Guest House Restaurant Bar in Richmond North Yorkshire

Richmond, North Yorkshire, England

Advert Ref: 2602

Business Description

Preferred Commercial is delighted to offer for sale this popular guest house, restaurant and bar situated in the heart of the delightful town of Richmond. The business has been in our client's careful hands since 2008 and is only now being placed on the market due to other business interests. The business generates a turnover in the region of £547,750 per annum with a gross profit of 65%, derived from the 13-letting rooms, bistro restaurant and public bar. The four storey premises boast managers' accommodation, which could be let out to generate further income. There is also a separate 3-bedroom owner's cottage on site. The premises have been well maintained throughout and have recently benefited from being reroofed. The business is well known and benefits from much repeat trade and word of mouth recommendations. We feel this represents an unique opportunity to acquire a thriving multi-faceted business in such a sought after location. Early discussions with Preferred Commercial must come highly recommended.

Business Status

Sold

Property

Leasehold

Lease Terms

Leasehold Original length: 10 years Remaining: 8 years Review: every 5 years Rent: £43,000 per annum

Location

The Black Lion Hotel is situated on the popular Finkle Street in the heart of the historic market town of Richmond in North Yorkshire. Situated on the edge of the Yorkshire dales National Park the town makes an ideal base to explore all the nearby attractions. The town itself boasts one of the largest cobbled market squares in the country and an 11th century castle with its 100 foot keep, offering superb panoramic views over the surrounding countryside. Richmond is very popular with tourists and was named UK town of the year in 2009. Finkle Street leads onto the market square and is home to a variety of independent shops and businesses. Richmond is easily accessed being just 4 miles from the A1, while the town of Darlington lies approximately 13 miles away.

Premises Details

Substantial 4-storey premises situated in the heart of the historic town, with 13 letting rooms and separate 3-bedroom owner's cottage. Briefly comprising: Ground Floor • Main Bar and dining area with bar servery and tables and chairs • Ladies WCs • Gents WCs • Commercial kitchen fitted to suit trade First Floor • Black's Bistro decorated in a fresh contemporary style with tables and chairs Second Floor • Room 1: Double with en-suite facilities • Room 2: Single room • Bathroom for use by Room 2 • Room 3: Twin with en-suite facilities • Room 4: Twin with en-suite facilities • Room 5: Twin with en-suite facilities • Room 6: Double with en-suite facilities • Room 7: Double with en-suite facilities • Room 8: Double with en-suite facilities • Room 9: Twin with en-suite facilities • Room 10: Double with en-suite facilities • Room 11: Family room with double bed, single bed, pull out bed and en-suite facilities • Room 12: Double with en-suite facilities • Room 14: Family room with double bed, single bed and en-suite facilities Third Floor • Manager's flat with lounge, double bedroom and bathroom Owners' Cottage • Lounge • Kitchen • Bathroom • 3 x double bedrooms External Parking to rear

Trading Hours

Guest House All year round Bar opening hours Mon - Thurs: 11.45 am - 2.30pm & 5.30pm - 8.30pm Fri: 11.45 am - 2.30pm & 5.30pm - 9.00pm Sat: 11.45 am - 3.30pm & 5.30pm - 9.00pm Sun: 12.00pm - 3.30pm & 5.30pm - 8.30pm Blacks Bistro Thurs - Sat: from 6.00pm

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Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.