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The French Pantry, 15 Tower Street, Ludlow, Shropshire

£89,950

Guide price

The French Pantry has operated since 2007 and has built up an excellent trade with both locals and people from further afield. Over the years Ludlow has built up an excellent reputation as one of the gourmet capitals of the country and The French Pantry is one of the finer establishments in which to eat. Tower Street is a prime pedestrianized trading position with various businesses.

The business has an annual turnover of almost £250,000 and also shows a good net profit. There is potential to expand as the restaurant is not open presently on Sundays and also presently employs a full-time chef, front of house and several part-time staff. With perhaps a husband and wife team, there is a great opportunity for the profitability to be increased.

The main trading area is on the ground floor within which is a drinks servery. This is divided into two sections and there is also a door leading out to a small courtyard at the rear. Stairs rise up to the first floor which has a room at the front which is presently used as a storeroom but could accommodate more covers if necessary. The kitchen is also on the first floor. Stairs then lead up to the second floor which provides a useful storeroom and an office. There are required toilet facilities.

The French Pantry has been listed in the Michelin Guide for five years and has also received a five-star Guardian review as well as having features in The Sunday Times within which it was rated in the top one hundred restaurants in the country offering a meal for under £20.00. It is also Hardens Guide listed.

The lease is held for a five year period which commenced in April 2016. The rent is £13,000 per annum.

The sale of the business includes the goodwill and fixtures and fittings. All stock at the date of transfer is to be purchased at valuation.

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

Tenure: Leasehold

Services: Mains electricity, water and drainage.

Arrange viewing 01584 318003

Nock Deighton - Ludlow

Bull Ring, Ludlow

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