The Pantry Kitchen, 2, Golden Cross Passage, which occupies a niche trading position within one of Shrewsbury’s “shuts” linking High Street to Princess Street, is seeking offers of for £70,000 plus stock at valuation.
The period, Grade II Listed building is situated within Shrewsbury Town Centre Conservation Area. Nearby businesses include The Golden Cross Public House and Rackhams department store, whilst there is short stay on-street car parking available in Princess Street.
The Pantry Kitchen has a busy breakfast and lunchtime trade, while it’s transformed in to Cantina Café Mexican restaurant on four evenings a week. Rated in the top 20 Shrewsbury restaurants by TripAdvisor, the business employs two full time and five part-time staff.
The Pantry Kitchen trades Monday to Saturday from 8.30am to 3pm and on Sunday from 10am to 2pm, while Cantina Café is open from 5.30pm to 9pm from Wednesday to Saturday.
The restaurant has been run by business partners Harry Jacobs and chef Dan Forber for two-and-a-half years. After 18 years in the hospitality industry, including working in top London restaurants for eight years, Harry feels it’s time for a career change.
He hopes to run another business with Dan, who has previously been head chef at many local restaurants, including Theatre Severn, Shrewsbury.
“The business is doing very well because it has an excellent reputation in the town,” said Harry. “Most people know about The Pantry Kitchen because it’s been running for over 40 years and, together with the Mexican restaurant, we’re busy seven days a week.”
The restaurant seats around 40 people with a ground floor dining area overlooking Princess Street and a stylish kitchen/servery with an open plan cooking and dining layout fronting Golden Cross Passage.
There is basement cellarage space and three, self-contained flats on the upper floors, which are sub-let and enjoy views over old St Chad’s Churchyard. Two of the flats have one bedroom and the other has two bedrooms.
The property has a current annual rent of £21,000 and the sub-let flats provide an annual income of £13,800.