Business for sale

Business description

A hugely profitable and attractive food tavern in a very affluent north yorkshire village kirk deighton situated between weatherby and harrogate.

A stupendous village food tavern with outstanding trade and profitability run under management in one of north yorkshires most sought after villages offered by way of a lease assignment at £175,000 to include extensive fixtures and fittings goodwill plus s.a.v.

Audited accounts showing turnover for the year ending 2007 £675,999 Inc V.A.T. 70% dry 30% wet with reconstituted net operating profits of £90,000.- currently run under management – much more to be achieved

*“Sparkling” beamed trading areas with deep set windows and a feel of “quality” with central bar servery to bar and Dining Lounge – cobbled patio

*First class owners accommodation – a mass of colour in summer months

*At the centre of one of the most sought after villages between Weatherby and Harrogate.

*Well-established reputation for good food and service.

*20 year lease fully landlord and tenant protected and renewable at no further cost. We are advised that the landlords would make a new 20-year lease available to a suitable candidate if desired.

LOCATION (LS22 4DU)
The village of Kirk Deighton is minutes north from the centre of Weatherby and on a direct route to Harrogate only a few miles away. The village is very affluent and home to many professional people working in nearby Leeds.

The A1/M1 is only five minutes from the premises thus providing a perfect position for people to travel to the larger conurbations to work. Of course the reverse is true in that this provides for people traveling to the village for a meal.

From opening the doors in the morning the pub fills quickly with many ‘grey’ market customers as well as local businessmen. In the evenings the trading profile is eclectic and buzzing. What many people would consider the future of the village pub to be.

PROPERTY DESCRIPTION
A stone built property under slate roof offering two main trading areas served by one bar he smaller being where one enters the premises with seating for and standing room for.

Immediately adjacent is the main Bar dining area covers. A large fully equipped catering kitchen is to the rear of the bar and the toilet facilities are also situated at the rear of the bar area.

There is a traditional cellar fully equipped with cooling plant etc. There are further storage facilities in the rear car park area. The trading area is decorated to the very highest standard and has a superb ambiance offering the customers the perception of quality and attention to detail.

OWNERS ACCOMMODATION
The private accommodation has three good size bedrooms a fully fitted kitchen, bathroom and office with delightful sitting room all is in good order, well decorated and fitted to modern standards.

EXTERNALS
There is car parking to the rear of the premises with parking for circa 15 cars more parking is available on street adjacent to the premises. At the front of the building is a cobbled area used for picnic tables with seating for up to (36) people and in summer the window boxes are a mass of colour, providing a most attractive façade.

PREMISES LICENSES
The permitted hours are 11 am until 12 midnight seven days per week and the actual hours opened are Monday through to Sunday 12 until 2.25 pm and 6 pm until 11 pm. A personal licence will be required and our training associates would be only too pleased to assist in this matter.

TENURE
We are instructed to offer the business for sale by way of lease assignment of a 20 year tied lease from 1990, fully renewable at no further premium with full Landlord & Tenant Act Protection from Enterprise Inns at a business rent of £36,000 p.a. We are advised that a new 20 year lease could be available for a new owner however this is not conditional within the sale

SERVICES
We are advised that the pub benefits from mains services for electric and sewage with mains gas. Central heating throughout. Rates payable are £t.b.c . For the business and £T.B.C. For domestic.

THE BUSINESS
This is a superb business with an enviable trading performance. Turnover to year ending 2007 £675,999 Inc V.A.T. 70% dry and £30% wet with reconstituted net operating profits of £90,000.

It is important to note that although there is only two years remaining on the lease it is full landlord and tenant protected and it is in the interest of the landlord to have a stable lessee in position, we believe that for a suitable candidate Enterprise inns would consider the granting of a new 20 year lease.

It is also important to note the business is currently operated under management and therefore it would not be unreasonable to presume that a hands on operator would be able to increase the turnover and profitability still further. This lease business offers a wonderful quality of life with a very profitable resultant income.

This business offers not only the quality of life we all wish for but also an opportunity to make an excellent living at the same time.

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

Ref: S4413L