Superbly Presented Character Inn And Restaurant For Sale

Business description

SUPERBLY PRESENTED CHARACTER INN AND RESTAURANT CLOSE TO HOLMFIRTH IN THE WEST YORKSHIRE HAMLET OF NEW MILL AT THE HEART OF 'LAST OF THE SUMMER WINE' COUNTRY




Prominent main road position only 3 miles from Holmfirth with outstanding Pennine views.
Characterful property dating back to 17th Century.
Main Bar traditionally furnished, beamed ceilings etc, seating 20 persons.
2 Dining Areas, Main Restaurant with 74 covers, Back Dining Room with further 20 covers.
Large outside decked patio area with seating for 108 persons plus children's play area.
Fully equipped catering kitchen.
Spacious 4 bedroomed owner's accommodation.
Turnover y/e Dec 07 circa £480,000 (inc. VAT) - trade split 40% wet, 60% food.
Assignment of a Marstons 21 yr lease with 16 yrs remaining.


A WONDERFUL OPPORTUNITY TO ACQUIRE A WELL ESTABLISHED SUCCESSFUL BUSINESS IN ONE OF THE NORTHS MOST SCENIC AREAS.


ASKING PRICE OF £135,000 LEASEHOLD TO INCLUDE FIXTURES, FITTINGS AND GOODWILL, EXCLUDING S.A.V.


THE LOCATION
This established business is situated on the main A635 Penistone to Holmfirth road some 3 miles from Holmfirth. It occupies a large elevated site with outstanding views of the surrounding Pennine scenery. Holmfirth is famous for the popular 'Last of the Summer Wine' series in which the inn has featured. This area of outstanding beauty is extremely popular with tourists throughout the year providing a constant visitor trade. It has become a destination eating house benefiting from its position and views. The larger cities of Huddersfield 8 miles, Wakefield 12 miles and Barnsley 14 miles also provide a large customer catchment area.

THE PROPERTY

Dating back to the 17th Century it maintains a wealth of character with many original features including beamed ceilings and a superb feature old fashioned 'cooking range'.



The Main Bar Area is traditionally furnished featuring a well equipped Central Bar Servery fully equipped for the provision of both cask and keg beers. It has a warm and welcoming feel with a mixture of traditional furniture and leather settees with seating for 20 plus a large standing bar area. The Main Restaurant is well presented and traditionally equipped with quality fittings and furnishings providing 74 covers. There is a Small Back Dining Room with the feature ‘cooking range’ charmingly furnished providing a further 20 covers. Throughout there is a warm and welcoming ambience to welcome its customers. There is a fully equipped Catering Kitchen with all the necessary catering equipment including 'walk in' fridge and freezer (appliances not tested). There is a Basement Beer Cellar.



Ladies, Gents and Disabled W.C.'s.

OWNERS ACCOMMODATION

Situated on the first floor and comprising of 4 double bedrooms, large lounge, kitchen and bathroom.

EXTERNAL

To one side is a large car park for 40 vehicles, to the other side is a large decked patio area with quality furnishing and seating for 108 persons. There is also a large garden with a children's play area. The outside area is a recent addition and has not yet been utilised to its true potential.

TRADING AND LICENSING

We are advised that the business trades with the benefit of a Premises Licence (not seen) which permits the sale of alcohol between the hours of:

Mon - Thurs and Sun 11am - 11pm

Friday and Saturday 11am - 12mn

The current opening hours are:

Monday - Sunday 12nn - 11pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the NCPLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1-day NCPLH Course every 2 weeks. Please telephone us to reserve your place or browse the training section of this site.

GENERAL REMARKS

The business is offered for sale as a lease assignment with 16 yrs remaining on a Marstons 21 yr lease. The lease is full repairing with a full tie on all wet sales. We are advised that the annual rent is £63,000 with annual rates payable of £7,800. We are advised that at the end of the term the lease (not seen by Simmonds) should be renewable with no further premium, subject to the provision of The Landlord and Tenant Act 1954. The property benefits from mains electricic, water, gas and sewerage (no services tested).

THE BUSINESS

Since acquiring the business some 5 years ago our vendor clients have worked extremely hard to establish the solid trading foundation now in place. Turnover for year end Dec 07 was circa £480,000 inc. VAT with trade split 40% wet and 60% food. Our vendors have established an excellent reputation for both good food and fine ales which we believe new and enthusiastic owners should be able to emulate.

This business provides an excellent opportunity for new owners to acquire an established thriving business whilst achieving a good and enviable quality of life. The asking price reflects the location, trading figures and the quality of fixtures and fittings.

Accounting information will be made available to interested parties after viewing.

Property information

Property:

Leasehold