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Established Restaurant In Greenhead For Sale

Greenhead, Northumberland, UK
Asking Price:
£650,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
Available on request
Net Profit:
Available on request

Established B&B and Restaurant is situated close to Hadrian's Wall, in the “Heart of Northumberland.”.
During the months from May to September, we are fully booked, with guests visiting, walking, cycling, or running Hadrian's Wall. We are also next to the Penine Way, which is very popular with walkers. We also have a license for up to 5 motorhomes, which we allow to stay free in the car park only if they come into dine with us.
We are situated on a retirement park and close to Haltwhistle, Brampton, Hexham, and Carlisle; therefore, we always have local business throughout the year.
Currently, we are open from 3pm Monday to Saturday for check-in and drinks and serve food from 5-8 . On Sunday, we open at noon for our very popular Sunday lunch, which we serve throughout the day.
As well as the main restaurant, we also have a private dining room, an outside patio area, and gardens. Could be a popular venue for weddings and celebrations. This business, in the busy months, would benefit from being open all day, every day, and requires an excellent chef and restaurant/bar manager, which would greatly increase the turnover.
We are planning to retire and have already seen a property we would love to purchase; therefore, we are open to offers to move things forward as soon as possible.

Property Information

Property:

Freehold

Living Accommodation:

We live above the inn, in a very spacious 2 bedroomed flat.

Location:

We are situated on a beautiful retirement park, CA8 7JS, owned by Countrywide Homes.
We are private from the park on 1 acre of land.

Premises Details:

We situated very close to the A69, therefore a lot of passing trade.

Business Operation

Expansion Potential:

We have got plans to an extra 3 rooms. Also, the park owners have land next to us, which is to be developed in to 12 more lodges.

Competition / Market:

The main businesses within a 5 mile radius are, The Greenhead Hotel, The Milecastle, Twice Brewed Inn, we are all busy and we are not affected by any of these businesses.

Reasons for selling:

Retirement

Trading hours:

Monday to Saturday open from 3pm
Sunday open from 12noon

Employees:
6
Years established:
13

Other Information

Support & training:

Of course we are happy to help wherever we can.

Furniture / Fixtures value:
£40,000 - included in the asking price
Inventory / Stock value:
£3,000 - included in the asking price
Home based:
This business can be run from home.