Restaurant for sale
Property description & features
- Tenure: Freehold
- Traditional Country Inn
- Large 3/4 Acre Plot
- Covers 110
- 40 Vehicle Car Park
- Beer Garden & Playground
- Permission For 3 Eco Lodges
- Adjusted Net Profits Circa £185,000 PA
- Stunning Location
An absolutely amazing opportunity to acquire one of the most successful Country Inns on the East Coast in a gorgeous North Yorkshire Moors National Park location just outside the affluent village of Cloughton, and an area very popular with locals and tourists alike very close to the Cleveland Way Walk. The Bryherstones Country Inn is a beautifully restored, extremely well maintained and is offered for sale after 12 years under the current family ownership. The business boasts consistent levels of turnover and profit.
The pub/restaurant area is compartmentalised into various dining areas and snugs with three serving bar areas offering a relaxing, cosy atmosphere. Decor throughout is traditional with timber beams, exposed stonework and flagged floors. Seating capacity is for 110. The kitchen is a fully equipped commercial grade for catering with more than enough storage, beer cellar, walk in fridge and customer toilets.
Uniquely the property benefits from a BIOMASS System that powers the hot water and heating system. Installed in 2013 at an approximate cost £30,000 This generates £6,000 income PA via th Real Heat Incentive payment scheme and the agreement expires in 2033. The property has an excellent "B" EPC rating.
Externally the Country Inn plot is approximately 3/4 of an acre with a beer garden, patio area, childrens playground and parking for 40 vehicles. Planning permission has also been granted for 3 timber eco lodges close to an outside stable area.
The lodges are for holiday lets only and will provide further income to the new owner when built.
On the first floor is owner or managers accommodation comprising lounge/dining area, two double bedrooms, bathroom and fitted kitchen.
Current trading hours monday to wednesday 5.30 to 8pm. Thursday and friday/saturday 12-2pm and 5.30pm to 8pm & Sunday 12-4pm with bar closing at 6pm. These hours are lifestyle choice by current owners so there is also scope to extend these hours therefore increasing turnover. The current premises Licence allows opening from 10am to 2am
Turnover for year ending 31/03/2022 was £540,000 Excluding VAT producing an adjusted net profit of £185,458. The approximate trade split is 75% food sales to 25% wet.
The rateable value is £31,750. Business rates payable we are informed are currently approximately £15,000 per annum.
In our opinion there is a huge opportunity to increase turnover and profit with extended hours and eco lodges installed and running at this destination venue. Viewing is strictly via appointment with Harris Shields Collection.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference SCA230267. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Harris Shields Collection - Scarborough.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.