Christie & Co brews another sale with The Hop
Specialist business property adviser, Christie & Co has sold The Hop Inn & Shamrock Bar in the coastal town of Bournemouth, adding to Christie & Co’s success in selling hospitality businesses in the town throughout 2017.
The substantial Victorian property comprises of 12 en suite letting rooms, a bar, restaurant, fish and chip shop and Shamrock Bar.
Attracting significant interest due to its high turnover and exceptional profit, The Hop Inn & Shamrock Bar was the ideal purchase for an experienced operator looking to invest in the area. New owners Asit and Amika Patel have a wealth of knowledge and experience in the pub sector.
Brian Love, Finance Consultant at Christie Finance who helped the new owners secure leading commercial funding comments, "It was great to help Asit and Amika find the right funding to acquire this great opportunity. This deal did have its challenges but with the sector expertise of Christie Finance I was able to quickly overcome these to assist our clients to get the keys to their first hospitality business."
Richard Wood, Business Agent at Christie & Co’s Winchester office who handled the sale comments, “I am delighted to have been part of a sale of such a high profile business within Bournemouth following a labour intensive and technical deal. I wish both parties all the best for the future, in particular the previous owner, Phil Audrain who is now looking forward to a well deserved retirement.
“The market in Bournemouth continues to remain robust as we see a number of select buyers searching in the area and anticipate this continuing well into 2018.”
The Hop Inn & Shamrock Bar was sold for £1.825m.