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Commercial Property for sale

Green Cafe, Mill on the Green, Linney, Ludlow, Shropshire

Offers in Region of £130,000

Property Description

Key features

  • Inside and covered outside eating areas
  • Up to a maximum of 65 covers
  • Fully equipped
  • Huge potential to expand business
  • Excellent reputation for good food
  • Bib Gourmand rating
  • A lucrative business

Full description

Tenure: Leasehold

Ludlow has built up an excellent reputation as one of the gourmet capitals of the country. The Green Café is situated on the banks of the river Teme overlooking the weir and Dinham Bridge. Ludlow Castle is in the background and adjoining the premises is the Millennium Green, a large grassy area. The Green Café opened in 2009 on the site of a former mill and quickly built up a reputation as one of the town's finest eating establishments.

The business has an annual turnover of nearly £300,000 and there is enormous potential to expand on this. Presently it is open Tuesdays - Sundays and apart from special events daytimes only. There is a great opportunity for this to be extended to take advantage of the lucrative evening restaurant trade within the town.

There are both inside and outside trading areas. The outside terrace can accommodate around 25 covers. It overlooks the river and has a very high quality electrically operated cover. Wide bi-folding doors lead into the inside café which at a function can accommodate about 36 covers. All tables, chairs, free-standing bar area and fridges will be included. The kitchen is well equipped and all appliances will again be included in the sale. At the rear of the premises is a separate store/preparation room within which there is further equipment and a WC. There are also the required toilet facilities.

The sale of the business includes the good will and fixtures and fittings. All stock at the date of transfer is to be purchased at valuation. The premises also has the benefit of a full restaurant license.

The lease is held for a 5 year period. The present lease on the café expires in July 2018. The rent is £9,500 per annum. The lease on the rear store and preparation room expires in July 2019 and the rent of that is £3,500 per annum.

The contents of the lease and audited accounts will be made available to seriously interested parties after viewing.

Tenure: Leasehold.

Services: Water electricity, gas and drainage.

We have been informed by our client that the current business rates for the Store/Preparation Room are as follows: £907.50 per annum.

Directions On foot from Broad Street in Ludlow town walk along High Street, through the open air market and to the castle. Bear left into Dinham and carry on down the hill taking the first turning on the right and immediately on the left is the Millennium Green on which the Green Café is located.

Property ref: 121_554_4205665

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