The Woodman Inn

Descripción

Our clients purchased The Woodman Inn in early 2021 and have built up and increased the business substantially into a well run popular profitable concern. The pub has undergone extensive refurbishment and is now offered for sale as a 'turnkey' operation as our clients seek to retire. The business is offered for sale only due to an unfortunate change in personal circumstances Benefitting from security via three key income streams in food, beverage and accommodation sales, as well as trade from locals and tourists, The Woodman Inn is a well-rounded and balanced business.

Ubicación

Burneston is a an attractive village in the Hambleton district of North Yorkshire. The sought after village is very close to the A1(M), around four miles south east of Bedale, 10 miles north east of Thirsk and Ripon can be found 11 miles to the south. The village is ideally positioned for tourists visiting the Yorkshire Dales and the North York Moors National Parks.

Zonas Comunes

The trading areas are well presented throughout the ground floor and briefly comprise a modern bar area seating approximately 30 customers as well as a charming and characterful restaurant seating approximately 50 customers.

Mobiliario, equipamiento e instalaciones

We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory. We are advised that the trade fixtures and fittings are substantially free from loan, lease or hire purchase agreement.

Alojamiento

The mid section of the property is single storey and houses four very high quality ensuite letting bedrooms, including a newly redeveloped disabled persons letting room. There are four additional ensuite letting bedrooms in a detached building at the rear of the car park, two of which were erected in May 2023. These have increased turnover by an estimated £40,000 in 2023/2024 accounts. The business could be repositioned as a Bed & Breakfast with bar & restaurant facilities on site, if an intending buyer did not want to run a traditional village pub.

Características del exterior

Located to the front is parking for three vehicles with the rear car park for a further 15 vehicles. There are three electric hook-ups for Motor Homes that are used frequently by tourists who book via Brit Stops. There is a rear trade garden with picnic style seating and two Quoits pitches.

Alojamiento para el propietario

At first floor level is an owner's flat which briefly comprises: lounge, kitchen, three double bedrooms (one of which is ensuite) and a newly fitted bathroom with shower. All rooms have been redecorated to a very good standard throughout.

La oportunidad

The pub is ideally suited to an owner operator who would live on site and work full-time in order to maximise profits. However, the business is strong enough whereby it could sustain a management team, or a tenant, subject to the return on investment needed/wanted by the purchaser.

Personal

The business is currently owner operated with support from a team of full and part-time staff.

Datos económicos

Turnover for financial year ended 31.03.24 was £422,407 net of VAT (up 13% year on year) , producing Gross Profits of £274,646, Net Profits of £78,576 and Adjusted Net Profits of £126,380 (increased hugely year on year) having made allowances for, depreciation, interest, motor expenses (private) & directors salaries. Turnover for financial year ended 31.03.23 was £374,040 net of VAT, producing Gross Profits of £239,993, Net Profits of £55,519 and Adjusted Net Profits of £91,084 having made allowances for, depreciation, interest, exceptional repairs & renewals, motor expenses (private) & directors salaries. Turnover for six month period 01.04.23 to 30.09.23 was £260,250 net of VAT.

Horario de apertura

Monday to Saturday 12.00 noon to 10.00pm Sunday 12.00 noon to 8.00pm

Permisos

There is planning permission to build a further two letting bedrooms to the rear of the car park and with occupancy levels being strong, this could be a very lucrative investment.

Datos comerciales

The Rateable Value is £11,700 as of 1 April 2023. Confirmation of actual business rates payable should be obtained from the local Authority.

Licencias

Premises Licence