Summary - The Flat, Sheilas Cottage, The Slack LA22 9DQ
1 bed 1 bath Restaurant
Turnkey, high-footfall business with manager flat and strong margins.
- Long-established, high-turnover restaurant in central Ambleside
Sheila’s Cottage is a long-established, well-regarded leasehold restaurant located in the heart of Ambleside within the Lake District National Park and UNESCO area. The business benefits from high year-round footfall, an established local and visitor customer base, and strong net turnover with healthy profit margins. The premises are attractively presented with exposed stone walls, a cozy period ambience, and modern comforts such as air conditioning and ultrafast 1Gbps internet.
The restaurant spans multiple levels with around 60 covers across ground and first-floor seating, a fully equipped commercial kitchen, walk-in fridge, useful stores and a substantial office. A significant advantage is the two-bedroom apartment on the top floor (currently manager accommodation) which includes a separate kitchen, living room and shower room. The business operates seven days a week and is offered with fixtures, fittings and stock at valuation.
Important commercial facts are straightforward: the sale is leasehold, current rent £35,000pa on full repairing and insuring terms, and the property is offered as a going concern. Rateable value is £23,250 (annual amount payable circa £11,601) but this may be eligible for Small Business Rates Relief. The business is being sold due to retirement and detailed accounts are available to genuinely interested parties.
Buyers should note practical considerations: the building is an older stone property (pre-1900) with low to standard ceilings and traditional fabric; insulation of granite walls cannot be assumed and sympathetic upgrades may be needed. As a leasehold hospitality business in a protected National Park location, any significant alterations could be constrained and will require appropriate approvals. Overall this is a turnkey, high-footfall restaurant with additional residential accommodation — well suited to an owner-operator or investor wanting an established Lakeland hospitality business.
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