Greystones Coffee House & Gallery For Sale

Business description

Offers Around: £595,000 Freehold

Lovely coffee shop and gallery in a picturesque village location. Coffee shop & gallery to seat 52 (+20 outside). Superb duplex 3 bedroom owners' accommodation. £112,067 net t/o - solid profits Occupying a glorious position overlooking the river in the centre of the village, Greystones was built of traditional Lakeland style in 1905, becoming a guest house in the 1980s with a boat maintainance yard behind, before undergoing a complete transformation in 2003. The property now houses a very successful coffee shop and gallery making an excellent lifestyle business, complimented by superb and spacious owners' duplex-style accommodation with stunning unhindered views out over the village to the fells beyond. William Wordsworth, a frequent visitor to the area, once described Ullswater as being ''Perhaps the happiest combination of beauty and grandeur which any of the lakes affords.'' Glenridding started life with the development of Greenside Lead Mine above the village, which was established in 1690 and very successful and was finally closed in 1960.

Ullswater is a most beautiful lake whose charm lies with its illusion of remoteness yet is only a few minutes drive from the M6. Topped by Pooley Bridge and tailed by Glenridding, the Ullswater Steamers plough its length, giving visitors glorious views of its three reaches and the fells beyond. This tranquil, picturesque area of the national park brings thousands of tourists year-on-year to enjoy the richness of its landscape. The property was acquired by the present owners in 2000 and during their ownership they have completely refurbished it from top to toe, adding the extension to the rear and completely fitting out the catering kitchen and coffee shop as well as creating the superb owners' accommodation. Since its completion, the owners have established an excellent, well managed business with solid turnover and profits, ideal for a new entrant into the hospitality industry or an established operator equally. However, due to family committments the owners have now decided to sell this well known and profitable business.

THE PROPERTY
Built in traditional Lake District style with slate walls and under a pitched slate roof, the accommodation is laid out on ground and two upper floors with an additional ground floor single storey extension with a built up mineral felt roof.

PUBLIC AREAS
Entrance hall. Front coffee shop to seat 20, having a wood burning stove, recessed lighting and delightful bay window. Serving area with bench seating for a further 8. Attractively proportioned and well decorated gallery area to seat 24 with gallery hanging system and spotlight rail.

OWNERS' ACCOMMODATION
There is excellent accommodation for the resident owners or for staff, comprising landing area, bathroom being fully tiled to all walls and floor and having a three piece suite. Office and three good size bedrooms. Lovely spacious living room with beamed ceiling, Velux windows and views across the river. Kitchen with a range of fitted units and beamed ceiling. Store/utility room.

SERVICE AREAS
Ergonomically laid out catering kitchen, being fully clad and having a non slip floor. Stainless steel canopy and extraction. Excellent range of equipment including 3-deck Tom Chandley baking oven.

OUTSIDE
To the front is a spacious patio to seat approximately 20, enjoying delightful views out across the river to the fells beyond. Shared side driveway. Boiler house.

SERVICES
Eden District Council at Penrith. Mains water, drainage and electricity. Oil-fired central heating. Partly double glazed.

TRADE
Certified accounts from the owners' Chartered Accountants in the form of a Trading and Profit and Loss Account show trading profits of £51,299 (before finance costs and depreciation) on net t/o £112,067 for the year ended 30 September 2007.

PRICE
Offers around £595,000 are invited for the freehold property complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

DIRECTIONS
Leave the M6 Motorway at junction 40 and travel west to the next roundabout at Rheged. Take the first exit onto the A592 and continue along this road to the village of Glenridding. Pass over the bridge and turn right in front of the village store and Greystones will be seen prominently on the left hand side of the road. Keswick 16, Lancaster 42, Manchester 94 and London 282.

FINANCE
Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Property information

Property:

Freehold