Hotel for sale

George & Dragon Hotel, 17 Market Place Kirkbymoorside, York, North Yorkshire, YO62 6AA

Guide Price £1,450,000

Property Description

Commercial information

  • Business for sale

Key features

  • 20 bedroom Coaching Inn/Hotel
  • Turnover 559,000, net profit 199,000
  • Town centre location, large site
  • Between York and North York Moors
  • Historic building with owner's accomodation
  • Energy Rating C

Full description

Tenure: Freehold

Description

A charming and historic coaching inn/hotel with 20 en suite bedrooms, traditional bar, restaurant, owner's accommodation, two cottages and ample parking.

A healthy turnover produces excellent adjusted net profits of £199,000.

Location

The George & Dragon is centrally located in the attractive and sought after town of Kirkbymoorside on the A170 mid way between Helmsley and Pickering, approximately 30 miles from the town of Scarborough on the east coast and the City of York, which lies to the south. The hotel is ideally placed as a base to explore Whitby and Robin Hoods Bay and also the Howardrian Hills Area of Outstanding Natural Beauty.

Internal Details

There are 20 standard and superior en suite bedrooms, a delightful bar full of charm and character, a restaurant and owner's accommodation spread across three main buildings which make up this large, 'L' shaped site.

External Details

Ample parking to the rear, a small patio terrace ideal for external drinking and dining, as well as small garden areas.

The Opportunity

The George & Dragon is an attractive coaching inn, with very good ratings on both TripAdvisor and Booking.com and prides itself on a quality food offer based on locally sourced produce, comfortable letting rooms and quality, friendly service.

It is felt that the hotel would make an ideal purchase for a management couple or family, or an experienced leisure and hospitality operator who could capitalise on the excellent work and solid foundations already set in place by our client.

Trading Information

Accounts for year ending August 2017 shows a turnover of £559,580 and an adjusted net profit of £199,395. Accounts show an operating profit of £68,911 but adjustments for depreciation, directors salaries, bank charges, professional fees, the sellers own personal costs and two key salaries which could be saved if under owner operator status.

A full breakdown of profit adjustment is available upon request.

It is felt that there are considerable cost savings to be made should a new owner wish to operate the business on a more hands-on basis than the current owner.

Business Rates

The Rateable Value is £35,000 with effect from April 2017. Confirmation of actual business rates payable should be obtained from the local authority.

Regulatory

Premises licence.


More information from this agent

Nearest station

  • Malton (11.0 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest station

  • Malton (11.0 mi)
Distances are straight line measurements from centre of postcode

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