PUBLIC HOUSE & MOTEL - York Area

Price:

Leasehold - £75,000

Turnover:

Seller Ref:

HO9388

Location:

North Yorkshire

Business Type:

Hotels, Pubs

See Other:

Public houses for sale in North Yorkshire
Hotels and motels for sale in North Yorkshire
Pubs for sale in North Yorkshire
Hotels for sale in North Yorkshire

Description:

THE BUSINESS:

Well presented 18 bedroom motel and public house on edge of desirable N. Yorks village. Good location on busy A road to York, the business benefits from tourists and racegoers in addition to local trade. Sales in excess of £300k pa, excellent regular sales on traditional Sunday lunch in the 50 cover dining room. Rent, rates & ins £51k pa. Other business commitments force a reluctant sale.

THE BUSINESS
The business generates income from 18 letting bedrooms, a public bar and food sales from the well established restaurant. It has been in the hands of the current owners for 9 years and in that time they have built up a reputation for good food and comfortable accommodation.

BUSINESS PREMISES
This is a large piece of property situated in lovely gardens with all the business facilities located on the ground floor and the private living accommodation on the first floor. The premises are well maintained throughout and are traditionally decorated, creating a very welcoming and comfortable environment.

TENURE
This is a leasehold opportunity and we are advised there is a 21 year lease in place which commenced 15th Oct 2004 with a 5 year rent review, the last rent review was in Oct 2009. From information supplied by the owners, we understand the total payable for the rent, rates and insurance for 2010 is £51,236pa.

HOURS
The bar and restaurant are open seven days a week from 11am to 11pm.

STAFF
The business is run by the owner and his partner with the additional help of a full time chef and one part time member of staff.