10 bedroom pub for saleNORTH YORKSHIRE
Sold STC £625,000
- Enviable Yorkshire Dales location, benefiting from good year round trade
- Public Bar (circa 16) with real fire
- Lounge Bar (30+), Dining Area (34+), separate full sized Snooker Room
- 7 en-suite Letting Bedrooms to 4 * ETB Standard
- South facing landscaped Beer Garden with Children's Play Area. Parking (25+)
- 3 Bedroom Owners Accommodation
- Advised Turnover circa £502,645 (inc. VAT) year-end October 2014 and increasing
- Trade split is approx. 40% wet; 30% food; 30% Accommodation
- Excellent reconstituted profits of £72,254 in 2014
- Price reduced for a quick sale.
Ref 7601 FREEHOLD
A GREAT OPPORTUNITY TO PURCHASE AN ESTABLISHED AND PROFITABLE BUSINESS IN AN IDYLLIC YORKSHIRE DALES LOCATION CLOSE TO SETTLE.
The business is located in the idyllic Yorkshire Dales village of Giggleswick approximately ¾ of a mile north from the historic market town of Settle. The property enjoys superb views over the Dales and affords easy access to many popular walking routes including the famous Three Peaks of Pen-y-Gent, Ingleborough and Whernside. The ever popular Malham Cove is also a short drive away. Access to the conurbations of Manchester and Leeds is afforded by the nearby A65, with Leeds and Manchester both within 1.5 hours drive time.
Many visitors to the area take advantage of excellent cycling routes such as the Settle Circular and Yorkshire Dales Cycleway. The business also lies close to the increasingly popular coast to coast cycle route 'The War of the Roses', linking Morecambe on the West coast to Bridlington on the East Coast. Other local attractions include Settle and Bentham golf courses and the established climbing routes at Castlebergh Crag and Kilnsey. The world famous Giggleswick School is close by, as is the ever popular Settle to Carlisle Railway line.
This attractive Grade II listed property has plenty of character, built from local stone with stone mullion windows and part ivy clad walls. The property has been well maintained by our client and currently comprises:
Front entrance lobby leading through to the Public Bar (16+) with real fire and darts throw area. Lounge Bar (30+) with fixed and loose seating. Well-appointed central bar servery.
Dining-Restaurant Area (34+) divided over two rooms with picturesque views across the Ribble Valley. Attractively decorated creating a welcoming atmosphere.
Well-equipped Catering Kitchen, (equipment not tested).
Ladies and Gents W.C.s in good order.
Large Cellarage - with beer cellar, bottle store and substantial additional rooms suitable for development subject to planning.
Snooker Room - with full sized table.
Seven well-appointed en-suite rooms to ETB 4 * standard, currently comprising two twin, two doubles, two family rooms and one single with either bath or shower or both. All with satellite TV, tea and coffee making facilities and independent heating control.
Self-contained comprising three bedrooms, (two
double, one single) Kitchen, bathroom and lounge.
An outside drinking area is in situ to the front of the property (16). A well-used purpose built landscaped beer garden is to the rear with seating for 24 and a paved area leading up to the rear entrance. The garden also benefits from a purpose built children's activity centre. Parking provision for approximately 25 cars in total, is available to the front and side of the property as well as the enclosed car park to the rear.
The development of the extensive cellar/former stables, subject to planning, also offers potential for additional accommodation.
TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence which permits the sale of alcohol during the hours of:
Mon - Thursday 10am to 12.30am
Fri-Sat 10am to 1.30am
Saturday 11am to 1.30am
Sunday 12noon to 12.30am
Current opening hours are:
Mon - Thurs 4pm to 11pm
Fri-Sunday 12pm to 11pm
During the Easter and summer holidays the business opens all day every day to benefit from the large levels of visitors to the area.
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.
The property and business is being offered for sale freehold (although we have not had sight of the title deeds). All mains services are connected with gas central heating (no services tested). Business rates payable are advised as being circa £18,752 per annum.
The current owner purchased the business in 1997 establishing a good reputation for a warm welcoming reception and has achieved the Trip Advisor Certificate of Excellence. Priding itself on good home cooked food, using locally sourced ingredients whenever possible, the business enjoys good levels of repeat bookings. The Inn has also featured in the CAMRA Guide since 2002 and rotates its real ale offer, using a variety of local breweries.
Large numbers of walkers, cyclists and tourists visit the area throughout the year and the business has also gained loyal local support with a number of teams including pool, dominoes and snooker being based here delivering year round sales. A popular quiz night is held on Sunday evenings.
We are advised that accounts declare takings of circa £502,645 (inc. VAT) in the year ending October 2014, an increase of 7.39% from the 2013 figures. Trade is currently split 40%Wet, 30%Dry and 30% letting income. Current accommodation charges are in the region of £40 - £55 per person, per night including breakfast.
The current owner has been leading the business on a solo basis for the last five years with the assistance of one full time chef and a team of dedicated part time staff as trade dictates. New owners who both are able to work full time in the business could achieve significant wage savings.
We calculate the reconstituted profits for 2014 of £72,254 has been achieved. This figure is achieved
after adding back depreciation, loan interest and wage cost adjustments to reflect the current solo owner-operator status.
Further information is available from our client's web site www.thehartsheadhotel.co.uk.
Accounting information will be made available to interested parties after viewing.
Viewing appointments must be made via Guy Simmonds.
VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.
FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.
Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.
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