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Thriving Public House and Restaurant in Mytholmroyd, West Yorkshire For Sale

Hebden Bridge, West Yorkshire

£59,000

Ref: 1950

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Description

Hilton Smythe is delighted to welcome to the market this well-established free of tie public house and restaurant in Mytholmroyd, West Yorkshire. The old established business has been in our clients` careful ownership since 2010 and is only now being offered to the market due to our clients` unfortunate personal circumstances.

The public house and restaurant is open 7 days per week and generates a turnover in the region of £322,000 with a gross profit of approximately 55%. The main source of income is currently 70% wet sales and 30% food sales.

The business currently offers a wide range of beers, wines and spirits and also boasts a large 45-50 cover restaurant, serving traditional English pub food. The Dusty Miller and Coiners Restaurant has earned an enviable reputation in the area and boasts a loyal customer base, benefiting from much word of mouth referrals and a vast amount of repeat trade. The business benefits from five en-suite letting rooms with a 60% occupancy rate, as well as separate and spacious two bedroom owners` accommodation, which has been extremely well maintained and decorated to a very high standard. We feel the turnover could be increased by extending the opening hours of the restaurant area.

The business would also benefit from a small marketing campaign to promote the business and the services offered, a website is already in place, which could be developed further, perhaps by offering a menu of the food and by offering online booking facilities.

We feel this is an ideal opportunity for a new owner, perhaps a husband and wife team, to take this thriving and popular business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Tenure

Leasehold

We are advised Leasehold.

Original lease length: 10 years
Remaining lease length: 9 years
Rent: £3,600 per month.

Hours

The business is open:

Monday - Thursday: 12.00pm - 11.00pm
Friday - Saturday: 12.00pm - 1.00am
Sunday: 12.00pm - 11.00pm.

Staff

The business is owner run and managed with 1 x full time chef and 2 x full time bar staff.

Financial Profile

The business generates a turnover in the region of £322,000 with a gross profit of approximately 55%.

Location

The Dusty Miller and Coiners Restaurant occupies substantial two-storey premises and is ideally located in a prime trading location in Mytholmroyd, near Hebden Bridge, West Yorkshire.

The business is situated on a busy main road, which provides a vast amount of footfall and passing trade. The business boasts free parking with a large car park to the rear of the property. The property is situated in close proximity to many residential properties from which the business draws much of its trade.

The area is well served by the public transport system with a bus stop directly outside the premises, as well as many other bus stops within easy walking distance. Mytholmroyd train station is also within close proximity and is just a few minutes' walk away. Mytholmroyd is a town within the Metropolitan Borough of Calderdale and has a population of approximately 4,600 persons. The town is part of the Valley of Lights festival every year, as well as holding markets, antiques shows and fairs and events at the sports and leisure centre and at the Ted Hughes Theatre.

The surrounding area has a lot of points of interest including Cenotaph, Rochdale Canal and the old packhorse bridge. Mytholmroyd once was host to the Tour De France bike race that passed the property and is due to come again in the near future. The area is well served by the A-road system with the property being situated on the A646, which links to the vast A-road and motorway networks. Hebden Bridge is approximately 1½ miles away and Halifax is 6 miles away.

Premises

Large stone built, two-storey property, briefly comprising:

The Premises underwent an outstanding refurbishment in 2013 and is finished to a high standard. Ground floor: Access from front, rear and side disabled access. Lounge bar area with predominantly stone tiled flooring. 2 x lounge seating areas, one with stone fire surround and log burner and flat screen TV.

Attractive bar servery with 12 x points of dispense (four of which are hand pulled cask), mirror backing with shelving, optics display, EPOS system, credit/debit card machine, glass washer, stainless steel sink unit, 3 x door under counter refrigerator and bottle display chiller unit.

Third lounge seating area with stone fireplace. Restaurant area with: Currently laid out for 45-50 covers. Part carpeted and part stone flooring. Carvery.

Newly fitted open plan commercial kitchen with servery hatch, non-slip floor covering, 2 x stainless steel preparation tables, 3 x counter refrigerators, deep fat fryer, double door refrigerator, salad bar, large charcoal grill, 6 x ring double oven cooker, eye-level grill with 3 x filter overhead extraction system, Hobart fan oven, 2 x microwave ovens, double bowl stainless steel sink unit and commercial dishwasher. Second dining area with coffee station, coffee machine and EPOS system. Ladies, gents and disabled WCs.

First floor with: Family room which sleeps 4-5 persons. Family room which sleeps 3 persons. Twin room. 2 x double bedrooms. All the bedroom are en-suite. Spacious owners` accommodation with: Lounge/kitchen. 2 x double bedrooms. Bathroom.

External with: Large rear car park. Outside seating area with 7 x picnic style tables.

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