Property photos
Just added
Business
£545,000
(£545,000.00/sq. ft)
Restaurant for sale
High Street, Telford TF81 sq. ft
Local area information
Property location
Nearby amenities
- Coalbrookdale and Ironbridge CofE Primary School 0.5 miles
- William Reynolds Primary School 0.8 miles
- Telford Central 4.1 miles
- Oakengates 4.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
The riverside village of Ironbridge sits on the banks of the River Severn at the heart of Ironbridge Gorge, which in 1986 became one of the first UK sites to be awarded World Heritage status by unesco. Recognised for the area’s unique and unrivalled contribution to the birth of the Industrial Revolution in the 18th century, the impact of which is still felt across the world today. Its unesco status, along with the large number of local tourist attractions and special events staged in the area ensure a huge number of visitors throughout the year with Grays positioned at its heart and within 50 metres of the famous Iron Bridge.
Grays of Shropshire is a traditional Victorian Grade II listed terraced property constructed of brick under a pitch tile roof, offering accommodation over five floors. It enjoys a number of period features throughout which contribute to its charming ambience. The multi-award winning business has been developed by the current owner since 2016 and has proved exceptionally popular, carving a unique niche in the hospitality market. It enjoys an enviable reputation for its customer service and outstanding food which have been the foundations of this well established and very profitable business. The business and premises are being offered for sale due to the owner’s wish to retire and provide an excellent opportunity for like minded or other commercially minded parties looking for a business and premises with real potential in this prime location.
The property has been operated by the current owner since 2016 developing a feminine French ambience licensed tearoom at the heart of Ironbridge. It quickly began to build an excellent reputation for quality hand-made cuisine and is renowned within the area after winning award after award, becoming a mainstay of Ironbridge High Street. It has built its reputation on providing the best local seasonal produce, along with its award-winning scones, cakes and delicious artisan cheeses, all served with a sense of style & theatre to match. The majority of the business is derived from the tearooms, however there is also the provision of food to local pubs, outside catering, hampers and vintage china hire etc. In addition, the Airbnb has proved exceptionally popular and enjoys an excellent level of occupancy whilst achieving a rate of £145 per night.
With the tearooms only open for 4 days a week, 10am-4pm, our client’s accounts for the financial year ending 31 March 2024 are expected to show total sales of approximately £120,000 with an excellent level of net profit approaching £85,000.
Freehold £545,000 to include goodwill, trade furniture, fixtures, fittings and effects. Stock at valuation in addition.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Grays of Shropshire is a traditional Victorian Grade II listed terraced property constructed of brick under a pitch tile roof, offering accommodation over five floors. It enjoys a number of period features throughout which contribute to its charming ambience. The multi-award winning business has been developed by the current owner since 2016 and has proved exceptionally popular, carving a unique niche in the hospitality market. It enjoys an enviable reputation for its customer service and outstanding food which have been the foundations of this well established and very profitable business. The business and premises are being offered for sale due to the owner’s wish to retire and provide an excellent opportunity for like minded or other commercially minded parties looking for a business and premises with real potential in this prime location.
The property has been operated by the current owner since 2016 developing a feminine French ambience licensed tearoom at the heart of Ironbridge. It quickly began to build an excellent reputation for quality hand-made cuisine and is renowned within the area after winning award after award, becoming a mainstay of Ironbridge High Street. It has built its reputation on providing the best local seasonal produce, along with its award-winning scones, cakes and delicious artisan cheeses, all served with a sense of style & theatre to match. The majority of the business is derived from the tearooms, however there is also the provision of food to local pubs, outside catering, hampers and vintage china hire etc. In addition, the Airbnb has proved exceptionally popular and enjoys an excellent level of occupancy whilst achieving a rate of £145 per night.
With the tearooms only open for 4 days a week, 10am-4pm, our client’s accounts for the financial year ending 31 March 2024 are expected to show total sales of approximately £120,000 with an excellent level of net profit approaching £85,000.
Freehold £545,000 to include goodwill, trade furniture, fixtures, fittings and effects. Stock at valuation in addition.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
More information
Listed by
Sidney Phillips
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