A Beautiful Village Coaching Inn For Sale

Business description

A BEAUTIFUL VILLAGE COACHING INN IN ONE OF THE MOST IDYLLIC ENGLISH COUNTRY VILLAGES COMPLETE WITH DUCK POND, A PERFECT SETTING FOR A PERIOD DRAMA. WITH STRONG TRADING FIGURES IN THE VILLAGE OF GREWELTHORPE NEAR RIPON.

> Sales for the year ending 2007 £209,999inc V.A.T. with indicated reconstituted net operating profit of £40,000 50% wet and 50% dry.
> Three en-suite letting rooms with a landlord-approved scheme to introduce a further suite and new catering kitchen.
> A most attractive beer garden (30) to the Rear.
> Delightful private accommodation with three bedrooms.
> Within minutes of Ripon and Harrogate.
> 16 years remaining on a 21 year fully renewable lease landlord and tenant protected.

THE MOST ATTRACTIVE COUNTRY VILLAGE INN WITH A STRONG TRADING BASE AND BAGS OF POTENTIAL TO DEVELOP TRADE FURTHER OFFERED BY WAY OF A LEASE ASSIGNMENT AT £90,000 TO INCLUDE EXTENSIVE FIXTURES AND FITTINGS GOODWILL PLUS S.A.V.

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LOCATION (HG4 3BS)
Located in the heart of the village of Grewelthorpe near Ripon, not only is Grewelthorpe the most attractive village with extremely impressive demographic profile but also the surrounding area has much to offer. On the doorstep is the Cathedral city of Ripon with its racecourse and but a few minutes further is Harrogate, Yorkshires famous Spa town. The Dales of James Herriot fan out from the village offering wonderful walking country and great winding lanes for tourists to explore. Not surprising then that this area is proving to be one of the countries most popular destinations.





PROPERTY DESCRIPTION
Built in traditional Yorkshire Dales stone under a stone slab roof, this beautiful Coaching inn has retained many of its original features. THE MAIN BAR area has an open fire settle seating (18) 20 standing and a traditional wainscot bar front; the floor is a traditional York stone flag. Opposite the bar area is an ‘L’ shaped open room with feature fire place and wood burning stove there is seating for (40) covers and to the rear of the area is a pub games area and darts through. THE RESTAURANT area to the rear has (30) covers and can be used separately to the rest of the trading area for weddings or private functions. The toilet facilities are adjacent to the rear entrance, which leads to the car park and beer garden. There is a catering kitchen and sore area, however planning is in for a new kitchen and store room to be built to the rear of the building with a letting room being developed in it’s original location. There is a large beer cellar under the main building and this is fitted with modern cellar refrigeration.

There are three letting rooms all en-suite one suitable for disabled use, one of the bedrooms is above the old coaching arch and has a stone staircase leading from the rear of the building.



OWNERS ACCOMMODATION
There is a good-sized owners apartment consisting of three bedrooms one currently being used as an office a bathroom kitchen and good-sized living room. All rooms benefit from views of the village or surrounding countryside. The private accommodation can be accessed without entering the trading area.


EXTERNALS
To the front of the building is a tarmac area suitable for picnic tables, which faces into the village. Through the archway is a shared access to the car park full tarmac only two years ago it provides parking for up to 30 cars. Adjacent to the car park is the beer garden with space for up to 8 picnic tables, there is also a storage area fenced in for the bin and general storage.

PREMISES LICENSES
We are advised that the business’s premises license allows for trading 11am until 11pm Sunday to Thursday and 11am until 12 midnight Friday and Saturday. Our clients operate 12 noon until 2pm and 6pm until 11pm throughout the week. A personal licence will be required and our training associates will be delighted to assist in this matter.

TENURE
We are instructed to offer the business for sale by way of lease assignment of a 21 year tied lease from 2003, fully renewable at no further premium with full Landlord & Tenant Act Protection from Jennings pub company at a business rent of £36,000 p.a.

SERVICES
We are advised that the pub benefits from mains services for electric and sewage with L.P.G. Central heating throughout. Rates payable are £660.00 p.a. for the business and £1,200 for domestic with water rates at £1,320.

THE BUSINESS
The business has traded in the year ending 2007 at a level of £209,999 inc V.A.T. and our clients have indicated that the reconstituted net operating profit is in the region of £40,000 p.a. they are expecting an increase this year with there reputation for food increasing the business turnover month on month. The brewery has approved plans for a new kitchen to be built and the conversion of the old kitchen into another letting bedroom. This will enable further development of the food trade; with large numbers of the Grey market in the area during the day and local and destination food travellers from the larger conurbations in the evenings and weekends. This business is ideally suited to a family or new publicans who have a strong feeling for a good pub food offer supported by excellent local trade. We believe that a turnover in the region of £350,000 would be realistic for a competent operator.



THIS BUSINESS OFFERS NOT ONLY THE QUALITY OF LIFE WE ALL WISH FOR BUT ALSO AN OPPORTUNITY TO MAKE AN EXCELLENT LIVING AT THE SAME TIME.

Property information

Property:

Leasehold