Pub for sale

The Gait Inn, Millington, Pocklington, East Yorkshire, YO42 1TX

£595,000

Property Description

Commercial information

  • Business for sale

Key features

  • Freehold village pub/restaurant
  • Turnover Y/E April 2017 328,443
  • Adjusted Net Profit c. 89,500
  • 4 bedroom owner's accommodation
  • 90 covers in bar & function room combined
  • Large car park to the rear. Energy Rating C

Full description

Tenure: Freehold

Description

This sustainable business has been in the hands of the current owners for 12 years and continues to be profitable. The Gait Inn has a main bar area and snug which can cater for up to 40 covers . The function room and pool table area can cater for up to 50.

There is potential to extend the current opening hours and introduce letting accommodation, if en suite facilities were added to the three bedrooms above the inn, subject to obtaining planning consent.

Location

The Gait Inn is located in the village of Millington which is situated on The Wolds Way, Minster Way and cycle routes. Millington is c. three miles away from the thriving and bustling market town of Pocklington with its vibrant town centre, and wide range of leisure attractions. The historic city of York is 18 miles away.

Internal Details

Front bar, snug bar and function room, with part panelled walls, beamed ceilings and bench seating with mixed tables.

Ancillary areas include; a front porch, commercial grade catering kitchen with full range of equipment, preparation room, store room, rear entrance which leads to the first floor accommodation, beer cellar and customer toilets.

Fixtures & Fittings

We are advised that the majority of fixtures and fitting are owned outright and will be included in the sale, subject to an inventory.

External Details

To the rear of the property is a beer garden and large car park with extensive secure storage.

Owner's Accommodation

The owner's accommodation comprises three double bedrooms on the first floor. In a single storey extension on the ground floor are: one double bedroom, office, lounge/ dining room, kitchen and bathroom.

The Opportunity

The Gait Inn presents an opportunity for an owner operator to take over a consistently profitable business and replicate the success of the current owners. There is also significant scope to increase trading hours and grow the business by introducing letting accommodation at first floor level, STPP.

Trading Information

Turnover year ended 5th April 2017: £328,443. Adjusted Net Profit circa £89,500.

Trading Hours

Bar: Friday 12 -3pm, Saturday 12-4pm, Sunday 12-3pm. Evenings except Monday 6.30-11pm.

Food: Lunch: Fri/Sat/Sun: 12-2pm, evenings except Monday 6.30-9pm.

Regulatory

Premises licence


More information from this agent

Nearest station

  • Hutton Cranswick (12.4 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest station

  • Hutton Cranswick (12.4 mi)
Distances are straight line measurements from centre of postcode

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