4 bedroom pub for sale

NORTH YORKSHIRE; Ampleforth

£65,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Leasehold

Ref 7999 LEASEHOLD

CHARMING 'FREE OF TIE' 18TH CENTURY INN LOCATED IN THE IDYLLIC, AFFLUENT AND SOUGHT AFTER VILLAGE OF AMPLEFORTH, ON THE EDGE OF THE BEAUTIFUL NORTH YORKSHIRE MOORS NATIONAL PARK

Prominent location in the heart of a desirable village.
Excellent Reputation.
Well-proportioned Bar/Restaurant Area (circa 25), Separate Snug (circa 8), Main Dining Room (circa 16) popular for Private Parties and a further Dining Area (circa 12).
Well-presented spacious Owners Living Accommodation with 4 double Bedrooms (3 of which are En-Suite), Living Room, Fitted Kitchen.
Potential to convert part to Letting Rooms (subject to any necessary consents).
Advised Turnover for Year Ending April 2017 of £260k (inc VAT) with an excellent GP of circa 62%.
Trade Split 45% Wet, 55% Dry.
Considerable potential to increase turnover and profitability by extending trading hours.
Desirable Free-of-Tie Private Landlord Lease.

A FANTASTIC OPPORTUNITY TO ACQUIRE A SUCCESSFUL AND PROFITABLE BUSINESS IN THE HEART OF AMPLEFORTH, AN AREA OF OUTSTANDING NATURAL BEAUTY AND DESIRABLE LOCATION


LOCATION
This characterful period property dates back to the 18th Century and is located in prominent position in the idyllic affluent village of Ampleforth in the North Yorkshire Moors National Park. Close to the popular and picturesque market town of Helmsley which attracts all year round tourist trade, located on the main road from Thirsk (12 miles) to the coast of Scarborough.
Ampleforth is best known for its Benedictine Abbey and Ampleforth College regarded as one of the top Catholic Boarding Schools in the Country. The business has an excellent reputation for its Food and draws clientele and trade both locally and from further afield.
Ampleforth village has a population of 1,345 (2011 Census). It is located 26 miles from York and within easy reach of the market towns of Helmsley and Malton. In addition the popular Stately Home of Castle Howard is located around 10 miles from the village. The area attracts all year round tourists.

THE PROPERTY
The Inn is full of character with lots of small cosy rooms, log fires, stone flagged floors and Oak Beamed Ceilings.
It is of stone construction, under a pitched, tiled roof, occupying a prominent position on the main thoroughfare through the village.

The Bar / Restaurant Area (circa 25) is well presented with an open fire, wooden floors and exposed brickwork.

There is a separate Snug Area (circa 8) with an open fire and stone floor.

There is a Main Dining Area which is popular for private parties (circa 16). It features exposed brickwork, electric log burner and 2 windows to the front of the property.

The additional Dining Area (circa 12) has attractive wooden panelling on walls, ceiling beams, wooden floor and electric log burner.

Ladies and Gents W.C.'s.

Catering facilities include 6 ring Gas Hob, Preparation area, oven, fridges and freezers, 2 x fryers, preparation area, plate warmer, dishwasher and washing up area (appliances not tested).

Ground Floor Cellar.

OWNER'S ACCOMMODATION
The well-presented and spacious private owner's accommodation is situated on the 1st floor and comprises, 4 Double Bedrooms (3 en-suite), Living Room, fitted Kitchen and Bathroom.
There is the potential to convert part to Letting Rooms (subject to any necessary consents).

EXTERNAL
To the rear of the property is a private car park accommodating around 15 vehicles.

TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Monday - Thursday 10am to 11.30pm.
Friday & Saturday 10am to Midnight
Sunday 12noon to 11.30pm

Current opening hours are:
Monday Closed
Tuesday - Saturday 5.30pm to 11.00pm
Sunday 12noon to 7.00pm

Considerable potential to increase turnover and profitability by extending trading hours.

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.

GENERAL REMARKS
The business is offered for sale as a lease assignment with approximately 10 years remaining of the Private Landlord full repairing and insuring, renewable agreement. We are advised that the inn is free of tie. We are informed that the rent is currently £29,000 per annum. We are advised that at the end of the current term, the Lease (not seen by Guy Simmonds) will be renewed for a further 10 years as agreed by the Landlord with no further premium payable- subject to the provision of the Landlord & Tenant Act 1954.

We are advised that the public house benefits from mains services water and electric, LPG Gas and oil fired central heating (no services seen or tested).
We are advised that the Business Rates payable are currently zero.

THE BUSINESS

The current owners purchased the Lease in 2010 and have worked extremely hard to transform the business into the successful model now in place. They have a genuine reason for sale.

The business has a strong Trip Advisor profile of 4.5 and rated excellent by 75% of reviewers.
The business is predominantly operated by the current owners with the assistance of part time staff.
We are advised turnover for year ending 04/17 was circa £260,000 (inc vat) from a trade split of 45% wet, 55% dry, generating a gross profit margin of 62%.

The owners run the business at a pace to suit and new operators could continue with the same formula or explore the obvious potential of extending opening hours to increase turnover and profitability.
Potential exists to tap into the popular leisure activities undertaken in the surrounding area, e.g. walkers, cyclists, shooting parties.

Viewing is highly recommended

Accounting information will be made available to interested parties after viewing.

This business was viewed by Lee Davy who would be delighted to discuss further details and can be contacted on 07496 849424.

Viewing appointments must be made by contacting Guy Simmonds.

Details Prepared October 2017.

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.




Energy Performance Certificates (EPCs)

Nearest station

  • Cattal (16.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Cattal (16.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7999. 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 Guy Simmonds Business Transfers Limited , National Licensed Property. 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.

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