Exceptional Leasehold Hotel Restaurant & Public House | | Shap Cumbria | | EXCEPTIONAL LEASEHOLD HOTEL, RESTAURANT & PUBLIC HOUSE Advised annual turnover of £600,000 with excellent gross profits 13 en-suite bedrooms with superb owners’ accommodation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67962
ADVERT IMPRESSIONS : 12,620 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | LEASEHOLD: | £249,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | EXCEPTIONAL LEASEHOLD HOTEL, RESTAURANT & PUBLIC HOUSE
Advised annual turnover of £600,000 with excellent gross profits
13 en-suite bedrooms with superb owners’ accommodation
Beautiful location close to the Lake District
Finished to the very highest standards
Early viewing is highly recommended
Scope for further development
Well established business
LEASEHOLD
Location
The Greyhound hotel in Shap is a famous Westmorland hostelry dating back to 1680. The village of Shap consists mainly of two long lines of grey stone houses, many dating from the 18th century, lining the A6 road that runs through the village. Until 1970 and the completion of the M6 between Kendal and Penrith, the A6 across Shap summit formed the main north-south route, linking the industrial areas of north-west England with Scotland. In the centre of the village is the market hall, with its curious windows and rounded arches, which dates from a few years after the village was granted its market charter in 1687. Based just 5 minutes from junction 39 on the M6, with panoramic views of the Lake District fells, it is the perfect stopping off point for travellers and walkers alike, especially those on Wainwright's famous Coast to Coast walk.
Business History
Meridian Business Sales are delighted to offer to the market this exceptional hotel, restaurant and public house which was established in C.1680 and has been in the capable hands of our client since 2008. The only reason this fantastic opportunity is being offered to the market is due to the unfortunate ill health of our client. Since our client took over the lease of the property in 2008 and established the business as it is today he has invested vast amounts of money and time into the refurbishment of the guest rooms, with no expense spared. Our client is kindly including all fixtures and fittings into the sale price which provides any prospective buyer with a true turnkey opportunity. They are currently running the business at a pace to suit and we are advised of an annual turnover of £600,000 which is derived from offering a welcoming service to all who visit with well presented letting rooms, quality dining and public house facilities. The business is very popular and has always enjoyed a high level of repeat customers’ year on year, and has advance bookings for Christmas, New Year and into next year. This is a superb opportunity to purchase a unique thriving business in a beautiful location. This opportunity comes highly recommended as businesses of this quality rarely stay on the market for long.
Financial Profile
Turnover: £600,000pa
Gross profit: 62%
Stock approximately: £7,000
Tenure
Leasehold
Original length: 5 years
Remaining: 2½ years
Rent: £63,000pa
Opening Hours
Public House
Monday: 11:00am - 11:00pm
Tuesday: 11:00am - 11:00pm
Wednesday: 11:00am - 11:00pm
Thursday: 11:00am - 11:00pm
Friday: 11:00am - 11:00pm
Saturday: 11:00am - 11:00pm
Sunday: 11:00am - 11:00pm
Hotel
Trades all year round
Accommodation
Well presented stone built property built C.1680, full of character and charm offering a restaurant, public house, letting rooms and owners’ accommodation, briefly comprising of:
Owners’ accommodation
2 double bedrooms and a bathroom comprising of bath, shower and W/C.
Modern kitchen and lounge
Guest Facilities
13 en-suite guest rooms 5 of which are deluxe with fell views, flat screen televisions and new en-suite bathrooms or shower rooms
1st dining room or function room catering for up to 50 covers
2nd dining room or function room covering up to 25 covers
3rd dining room catering for up to 15 covers
Open plan main bar area/restaurant with well spaced tables, chairs and additional fixed seating.
Separate games room with pool, darts and dominoes
Large bar area with 8 cask ales, 2 lagers, 2 ciders, optics and spirit display, glass fronted drink chiller and cash register.
Large fully equipped stainless steel kitchen with separate preparation area and utility area.
External
Car park with 30 spaces
Patio / smoking area with outside seating
Website
www.greyhoundshap.co.uk | | | | | | FOR SALE | | | | | REFERENCE: | 2711 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
