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Beauty spot restaurant to make loss
Friday 29th May 2009, 11:09AM BST.
A controversial taxpayer-funded restaurant at a Shropshire beauty spot which underwent a £2 million facelift is expected to operate at a loss in its first year, new figures revealed today.
The Boathouse Restaurant in Ellesmere is expected to make a loss of £785 in its first year of trading, the business plan tabled by its new operator Shropshire Council says.
Opening – for pictures click here
The food outlet has not opened for business yet but is within the part lottery-funded redevelopment of The Mere unveiled last month.
In its business plan, released under Freedom of Information rules, the council anticipates a loss in its first year – when it will open in the daytime only – but estimates an annual profit of £33,400 once the restaurant opens for evening meals.
A council spokesman said: “As with any new operation, the business plan remains fluid and it is hoped a surplus will be achieved in its first full year of operation.”
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