Hotels and Motels for sale in Middlesbrough

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Chapters Hotel & Restaurant, Stokesley, TS9 5AD

Middlesbrough, North Yorkshire, England

  • Leasehold Price: £89,000
  • Under Offer
Seller Reference: B05317
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: B05317
Request Details
Business Description
Business
Hilton Smythe welcomes to the market Chapters Hotel & Restaurant, operating from a wonderful listed building, full of historical character, dating back some 250 years. It was the venue for the inaugural meeting of The Stokesley Agricultural Society back in 1859.

Chapters is a wonderful hotel where you can base yourself on the edge of the stunning North Yorkshire Moors and visit some of the county’s most attractive countryside and a wealth of attractions, historic castles and gardens.  Other attractions include:

Captain Cook Schoolroom Museum

Castle Howard

Middlesbrough Institute of Modern Art

The Bowes Museum

At Chapters they have a passion for good food, great wine and outstanding service. they believe that eating out should be an experience and with their three dining areas, Chapters aim to create the perfect atmosphere to suit every occasion.

Chapters shares their passion, with each and every menu designed around locally sourced, ethically produced produce whenever possible.

Having so many different dining areas and styles makes Chapters the perfect venue for weddings, private group celebration, business meetings, conferences, romantic meals, celebrations or entertaining family and friends right in the heart of Stokesley.

Chapters private restaurant can be booked exclusively for that extra special occasion. For groups from 10 to 40 guests for a sit-down meal.

Early viewing of this popular community restaurant/hotel is highly recommended with the business genuinely coming to the market due to our clients’ ill health.

This is a great opportunity for anybody looking to get into the trade. This hotel already has a fantastic reputation and the foundations to build upon. 

Scope to increase trade: 
Utilising social media
Advertising

The property would be an ideal home and business for a husband and wife team with a family, looking to relocate to the property.

Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Location
Chapters Hotel & Restaurant is a favoured destination for many business travellers, due to the convenient location for the Tees Valley business community and also perfectly situated for those who wish to spend a relaxing weekend amongst the beautiful countryside attractions.

Within 30 minutes you can be immersed in the dramatic landscapes of the North Yorkshire Moors or be in the centre of Middlesbrough, Darlington and Northallerton.

Chapters Hotel & Restaurant is situated in the heart of Stokesley, itself at the foot of the beautiful North Yorkshire Moors National Park. Located close to the centre of the Tees Valley, the business is in an perfect position, within easy travelling distance of many local places of interest.

Premises
A wonderful listed building full of historical character, dating back some 250 years.

Equipment is owned by landlord and included in lease.

Tenure
We are advised the business is being sold as a Leasehold.

Original lease length: 10 years.

Remaining lease length: 9 years as of 2019.

Review period: 5 years.

Rent: £68,000 per annum.

Business Rates £72,000

Hours
The business opens all year round.

Staff
The business is run and managed by staff including;


  • 2 Chefs

  • 3 House Keepers

  • Pot washer

  • A large number of casual staff

  • Book Keeper/Receptionist



Financial Profile
Chapters generated an advised turnover of circa £400,000, with a Net Profit of around 49,000.

Tenure:
Leasehold
Listed by:
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