Thropton, Morpeth NE65 7HX
The Cross Keys is a historical and traditional public house, dating back to the 1830’s and is ideally situated in a prominent trading position within the village of Thropton, Northumberland. Thropton is a quaint, affluent village in the Coquet River valley, making it a desirable place in which to live. The village is just a short drive away from the Northumberland National Park, making it an ideal base for walkers and tourists. The premises benefits from ample private parking and is surrounded by picturesque countryside, as well as being on a busy tourist route, therefore enjoying much passing trade. The pub boast easy access to the A-road network, including the A697 and the A1. Thropton is approximately 30 minutes’ drive away from the county town of Morpeth and the North East coastal beaches along with the market town of Alnwick with its famous castle just 14 miles away.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
About the Pub – Cross Keys Morpeth
The Cross Keys is an appealing stone built detached pub. The main front entrance leads to a traditional snug with beamed ceiling, fireplace and timber bench style seating. The pub has a real feel in going back in time and any refurbishment / decorations really need to ensure that the character is retained as it is a clear key feature. The lounge bar area has fully carpeted flooring, timber panelled walls, bench style perimeter seating, fireplace and bar servery with full operational amenities. To the rear of the pub is a conservatory which is used as the restaurant area and can accommodate up to twenty four covers. The fully fitted commercial kitchen has a 6 ring double oven, deep fat fryer, microwave oven, two filter extraction canopies, hotplate, upright freezer, refrigerator/freezer, three stainless steel preparation tables and stainless steel shelving. To the left hand side of the pub is a large games room complete with pool table and dart board which also doubles up as a good sized function room which can host private functions as well as local society meetings such as folk, bridge and u3a meetings. The ladies and gents toilets are traditional and clean with the gents being housed in an adjacent outbuilding with access fully covered. A huge benefit is the large three-tier beer garden with barbecue. This is a real seasonal attraction and can double covers in peak season and during periods of settled and warmer weather.
TRADING STYLE The Cross Keys is open 7 days a week, on limited hours, and generates a turnover of approximately £185,000 per annum. Currently the business derives 70% of the income from wet sales with our licensee offering a wide range of real ales, fine wines and spirits, as well as a weekend menu that delivers both Sunday lunches and a Greek à la carte themed offer. The pub does have a loyal set of locals that frequent the venue offering repeat drinking trade on a weekly basis. The pub is popular with local societies and clubs and the function room offers a hub for parties and family celebrations. The outgoing tenant is looking at retiring and winding down her involvement and is willing to support the notion that there is scope to make good increases to the turnover by extending the range of food availability, as well as promoting the business further by engaging more fully with all of the social media platforms commonly now in use across the hospitality industry.
ACCOMMODATION Trade Accommodation The pub has the benefit of a small two story detached cottage with lounge, kitchen, bathroom and a double bedroom to the first floor. This is the perfect holiday let opportunity with visitor’s keen to live as a local and use the pub as an amenity whilst exploring the beauty of the Northumberland National Park Private Accommodation The private accommodation is located on the first floor of the pub and comprises of a lounge, kitchen, bathroom, separate WC and two double bedrooms, one of which with an en-suite
Cross Keys Morpeth
Letting Prices – Cross Keys Morpeth
Annual Rent: £28,000
Security Deposit: £7,500
Working Capital: £4,000
Fixtures and Fittings: Upon Valuation – funding options available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee. Training: £250 plus VAT
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.