Sale of popular village pub ‘The Blue Stoops’ to Chilled Pubs completes
Specialist business property adviser Christie & Co has completed on the freehold sale of The Blue Stoops in Dronfield, to growing Derbyshire-based pub company, Chilled Pubs.
Sold on behalf of the True North Brew Co, the busy village pub and restaurant which underwent a refurbishment in 2017 is set in the heart of Dronfield and comprises a large internal bar, restaurant and function space, and a generous 140-cover beer garden.
The business boasts a healthy average annual turnover of £929,250 and features additional upstairs space with potential for accommodation or additional trading areas, which was a great appeal to prospective buyers.
Previous owner, Kane Yeardley of True North Brew Co comments, “I will miss The Blue Stoops greatly, having invested lots of time and money into the property over many years. However, the time was right for me to reduce the True North portfolio, using Christie & Co’s experienced assistance and industry relationships in order to successfully sell. I wish Chilled Pubs all the best with their purchase.”
Matt Hill, Business Agent – Pubs & Restaurants at Christie & Co, who handled the sale, also comments, “I’m thrilled to have completed on The Blue Stoops after running a fully open marketing process, where we had very strong interest from national and regional pub companies, off the £975,000 asking price. The pub is ideally positioned along Dronfield’s High Street, where trade will remain strong and was a rare opportunity to acquire a highly profitable village pub-restaurant. The successful sale is also a good sign in the market that interest remains high for quality freehold premises.”
Chilled Pubs will now operate a total of six pubs across the region.
The Blue Stoops is one of 14 pubs in the True North Brew Co estate, which has been established for 30 years. The group is currently working with Christie & Co to reduce their portfolio to a total of 10 sites and will then look to re-invest in a new larger site. Other sites currently on the market with Christie & Co include The Milton Arms, The York and The Old House.
Bronte Hughes, Corporate Communications Executive
P: 07721 420 656 or E: bronte.hughes@christie.com
Contact the agent:
Matt Hill, Business Agent – Pubs & Restaurants
M: +44 7855 489 281 or E: matt.hill@christie.com
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