturday 9.00am through to 5.00pm during the summer months. Additionally the business opens 8 Sundays during the busy peak summer months.
Staff: Operated as a partnership by a husband and wife team albeit they do not work in the business on a day to day basis, predominantly acting in a supervisory capacity. The day to day running of the business is undertaken by staff, 1 full time member of staff and 5 part time members of staff employed with some junior staff plus seasonal staff during the busy summer months.
Takings: Accounting information provided confirms a thriving profitable business but at the same time reflects the level at which the current owners choose to operate it. In respect of the financial year ended 31st January 2019 Sales amounted to £194,079 ex Vat returning a Gross Profit of £134,425 (69%). Even on the predominantly staff run basis the business proved most profitable, new owners can choose to continue to operate the business in a supervisory capacity or work in the business on a day to day basis, reducing the current wages bill.
Comments: The sale of Nellie Crumb provides an opportunity to acquire substantial versatile character premises occupying a valuable trading position within this attractive town, the likes of which rarely become available. Coupled with this is an extremely long established well-known popular business which lends itself to development in the hands of new energetic owners.
Rates: Approximately £7,500 per annum payable.
Price: £599,950 for the benefit of the Freehold, Goodwill, Fixtures, Fittings and Equipment (according to inventory) plus stock at valuation.