Skip to content

Public House / Restaurant in Scarborough, North Yorkshire for Sale

£1,595,000

Business rates & charges may apply

Ernest Wilson & Co Limited, EW Leeds
SIZE

Ask agent

SECTOR

Restaurant for sale

Key features

  • Delightful village location
  • Working on gross margins of circa 57%
  • Run over a six day week, closing at 10pm
  • Extensive commercial kitchen with an impressive array of catering equipment

Description

PUBLIC HOUSE AND RESTAURANT in North Yorkshire for Sale.

Substantial, freehouse with restaurant, beer garden and particularly spacious car park, set in this delightful village near Scarborough. The business which enjoys an enviable reputation achieves a particularly impressive weekly turnover of £40,000, whilst working on gross margins of circa 57% on latest available accounts. This is perhaps the best pub in the county that we have offered for sale in many years and produces superb net profits for our clients. This is genuinely a VERY RARE OPPORTUNITY to acquire such a successful pub with extensive freehold property which has had substantial sums lavished upon it. Wet sales, circa 27% with the balance on dry sales with the restaurant benefitting from a Five-Star food hygiene rating.

The business is run over a six day week and given its location, is frequented by huge numbers of tourists and day trippers during the summer months and operates on reduced hours during the winter months. Pub closes at 10pm, allowing for a better worklife balance, despite having the benefit of a later licence, (see Licensing Act 2003 - Premises Licence Register as at 12:14 on 9 October 2024 (scarborough.gov.uk) for full details of the premises licence). Operated by our clients with a full team of competent staff, the business is relatively easy to run and would suit private owners or make an ideal, corporate acquisition.

Premises briefly comprise beautifully furbished bar area with stunning bar and with surrounding dining / drinking and shuffleboard, games area which has been carefully designed to allow for this area to be brought back in to use as a dining area as and when required. Lower dining area leading through to the conservatory dining room with access to the beer garden via French doors. Additionally, there is a more formal dining room with wood burning stove. Ladies and gents WCs. Extensive commercial kitchen with an impressive array of high quality catering equipment including a four-pan, Florigo, fish and chip frying range and excellent extraction system. Walk in cold-room, dry store and spacious pot wash area. Beer cellar with additional cold storage area.

First floor: The first floor is currently used as storage and private offices and consists of staff room, WC, plant room, large store room, office, unused room, fitted kitchen, unused lounge, combined bathroom, store room and office.

Externally: Substantial car park and beer garden. The property also benefits from an extensive solar power system.

VIEWING HERE IS NOT ONLY HIGHLY RECOMMENDED BUT ESSENTIAL AS THIS IS AN OPPORTUNITY THAT IS VERY RARELY SEEN.
Stock £35,000.

About Ernest Wilson & Co Limited, EW Leeds

The Business Centre, Deanhurst Park, Gelderd Road, Gildersome, Leeds, LS27 7LG

Selling a Business?

Selling a business in the UK? We’ll be with you every step of the way

Selling any business can be a daunting task, but even more so when you’ve worked hard to build your own. That’s why finding the right business transfer agent is so important; you need to trust that you are working with people who have your best interests at heart.

That’s exactly what you’ll find at Ernest Wilson. Our clients’ interests are at the forefront of everything we do, and we’re pleased to have built a reputation based on our passion for what we do, implicit trustworthiness and thousands of recommendations over the last 60 years. Selling your business can be a time of mixed emotions, but we’ll be with you every step of the way.

Ernest Wilson is the leading business transfer agent with offices throughout the UK. We will never ask for payment in advance, not only do we have the necessary expertise to correctly value your business, we also have the resources to professionally market that business and obtain the best possible price in the market.

No advance payments

We don’t believe in asking for payment in advance, so we simply won’t do it. We often find that those who do are more interested in obtaining your signature than finding you a buyer, leaving their clients underwhelmed by the lack of advertising and efforts put in to selling their business.

Our advice is straight forward: if an agent asks for any payment from you in advance, don't use that agent.

Confidential, discreet support

Selling your business calls for discretion balanced with commerciality. We know that simply putting up a For Sale sign often does little more than set tongues wagging and unsettle your staff, and we’re pleased that we sell over 99% of businesses without the need for one.

We don’t give out details of your business to a potential buyer unless they are registered with us. Only then will they receive the full particulars of sale on your business. Our drive, passion and attention to detail in selling your business means we’ll only introduce it to people who are the very best fit.

Unrivalled, interested contacts

Our database of potential buyers is unrivalled by other transfer agents, and we’re proud of our relationships with potential buyers that allow us to understand exactly what they are looking for – meaning we can sell your business faster.

We offer local, regional and online advertising, and have extensive links to finance through a variety of financial institutions which help to complete your sale.

Thinking of Selling

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 590750. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ernest Wilson & Co Limited, EW Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.