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West Yorkshire - Public House For Sale

West Yorkshire, UK
Freehold Price:
£499,500 Furniture / Fixtures included
Lease Asking Price:
£55,000 Furniture / Fixtures included
Sales Revenue:
£300,228
Cash Flow:
Available on request

Trading Over 70 Years
Annual Turnover Year Ending 30th November 2018£300,228
Gross Profit £155,626
Accounts Available After Viewing
Real Ale Pub
Wet/Dry Sales Split 60/40
Potential Accommodation
Run Under Management
Free Of Tie
EPC - C

REF 5741 – Leasehold Public House

Blacks Brokers are pleased to bring to the market this leasehold public located in the beautiful and historic area of Oakworth, Keighley.

INTRODUCTION

The Turkey Inn has been trading from Goose Eye for over 70 years. Our client has been in ownership since 2012. During the pubs long and impressive trading history, it has firmly established itself within the local community and gained a superb customer base and reputation as the best real ale pub for miles around. The pub also serves food Tuesday – Sunday and the wet/dry split is consistent at around 60/40.

LOCATION

Keighley is a popular and densely populated town within the City of Bradford in West Yorkshire. The pub is positioned within Goose Eye, Oakworth in the area of Laycock. Laycock is positioned just to the North of Goose Eye, has a long and well documented history. Mentioned in the Doomsday Book, Laycock was a thriving agricultural manor at the time of the Norman Conquest. Goose Eye itself originates in the Industrial Revolution as local entrepreneurs sought to take advantage of the fast flowing beck that runs through the hamlet. The first Industrial Developments in Goose Eye were the construction of Brow End Mill (1791) and Turkey Mill (1797). Both of these mills made use of water wheels for power, elements of which can still be seen to this day. The affluent area is steeped in local history, is well populated with a good amount of visitors to this stunning area and many passers-by.

REASON FOR SALE

The Turkey Inn is only being offered for sale due to our clients other business interests.

BUILDING LAYOUT AND DESIGN

The Turkey Inn is housed within a large, stone built, traditional style property set on a large pot of land with spacious car park directly opposite. The pub is well branded and advertised with signage displayed to both sides of the property.
Inside, the pub offers a welcoming and friendly atmosphere, with large bar area, three snugs complete with open fires, pool room and huge beer garden with seating for between 150 and 200.The inside dining areas have seating for around 80 with additional seating at the bar. To the rear of the ground floor space is a compact catering kitchen which is well equipped with good quality fixtures and fittings in place. The lower ground floor is used as a beer cellar, which is well organised and stocked.
On the first floor is a very spacious, 3-bedroom accommodation, with a lounge and a bathroom. This area is currently used for storage and would benefit from some upgrading. All areas are presented well.

STAFF

The Turkey Inn is currently operating with our client in part-time employment in addition to two, full-time chefs, two bar staff and one caretaker.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and The Turkey Inn has traded solidly over its trading history. The business generated an annual turnover of £300,228 with a gross profit of £155,626 for the year ending 30th November 2018. Wet sales are around 60% of the generated income with 40% generated from dry sales. Rates payable are £7,000 per annum. Most customers are from the local area as one would expect, with additional trade from visitors to the area and passers-by.

SUMMARY

This leasehold business offers an exciting opportunity for a new owner to acquire a well-known, respected business in a superb trading location. There is plenty of scope to develop the business further and there are even more income opportunities through menu extension and a large marketing drive in the area, however, the business is already achieving exceptional takings and superb gross profits. There is also potential for a new owner to renovate the accommodation and enjoy village life in this stunning location. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations, Blacks Brokers also feel it may be of great interest to another similar business or chain looking to expand into this area. Early viewings are strongly advised.

Property Information

Property:

Available as freehold and leasehold

Business Operation

Trading hours:

Mon - Thu - 12pm - 11pm
Fri & Sat - 12pm - Midnight

Other Information

Leasehold asking price:
£55,000 - Furniture / Fixtures included

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