7027 / Rightbiz
Leasehold Price: £35,000
Annual Turnover: £306,343
- Fantastic Rural Trading Location
- Accounts Available 31 March 2019
- Annual Turnover £306,343
- Gross Profit £175,790
- Further Financial Info After Viewing
- Free Of Brewery Tie
- Impressive Trading History
- 70% Dry 30% Wet Sales
- Free Parking For 29
- Air BnB Flat On First Floor
- Flat Could be Owner Accommodation
- Long Lease
- External Decking Area With Surrounding Garden
- Potential For Longer Opening
- Scope To Introduce Website & Social Media
- EPC – C
REF 7027 – Leasehold Pub & Accommodation
Blacks Business Brokers are pleased to bring to the market this leasehold pub and accommodation located in Burley in Wharfedale, West Yorkshire.
Our client took ownership of this stunning, 400 year old pub in 2013. It is steeped in local history and is an integral part of the community in Ilkley. The pub has a strong base of regular customers in place as well as benefiting from a huge amount of passing trade due to this excellent tourist rich trading position. There is an owners accommodation on the first floor as well as an additional flat which is currently used as a holiday let via Air BnB online. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Trip Advisor and Facebook. The Hermit Inn has a website in place, but this could be developed further by a new owner.
The Hermit Inn occupies a stunning countryside position close to Burley in Wharfdale and Ilkley. The area is popular with tourists such as walkers and cyclists and is known for it’s beautiful scenery. The area is well linked by the A65 and parking is available immediately outside.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The current lease is a Full Repair and Insure lease (FRI) and is a twenty year lease which began in 2018 at a cost of £1,000 per week. The Brewery have requested a bond and 3 months rent upfront equating to approx £30,000.
The business operates with six part time and one full time member of staff in employment supporting our client working on a part time basis. There is also one self employed chef.
The Hermit Inn has traded solidly since opening and our client has established a strong repeat customer base.We are advised that the business has annual turnover of £300,000. Full financial information is available upon request.
The business has a rateable value of £3,640. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This is a long established and well known pub which occupies a superb trading position and has a strong base of regular customers in place already. There is plenty of scope to develop the business further with the introduction of longer opening hours and a strong marketing drive. A new online and social media presence could be beneficial to boost events such as quiz nights and other themed evenings. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
The Hermit Inn operates from the ground floor of an impressive, centuries old detached property with car park to the front and large garden to the rear. The business has traditional branding and signage on display above the main entrance and car park area. Inside, the main pub area is presented well with free standing tables and chairs offering seating for 36. There is a snug area that can seat up to 22. There is a dining room room available as extra seating for around 30 and toilet facilities. The kitchen is fully equipped with commercial oven, two pizza ovens, hot plate and much more. On the lower ground floor is a large beer cellar and additional storage space. All areas have been finished to a very high standard. There are benches and tables to the front with seating for 60 customers. There is also space for frame picnic tables.
To one side there is a bedroom/bathroom for staff and to the other side is the holiday accommodation which can be used as owners accommodation and has two bedrooms, bathroom, kitchen diner and lounge area. This is currently let at £80 per night.
Fixtures & Fittings:
Commercial Oven 6 Ring Burner
2 x Pizza Oven
3 x Commercial Microwave
Bar 4 Hand Pull Pumps
Mon - Fri - 11.30am - 3pm / 5pm - 9.30pmSat & Sun - 11.30am - 11pm
£1,000 Per Week. Weekly Rent:
£1,000 Per Week.
Location: Burley in Wharfedale, West Yorkshire
Sector: Pubs, Lands
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