The Hardwick Arms, 1 North End, Sedgefield, County Durham, United Kingdom, TS21 2AZ

A superbly presented coaching inn which has been refurbished to a very high standard throughout. The business benefits from multiple income streams by way of food, beverage and accommodation sales.

Turnover is healthy and there are still opportunities to develop the business further.

The Hardwick Arms Hotel occupies a prominent roadside position adjacent to North End, the main road running through the affluent village of Sedgefield, County Durham. The village is accessed via the A689, providing good access to the A1(M) with Durham City c.10 miles to the north west.

The village itself is home to a number of licensed and leisure premises including pubs, restaurants, hotels and coffee shops, as well as a number of convenience, other retail stores and commercial premises.

On the south west side of the village lies Sedgefield Racecourse, which brings in a substantial number of visitors on race days. Hardwick Hall (not associated or affiliated with the subject property) is also nearby, as is the North East Technology Park - one of the UK's leading science parks.

To the left of the archway, as you approach the main entrance to the hotel, is a door leading to The Hardwick Arms bar. A cosy, characterful, traditional pub, popular with locals.

Further through the archway and around the corner is the main entrance to the restaurant. Formerly The Herd & Herb, and now trading more as a bar/lounge, provides 70 covers in a mixture of seating styles, decorated in a modern and contemporary fashion to an impeccably high standard, whilst being sympathetic to the age and style of the building.

The property and business are sold along with all fixtures & fittings to be included within the sale price, subject to an inventory. We are advised that all items are owned outright and nothing is leased or on Hire Purchase.

Our clients preferred option is to sell the freehold, but for the right candidate, they would consider leasing the premises on terms to be agreed.

- £50,000 upfront premium for business goodwill
- £60,000 per annum commencing rent
- 10 or 15 year term considered
- Full Repairing & Insuring basis
- Landlord to retain ownership of all fixtures, fittings & equipment but tenant responsible for repair, maintenance and replacement
- Rent deposits and/or additional security may be sought depending upon the tenant covenant strength
- Tenant incentives or stepped rent may be negotiable

11 ensuite letting bedrooms consisting of single, double, twin or family rooms spread across the first and second floors. The rooms are decorated to a very high standard, attracting a variety of customers, from business people, to couples and families.

There is a rear courtyard offering picnic style seating for up to 12 customers.

The property benefits from two, one bedroom flats. One of which is accessed internally and the other has a separate external entrance. Currently occupied by members of staff

The Hardwick Arms is a stunning example of a well invested, pub-restaurant with rooms, offering an excellent opportunity for a new owner to build on its fantastic reputation.

The business would suit an owner-operator, particularly a chef-patron. Equally, the business is large enough with significant growth potential and could continue to be management run.

The business is currently entirely staff run, with the owner overseeing matters purely from an administrative/arms-length perspective.

Turnover for the 12 month period ended 31.12.2022 was £737,506, with the trade split approximately 38% wet, 35% food and 27% accommodation.

A detailed Profit & Loss statement will be provided to seriously interested and proceedable parties on request.

Hotel open 7 days a week

Bar
Wednesday to Friday - 5.00pm to 11.30pm
Saturday - 12.00pm to 11.30pm
Sunday - 12.00pm to 10.30pm

Lounge
Friday - 5.00pm to 11.30pm
Saturday - 12.00pm to 11.30pm
Sunday - 12.00pm to 10.30pm

The Rateable Value from April 2023 will be £32,900. Confirmation of actual Rates Payable should be sought from the Local Authority.

Premises License