Profitable Public House in Holme-on-Spalding-Moor East Yorkshire For Sale in Holme-on-spalding-moor- Business 4 Sale .co.uk

Business Summary

Preferred Commercial is delighted to offer for sale this thriving and profitable public house, which was established in the 1300s as a coaching inn and which has been operated by our client since 2000. The pub is only now offered to the market due to our client's other business interests. The business trades 7 days a week and generates a turnover in the region of £416,000 per annum with a gross profit of 52%. Ye Olde Red Lion offers an extensive range of real ales, fine wines and spirits, along with home cooked evening meals and 8 letting chalets. We feel that the turnover could be further increased by embarking on a modest campaign and perhaps by establishing a website with online booking facilities. The pub has an enviable reputation and is well-supported by the local community with a dominoes team and a darts team. The business benefits from a 24 hour licence, which could be utilised to extend the opening hours. The premises boast 3-bedroom owners' accommodation and land to rear, with planning permission in place for 3 static caravans. This is an ideal opportunity to acquire an already busy public house with scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property Information

	Property:	Leasehold

	Lease Terms:	Original length: 25 years Remaining: 22 years Review: every 5 years

	Current Rent:	Rent: £29,000 per annum

	Living Accommodation:	Yes

	Details of Accommodation:	Substantial 2-storey detached public house premises with letting chalets and restaurant facilities. Briefly comprising: Ground Floor • Reception • Commercial kitchen with 10-burner hob and oven, double fryer, grill, large deep fat fryer, 3 x fridge-freezers, 3 x microwave ovens, preparation surfaces, deep freezer and sink • Storeroom with 2 x fridge-freezers • Bar area with oak bar servery, 3 x double door glass fronted refrigerators, optics display and wine display units • Restaurant with tables and chairs for up to 90 covers • Utility room • Ladies and gents WCs with wash hand basin First Floor Owners' accommodation • 3 x double bedrooms • Office • Shower room • Bathroom • Lounge Chalets • 8 x double bedroom chalets with TVs, tea and coffee making facilities, wardrobes and en-suite bathrooms, split into 2 blocks of 4 External • Large car park with space for up to 50 vehicles • Patio/smoking area with water feature • Land with space for static caravans

	Location:	Ye Olde Red Lion occupies substantial 2-storey detached premises, ideally located in the heart of the rural village of Holme-on-Spalding-Moor, East Yorkshire. The business boasts a prominent trading position surrounded by numerous residential properties, from which it draws much trade. The premises benefit from ample private parking and are situated close to the local amenities. There are a number of bus routes serving the area. The premises boast easy access to the A-road network and the M62 is 9 miles away. Holme-on-Spalding-Moor is popular with commuters due to its rural location and excellent road links across the region. York lies 20 miles away, while Hull is approximately 22 miles away.

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Business Hours

Pub
Mon - Sun: 11:00am to 11:00pm

Restaurant
Mon: 2:00pm to 5:00pm
Tues - Sat: 5:30pm to 9:00pm
Sun: All day carvery

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