Are you looking for freehold pubs in the Leyburn area? You could run ‘The Bolton Arms’ !
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Freehold Pubs In Leyburn – Run The Bolton Arms
The Bolton Arms Leyburn
The village of Redmire sits on the eastern edge of the Yorkshire Dales National Park in Wensleydale and is easily accessible via the A684 which links to the A1(M). The famous Aysgarth Falls are located in the neighbouring village to the south-east and the popular market town of Leyburn is just five miles east.
Internal Details
The ground floor comprises two main trading areas in the bar and restaurant which combined offer c. 50 covers.
Ancillary space includes a modern commercial grade catering kitchen, beer cellar and customer toilets. Additional storage is provided externally in various capacities.
Fixtures & Fittings
Fixtures and fittings are not included in the sale price but can be purchased by separate negotiation with the vendor.
Letting Accommodation
Two en suite letting bedrooms are contained within an extension to the original building at first floor level. Accessed via an external staircase these rooms benefit from an external terrace with south facing views.
Adjacent to the main building a self contained block offers an additional three, modern and immaculately presented en suite letting bedrooms with access to the rear garden.
In recent months, the letting rooms have achieved exceptional room rates and occupancy levels (c.97%) due to the staycation boom that many UK hospitality businesses have enjoyed. This is a trend which seems set to continue, with a good amount of forward bookings for Autumn/Winter 2021 and for Spring/Summer 2022.
External Details
The enclosed garden, which has unopposed views over the Dales, can be accessed directly from the dining room and is often utilised as an extension of the trade space during the summer months. Five picnic tables offer additional seating at the front of the property under an open sided marquee.
There is parking for three cars to the rear.
Owner’s Accommodation
There is a self contained, two-bedroom at above the bar and restaurant which is accessed via an internal staircase.
Staff
The business is owner-operated by a husband and wife team with an accompaniment of full and part time staff. A full schedule of employees can be made available to seriously interested parties on request.
The Opportunity
The Bolton Arms presents an ideal opportunity for an owner-operator to take on an incredibly well established and consistently profitable going concern. The picturesque, National Park location means there is an idyllic lifestyle opportunity, as well as a chance to build on and improve current trade.
The current owners have invested heavily in the premises over the past three years, having refurbished the bar & restaurant and spent a significant amount of money on the infrastructure, for example; upgrading the central heating system, installation of CCTV throughout the premises and having purchased many new items of kitchen equipment as well as other improvements.
Trading Information
*Over the past few full financial years, turnover has been c. £500,000 net of VAT. Financial years ended 31/10/20 and 31/10/21 have been significantly impacted by COVID-19 restrictions but during the periods where the pub could trade, it did so extremely well. Full accounts can be provided to seriously interested parties on request.
Accounts for period ended 31/10/2019 were for 11 months only and net turnover was £448,893 produced an adjusted net profit of c.£72,567.
Accounts for year ended 31/10/2020 show a net turnover of £294,324 based on very limited trade due to government restrictions and forced closures.
Management accounts for c. 19 week period 17/04/21 – 31/08/21 shows a turnover of £234,199 net of VAT, producing very healthy adjusted net profits of c. £73,000.
Regulatory
Premises Licence.
Business Rates
The Rateable Value as per the April 2017 Ratings list is £36,750. Confirmation of actual Rates Payable should be sought from the Local Authority.
Freehold: £440,000
Iconic Country Inn, Bar & Restaurant
Five en suite letting bedrooms
Extensively refurbished & heavily invested in Beer Garden, Marquee & Car Parking Yorkshire Dales National Park Location Energy Rating D
