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HIGHLY POPULAR AND CHARMING COUNTRY ’FREE OF TIE’ INN WITH LETTING ROOMS NEAR TO THE HISTORIC CITY OF RIPON NORTH YORKSHIRE ENJOYING VIEWS OF THE SURROUNDING COUNTRYSIDE

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  • Traditional and well positioned country inn near to Ripon, and various popular visitor attractions in popular North Yorkshire.
  • 3 separate trading areas, each full of character comprising: Lounge Bar (circa 20), Dining Room (circa 42) and Function/Private Dining Room (circa 24).
  • Outside seating to front and rear of property (circa 42).
  • 6 well-presented and tastefully furnished en-suite letting rooms.
  • Spacious double owners’ bedroom.
  • Fully equipped and spacious commercial kitchen.
  • Advised current turnover circa £336,300 (incl. VAT).
  • Trade split circa 30% wet, 60% food, 10% accommodation.
  • Attractive Free of Tie Private Landlord Lease.
AN EXCELLENT OPPORTUNITY TO ACQUIRE AN IMPRESSIVE AND THRIVING BUSINESS IN A DESIRABLE LOCATION OFFERING FURTHER POTENTIAL


ASKING PRICE £39,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

The business is located on the edge of the Historic City of Ripon, North Yorkshire, in the heart of the ‘Golden Triangle’ near to the popular tourist towns of Harrogate and York.

The cathedral city of Ripon sits within the Borough of Harrogate and dates back over 1,300 years. It has a population of 16,702 (2011 Census).

As well as its Racecourse and cathedral Ripon is a highly popular tourist destination due to its proximity to the UNESCO World heritage Site which consists of Studley Royal Park and Fountains Abbey.

Other local visitor attractions include the Lightwater Valley Theme Park, Newby Hall Stately Home and Gardens and the National Trust owned Brimham Rocks which lies within the Nidderdale a designated Area of Outstanding Natural Beauty.

Ripon is easily accessed from the A1 and offers a full offering of local services. Ripon Grammar School was established in 1555 and is one of the best performing schools in the North of England.

THE PROPERTY

This traditional inn is of brick construction, under a pitched, tiled roof, occupying a prominent roadside position, which results in a good level of ‘passing trade’

The business offers 3 separate trading areas:

A fully equipped central servery separates the characterful Lounge Bar to the front of the property (circa 20) carpeted throughout with exposed beams, attractive log burner and dual aspect, seating is provided by a mix of comfortable sofas and chairs around free standing tables.

Also to the front of the building and accessed from the lounge bar is an extremely welcoming triple aspect Dining Room (circa 42) with exposed beams under a vaulted ceiling, fireplace and attractive stone flooring, seating is provided by a variety of chairs around traditional tables.

A tastefully presented Function/Private Dining Room (circa 24) with stone flooring is accessed from the dining room.

Well-presented Ladies and Gents W.C.’s. accessed via the central hallway.

There is an extremely spacious fully equipped Commercial Kitchen (appliances not tested). The business benefits from a well-proportioned ground floor cellar and additional storage areas.

OWNERS ACCOMMODATION

The owners have use of a double bedroom and lounge situated on the ground floor.

LETTING ACCOMMODATION

The business benefits from 6 extremely well presented and tastefully furnished en-suite letting rooms, 5 of which are located on the first floor and 1 on the ground floor.

EXTERNAL

There is bench seating (circa 8) at the front of the property and further seating (circa 34) at the rear of the building. Beyond the car park is a large grassed area which offers potential to introduce a form of camping.

To the rear of the property there is parking for around 30 cars.

To the rear of the property is a private parking space.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

Mon- Sat 10am to 11.00pm

Sunday 10.30am to 11.00 pm

Current Winter opening hours are:

Mon & Tues Closed

Wed to Sat 12noon to 9pm

Sunday 12noon to 6pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The business is offered for sale as a lease assignment with approximately 6.5 years remaining of a Private Landlord ‘Free of Tie’ full repairing and insuring, renewable agreement. We are informed that the rent is currently £38,000 per annum. We are advised that the inn benefits from LPG for cooking and mains electric and water, along with being heated with oil for central heating and a septic tank which we are advised is maintained by the landlord (no services seen or tested). Business rates payable are TBC.

THE BUSINESS

The current owners purchased the business 3.5 years ago and have established a solid trading foundation with a loyal and desirable local and tourist clientele. The business consistently receives favourable reviews and averages 4.5/5 from over 250 Trip Advisor reviews and 9.2/10 rating from Hotels.com. The business has been awarded the Trip Advisor Certificate of Excellence award from 2015 to 2019.

The business is only being made available to new operators due to personal health reasons..

We are advised that current takings are circa £336,300 inclusive of VAT on a trade split of circa 30% wet sales, 60% food sales and 10% accommodation.

New operators can continue to operate the business using the same successful formula although significant potential exists to extend opening hours especially during the summer months.

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

This business was viewed by Lee Davy who would be delighted to discuss further details and can be contacted on 07496 849424.

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112.

Details Prepared: October 2019.

ADDITIONAL IMAGES

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