Restaurants for sale in Ringwood

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Restaurant & Tea Rooms in The New Forest

Ringwood, Hampshire, England

  • Leasehold Price: £125,000
  • Annual Turnover: £370,180
  • Annual Net Profit: £60,000
Seller Reference: GAT2060
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Business Description
 
 
 
 
 
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Seller Reference: GAT2060
Request Details
Business Description
Gator Business Sales is pleased to offer for sale the Old Farmhouse in Burley, the quintessential New Forest restaurant and tea rooms.

Exceptionally well established, the Old Farmhouse Restaurant & Tea Rooms has been providing refreshments to New Forest residents and visitors for in excess of 100 years, the last 14 of which have been under the ownership of our clients.

Stunning premises which briefly comprise 4 distinct interior dining areas (approx. 70 covers), fantastic outdoor tea garden (approx. 50 covers), full commercial kitchen, preparation and wash-up areas, plentiful storage and office space, and unusually for the New Forest, its own car park for circa 28 vehicles with an electric vehicle charging point.

Popular and varied menu featuring cream teas, breakfasts, lunches, light bites etc. The business also benefits from an alcohol license.

Experienced staff to transfer.

Secure lease.

Great TripAdvisor and social media reviews.

5 star FSA food hygiene rating.

Superbly furnished and equipped with quality fixtures and fittings throughout.

Lots of opportunities for growth-minded purchasers, particularly as the business has been trading predominantly day-time hours only by choice of the current owners.

Ideal acquisition for a couple, partnership or family who are experienced in food service and hospitality.

Please note the vendors have requested that no direct approach should be made to them or the staff of this business, and all requests for information need to be made via Gator Business Sales.
Trading hours:
Summer - 9.00am-5.00pm: 7 days a week. Winter – 9.00am-3.30pm/4.00pm: 7 days a week.
Tenure:
Leasehold
Location Details:
Prominent main road position, just a couple of minutes’ walk from the centre of Burley. Stunning two storey part-thatched premises that have benefitted from ongoing maintenance and investment. Internal area is approx. 207.45 m²/2,232 sq ft. Externally there is a delightful tea garden, detached double garage and parking for circa 28 vehicles.
Leasehold Term:
The current 21 year lease runs through until May 2022. Passing rent is £36,500 per annum, payable quarterly in advance. Importantly, we are informed by our clients that the lease is fully renewable under the provisions of the 1954 Landlord & Tenant Act.
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