Restaurant And Tea Room In Upper Stowe Northamptonshire For Sale

Business description

Preferred Commercial is delighted to offer for sale this popular restaurant and tea room business, which was established in 1987 and which has been in our client's hands since 2005. The business is only now being placed on the market due to our client's other business interests. The restaurant and tea room operates seven days a week from 10.00am - 5.00pm and generatesn a turnover in the region of £200,000 per annum with a gross profit of 67%. The business offers a variety of fayre including cream teas, snacks, home cooked meals and their popular Sunday roasts, using locally sourced meats. At present the Barn only opens in the evenings for special events and private functions, but a new owner could offer later openings on a regular basis to increase turnover. We are advised that there is a private lawn area, which with permission from the landlord, can be used for wedding marquees etc. The Barn boasts up to 100 covers in delightful rustic surroundings, presented to a very high standard throughout. We feel this represents an ideal opportunity to acquire a thriving and well-established restaurant and tea room business in such a desirable location. Early discussions with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: New 10 year lease agrees
Review: every 3 years
Rent: £10,000 per annum

Leasehold rent:

£10,000 per annum

Location:

The Barn Restaurant and Tea Room is set within a long established shopping and craft complex in the picturesque village of Upper Stowe, in Northamptonshire. The restaurant is surrounded by a variety of complementary shops and businesses including ladies clothing, jewellery, antique shop, sweet shop, hair and beauty salons as well as craft shops and benefits from ample parking with access for coaches. There are brown 'Tourist' signs in the local area with directions to the complex. The village lies just off the A5 and only 3.5 miles from junction 16 of the M1 motorway. The city of Northampton lies approximately 8 miles away, Daventry lies 8 miles to the northwest, while Towcester lies approximately 8 miles southeast.

Premises details:

Restaurant and tea room located in a historic converted barn, set over two levels. Briefly comprising:

Ground Floor
• Main restaurant area with tables and chairs for 50 covers, wood burning stove
• Feature bar area with bar servery, optics display, 2 x refrigerators and bottled beers
• 2 x ladies WCs, one with disabled access and baby changing facilities
• Gents WC
• Still room with chest freezer, upright freezer, 2 x domestic refrigerators, bean to cup coffee machine, urn, toaster and storage shelving
• Kitchen with hand wash basin, Hobart dishwasher, double stainless steel sink unit, fat trap unit, 6-burner hob and oven, Salamander grill, hot cupboard, dough mixer, Robot Coupe food processor, 3 x upright stainless steel refrigerators, chiller cabinet, microwave oven and 4 x stainless steel preparation tables
• Dry store accessed from outside, with racking and shelving to suit

First Floor
Accessed by an open staircase
• Additional restaurant and seating area with space for approximately 50 covers, also used for private parties and functions

External
• Communal free car park serving the whole complex with space for approximately 50 cars
• Courtyard seating area with space for tables and chairs for approximately 50 covers

Business Operation

Trading hours:

Mon - Sun: 10.00am - 5.00pm