Key Features:
- Michelin Guide listed, 2 AA Rosettes
- 2024 restaurant turnover approx. £380,000
- Former bank building with landscaped garden
- New lease from freeholder at £36,000 pa
- Full handover from operator and team
- Two apartments potentially available
An opportunity to acquire an established Michelin Guide-listed restaurant holding two AA Rosettes, occupying a characterful Grade II listed former bank in Chapel-en-le-Frith. Recently reduced to £29,950, with sensible offers invited. The premises could also lend themselves to alternative hospitality concepts, including a café, coffee shop or bistro, subject to the necessary consents.
Since opening in July 2023, Deacon's Bank has built an excellent reputation for Modern British cuisine, securing a listing in the Michelin Guide, two AA Rosettes for three consecutive award years and coverage in The Times. Restaurant turnover was approximately £380,000 in 2024, with sales of approximately £330,000 recorded in the nine months to September 2025.
For an ambitious chef or chef/patron, this presents an opportunity to take over an established, recognised restaurant and develop it under their own direction, without the considerable expense of fitting out a new venue from scratch.
The restaurant has traded across à la carte and tasting menus, Sunday lunches, afternoon teas, private dining, weddings and ticketed events.
The building combines carved stonework, sandstone piers and exposed timber beams with an attractive contemporary fit-out. Accommodation includes a main dining room and bar, a separate second dining room, and a distinctive chef's counter positioned at the original bank vault doorway, leading into a well-equipped commercial kitchen. To the rear is a landscaped garden with terrace and decking.
Most principal fixtures, fittings and equipment are owned by the freeholder and will remain available for the incoming operator's use under the agreed occupational arrangements.
Whilst the existing restaurant concept and reputation offer a starting point, the freeholder is equally open to a purchaser introducing a different hospitality concept. This could appeal to established restaurant groups, independent chefs or operators considering a café, coffee shop, bistro or more casual dining offering, subject to the relevant consents.
The restaurant currently trades Wednesday to Sunday, leaving potential to explore additional trading days or develop daytime and private-event trade.
A new lease will be granted directly by the freeholder, with terms open to discussion to accommodate a suitable incoming operator. The proposed commencing rent is £36,000 per annum.
The current operator and team are prepared to provide a comprehensive handover.
Two apartments above the restaurant are excluded from the sale but may be available by separate negotiation with the freeholder.
Key Features
Reduced asking price £29,950 - sensible offers invitedMichelin Guide-listed Modern British restaurantTwo AA Rosettes for three consecutive award years2024 restaurant turnover approximately £380,000Opportunity for an ambitious chef/patron or established hospitality operatorAlternative café, coffee shop or bistro concepts may be consideredNew lease directly from the freeholder, with terms negotiableProposed commencing rent £36,000 per annumGrade II listed former bank with well-equipped commercial kitchen, chef's counter and rear gardenExtensive landlord-owned fixtures, fittings and equipment available for useComprehensive handover availableTwo upper-floor apartments excluded but potentially available by separate negotiation
Asking Price £29,950 - Sensible Offers Invited | EMF Ref: R37209V
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