Sheila's Cottage Restaurant, The Slack, Ambleside, LA22 9DQ

Sheila’s Cottage is a licensed restaurant tucked away down a quiet lane in the heart of Ambleside serving both lunch and evening meals. It prides itself on the wide selection of home cooked food sourced locally wherever possible. It has been run in its current form for the duration of tenure under our clients.

Ambleside is one of the jewels in the Lake Districts crown and is well positioned to attract many of the 20 million tourists that visit the national park annually. The town lies at the top of Lake Windermere, England’s largest lake and is only 5 miles from Windermere train station to the South and 17 miles from the historic market town of Keswick to the North.

The restaurant entrance is accessed directly from the lane and once inside you’ll find an eclectic mix of original old features, complemented by modern lighting and air conditioning with the dining areas split over two floors.

The ground floor area for circa 30 covers offers many original features including a fireplace. The upper floor is accessed via wide stairs and houses the second and larger dining area offering covers for up to circa 40. The kitchens and customer toilets can also be found on this level.

Ancillary areas include an office, a commercial kitchen, a preparation room, large walk in fridge, store room and staff toilet.

The top floor is where the manager's accommodation can be found.

All fixtures and fittings are to be included within the sale however any items that are owned by a third party or personal to our clients will be exempt.

Sheila’s Cottage has a delightful Lakeland slate façade with very little outside space to tend to making it extremely low maintenance.

Accessed via the restaurant or via the external rear door, the private accommodation is well presented and offers two bedrooms, a living room, kitchen and shower room. The manager currently occupies the apartment.

The current leaseholders have retained the lease for 24 years and in that time have made significant improvements to the building and the business ensuring that year after year it continues to thrive.

They are looking to sell the lease due to retirement and offer the opportunity for the new tenant to run a well-established popular and profitable business in Ambleside town centre. The business is in great order and ready to continue trading immediately.

Whilst the business continues to trade well and would be an excellent opportunity to run a thriving restaurant, we believe alternative use as a shop, either in part or as a whole, would not require the need for a change of use application.

Turnover for year end January 2022 £425,924
Turnover for year end January 2021 £262,659
Turnover for year end January 2020 £453,991
Turnover for year end January 2019 £447,750

Further information can be provided to seriously interested parties.

A new 15 year lease would be granted under terms to be agreed, at an annual rent of £39,000.

Confirmation of business rates payable should be obtained from the Local Authority.