Pubs & Restaurants Market Insight: North West
Despite the hospitality sector facing a wave of new challenges in 2022, the market for quality pub and restaurant assets across the North West remains buoyant. Read on for the latest market insights across the region.
Despite the hospitality sector facing a wave of new challenges in 2022, the market for quality pub and restaurant assets across the North West remains buoyant. Although more recently, buyers have become more focused on securing freeholds in affluent areas and tourist destinations where they can add more value. These are often “once in a generation” opportunities, sought by both independent multi-site operators and North West breweries.
There has also been an increased focus on pubs with rooms, additional land, or attractive views, as buyers are looking to maximise returns on capital and benefit from the growing “staycation” market.
We advised on over 2,100 pubs and restaurants across the UK last year. Here’s a roundup of some of our recent sales and current opportunities on the market across the North West.
A grade II listed inn located on semi-rural site in Tarporley, Cheshire. The inn was sold in excess of the guide price to an independent multi-site operator.
Grade II listed inn located in Kirkby Stephen, Cumbria. The inn was sold to an independent operator having been privately owned by the same family for over 3 generations.
A well-known Cheshire inn set within five-acres and notorious for its excellent quality dining. The property was sold in excess of the £3,000,000 guide price.
Grade II listed inn with panoramic views in Menai Bridge, Wales. The freehold ibusiness was sold in excess of the guide of £2,200,000 to Greene King.
ON THE MARKET
The Bird at Birdle
An outstanding gastropub in Heywood, Greater Manchester. An excellent turnkey opportunity overlooking the countryside, on the market for offers of over £1,500,000.
Grade II listed free house in Cockermouth, Cumbria. The property underwent an extensive refurbishment in 2008 to include several bar areas and a beer garden in style with it’s impressive 16th century character.
Freehold pub in Bollington, Cheshire, listed in the Sunday Times as “Best village in the North West”. This is an excellent opportunity, with potential to expand and include more letting rooms.
For more market insights, read our Business Outlook 2023 Report: Finding Clarity
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