The Copper Horse, Seamer, Scarborough

DESCRIPTION

The Copper Horse is a long established and popular village restaurant that was renowned for ‘English Comfort Food’, and for special occasions. Originally a collection of farm buildings dating back 300 years, it was first ‘The White Horse’ pub, then became ‘The Copper Horse’ restaurant in the early 1970’s when it was purchased by the Price Stephens family. The present owner, the entertainment entrepreneur Nick Thomas MBE, bought the business in 2005. The restaurant won numerous awards including Les Routiers Restaurant of the Year 2012 and 2017. In 2016, Nick commissioned renowned interior designer Rachel McLane to redesign and modernise the interior decor at cost of over £400,000.

LOCATION

The Copper Horse is situated on Main Street in Seamer, 4.1 miles southwest of Scarborough town centre. Seamer itself is a thriving and developing village with a community who support the local hospitality businesses. Within the immediate catchment area, there are five new-build housing developments amounting to 1,700 new homes that will create a demand for casual dining and takeaways. Further details of the developments can be provided, upon request.

The Opportunity - The Copper Horse is part of the Thomas family company (fivestarcollection.co.uk). The company owns several venues in the local area including The Mayfield in Seamer (themayfield.co.uk) and The Plough in Scalby (theplough.co.uk). This is a rare opportunity for an experienced ‘hands-on’ restaurateur or chef, to put their own stamp on an established venue that is in first class condition. With its ‘Modern British’ food offering, net turnover for the year ended 31 March 2023 was £606,082 and for the year ended 31 March 2022 £643,381

Internal Details - The ground floor trading area comprises a decadent bar and opulent restaurant which is currently set up to seat 92 customers in a range of seating styles. Ancillary areas include customer toilets, a huge commercial grade catering kitchen with walk in
fridge-freezer. There is also a basement cellar.

Fixtures & Fittings - The Landlord will retain ownership of the fixtures, fittings and equipment (subject to an inventory prepared prior to a tenant taking occupancy), with the tenant being responsible for repair, maintenance and replacement of the same throughout their tenure.

Potential Leaseholder's Accommodation - The first floor was utilised by the current owners as office space but is versatile and with some work could be reinstated as leaseholder/staff accommodation subject to necessary consents.

External Details - To the rear is an external seating area for c.30 customers as well as parking for c.40 cars.

To Let - The Copper Horse is available TO LET for a term of 10 years (possibly more by negotiation), on a free of tie basis. The property will be let on a full repairing and insuring basis. Rent review will be every third anniversary of the lease, on an upwards only basis, to market rent. Further terms are to be negotiated.

Business Rates - The Rateable Value as per the April 2023 list is £29,000. Confirmation of actual rates payable should be sought from the Local Authority.

Energy Performance Certificate - Band C (59). A copy can be provided upon request.

Regulatory - Premises License.

Business Summary - The Copper Horse, Main Street, Seamer, Scarborough, North Yorkshire, YO12 4PS

• Immaculately presented restaurant opportunity for an aspirational experienced operator.
• 10 year ‘free of tie’ lease to a private landlord.
• Annual rent, premium and rent free period all for negotiation

Viewing Arrangements - Viewings are strictly to be arranged via the sole agent:

CPH Property Services
19 St. Thomas Street
Scarborough
YO11 1DY