| (REF: S4825F) Traditional North Yorkshire Unopposed Village Freehouse 25 Years Of Ownership |
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| Seller Reference: |
S4825F |
| B4S Reference: |
30639 |
| Asking Price: |
£519,000
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| Net Profit: |
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| Sales Revenue: |
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| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Middlesbrough, North Yorkshire, United Kingdom |
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THE BUSINESS
Our clients have owned the business since the year 2000 when they purchased it from the present landlady’s parents, who owned the pub for many years (25 years in family ownership) They have developed and maintained a healthy trade for many years. With limited openings for family reasons, therefore there is plenty of scope to build this business further by the use of currently unused yet available trading hours. Sales are running close to £280,000 inc vat on a split of 40% Wet to 60% Dry and shows a Reconstructed Net Profit of circa £65,000 (28%) (after allowing for Directors Salary, car loan, and depreciation). We believe that the sound business base as declared can be substantially built upon with addition trading hours and a new enthusiastic re- energised owner with £400,000 within easy reach which applying the same profit ratio with fixed costs, equates to circa £100,000 Net Profits. We have accounting information available to interested parties after official viewings.
A RARE HIGHLY PROFITABLE BUSINESS AND PLEASING FAMILY HOME WITH AN AFFLUENT LOCALE
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
OWNERS ACCOMMODATION
Consisting of 3 bedrooms, a kitchen, a bathroom and a large living room with a split level area that the present owners use as a playroom. This accommodation is very well kept and comfortable with the benefit of many new fittings.
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Location: |
LOCATION (TS15 0AE)
The village of Picton is situated 4 miles south of Yarm and 10 miles south west of Middlesborough. Surrounded by several other villages Picton is just 2 miles from the A19, a major trunk road that provides access north to Teeside and south to York. The village is in the Hambleton district on the fringe of North Yorkshire, and 5 miles from the boundary of the North Yorkshire Moors National Park. Yarm is the nearest market town and sits on the south bank of the river Tees. Yarm boasts many Georgian style old buildings and with their red pantile roofs and cobbled parking areas it all adds to the charm and character of the area. There are many local attractions in the area including Mount Grace Priory, Ormesby Hall and the Captain Cook birthplace museum. The area is renowned for its hunting shooting and fishing country pursuits and home to many “hunts” which attracts custom from all over the north east. A little bit of retained English tradition.
What customers say.........
This place is amazing - and so hidden away, yet handy for Yarm, and the A19.
Tea time treats before 7 pm are only £6 and you get a huge portion for that - all home cooked and fresh.
Can't recommend enough, we shall be there weekly from now!
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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