The opportunity provides two businesses, comprising the café/restaurant known as “The Bakers of Tower Street” and the holiday letting business, which is run from the two storey apartment at first and second floor level of the property.
1. The profitable businesses are located in the centre of the sought after town of Ludlow within a substantial Grade II Listed property arranged currently as a coffee shop/restaurant and a two bedroomed apartment.
2. Part of the property benefits from a valuable A4 Planning Consent to the commercial section of the property from which the long established business known as “ The Bakers of Tower Street trades.
3. The rest of the property comprises an attractive self- contained two bedroomed apartment from which the vendors have established a holiday letting business, which continues to see "year on year" growth.
4. An opportunity to acquire two profitable businesses.
The premises from which the business trade comprise an attractive part three part two and part single storey inner terraced property with a basement. The property is Grade II Listed and is currently arranged to provide a licenced restaurant/coffee shop within the ground floor, part of the first floor and the basement. This part of the property benefits from an attractive outside seating area.
There is also a two bedroomed apartment benefiting from a separate ground floor entrance and then over the first and second floors this provides generously sized two bedroomed accommodation. This part of the property is the holiday letting business.
The coffee shop provides a ground floor sales area of approximately 598 ft sq (59.31 m sq) with ancillary accommodation including a kitchen and toilets. There is a first floor seating area to the coffee shop and an outside seating area. The coffee shop/restaurant is fully fitted out.
The property is of part traditional timber framework with infill panels and part solid brick construction under a slate roof cover with some flat roof sections. The premises date from the 15th Century and the shop and the apartment benefit from a wealth of feature timberwork.
The sale offers the opportunity to acquire two businesses, which trade from the subject property and are held under the ownership of the vendors. The businesses are only reluctantly offered for sale due to the vendors having an opportunity to acquire another business opportunity.
"The Bakers of Ludlow" offers the opportunity to acquire a long established coffee shop/restaurant opportunity in the town of Ludlow. The business offers a popular, independent cafe offering a friendly welcome and quality, locally sourced food.
Nestled in the heart of Ludlow, Bakers is the perfect place to relax and enjoy freshly cooked food, home-baked cakes and coffee, and also offers a wide selection of quality wines.
The business has current opening hours of:
Monday to Saturday 8am - 5pm
Sunday 9am - 4pm
The business is run by the existing manager with assistance from 12 staff. The property is fully fitted out and a detailed inventory of fixtures and fittings included in the sale is available from the selling agents upon request.
Detailed financial information including financial accounts are available upon request from the selling agents to genuinely interested parties. The business is currently run by a manager on behalf of the vendors and there is the opportunity for the property to open in the evening to increase trade further. The business had a turnover of approximately £193,630 for the financial year 2017.
The vendors have also established a further business within the property, which trades as a holiday letting business from the subject property. This means that the two bedroomed flat has been let as a holiday apartment. The business continues to grow and the fully fitted out apartment offers an opportunity for further business growth. The business had a turnover of approximately £17,300 for the financial year 2017. Detailed financial information including financial accounts relating to the business are available upon request from the selling agents to genuinely interested parties.
The property is prominently located fronting onto Tower Street, in the sought after town of Ludlow. Tower Street is one of the main retail streets in the town centre. Ludlow is an established market and tourist town, located in south Shropshire with a population of circa 11,000 people.