For Sale
Highly popular Restaurant and Farm Shop for sale
Ilminster, Somerset
- Asking Price: £79,995 +SAV
-
Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £225,000, with an adjusted net profit in the region of £55,000. Full financials can be made available upon further request.
Please quote reference B06841
- Tenure: Leasehold
Please quote reference B06841
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and popular cafe/restaurant set in a idyllic scenic Somerset countryside. The business has also introduced a small farm shop side of the business and are proud to be a zero waste shop.
The business has been under the careful and meticulous ownership of our client for many years, building up an excellent reputation. The business has only now come to the open market as our client wishes to leave the industry after many successful years of trading, and who would like to see the business pass to someone with the same drive and enthusiasm to take the business forward.
The Green House offers customers quality breakfast and lunch fayre in a very pleasant restaurant setting and is complimented by its farm shop and delicatessen that sells a range of locally sourced produce. All this further enhanced with the business being proud of its commitment to zero waste. The business is extremely popular with a strong local client base, along with walkers, cyclists, tourists, and other local businesses all using the facility. The 60-cover operation and shop is run with a knowledgeable, enthusiastic, keen, and motivated team of staff with excellent customer service skills, resulting in many excellent reviews. The premises is also an ideal venue to hire for events such as weddings, craft fairs and music events, something that a new owner could actively promote.
This outstanding turnkey business trades on its reputation for quality and service and has outstanding future possibilities.
The current business owner is more than happy to offer a hand over period if required.
A tremendous opportunity to own this well-established and popular business, and early viewings are highly recommended to avoid disappointment.
All fixtures and fittings are included in the sale along with the following equipment:
- Commercial oven
- Dishwasher
- Fridges freezers
- Ice cream freezers
- Milk fridges
- Coffee machine and grinder
- Trestle tables and chairs
- Prep tables and shelves
- Outdoor Bistro tables and chairs
- External wooden seating.
We are advised that the business has 2 full-time and 7 part-time members of staff.
The business hours are -
Monday – 10:00 – 16:00
Tuesday – 10:00 – 16:00
Wednesday – 10:00 – 16:00
Thursday – 10:00 – 16:00
Friday – 10:00 – 16:00
Saturday – 10:00 – 16:00
Sunday – 10:00 – 16:00
The business is located on the stunning 3000-acre Dillington Estate, Ilminster (TA19), in the heart of the scenic Somerset countryside which is regarded as some of the finest in the southwest, much of which is designated an Area of Outstanding Natural Beauty.
It is a popular haven for keen walkers, riders and tourists as the area is well catered for by a network of paths and bridleways. The business is beautifully presented and maintained with clear visible signage and distinctive livery.
The business is located in well-presented restaurant style premises, with exposed beams, service counter and a selection of quality tables and chairs. To the rear there is a full commercial catering kitchen fitted with a range of industry standard equipment, complemented with ample preparation areas and storage. Externally there is ample space for outdoor dining.
The business also benefits from having a separate shop area to complement the food operation, the shop has ample shelving and racking in place for stock, with a service counter with a till area.
The business further benefits from ample onsite parking.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 1 year remaining on the 3 year lease. The rent is £1,380 per month.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
