0 Bed Pub For Sale
Warenford
NE70 7HY
Added 09 Apr 2024
Property Details
Property Type
Pub
Bedrooms
0
Location
NE70
Description
The White Swan Inn is a brilliant example of a traditional country Inn, which has been tastefully decorated to incorporate modern influences and themes, whilst retaining character.
Well known with an excellent reputation for deliciously prepared local and seasonal food, the business has been operated by our clients for a number of years.
The White Swan Inn is situated in the village of Warenford, which sits adjacent to the A1(M), approximately three miles south of Belford and around 10 miles north west of the popular and extremely busy market town of Alnwick.
The Northumberland Area of Outstanding Natural Beauty is nearby and the increasingly popular Northumberland coastal towns of Bamburgh and Seahouses, as well as the Lindisfarne National Nature Reserve, Holy Island are all within 20 minutes drive away.
The surrounding area is full of other reasons to visit, including camping and caravan sites, hotels, other tourist attractions such as Dunstanburgh Castle, as well as golf courses.
Entry is via a small lobby to the front of the property, leading through to a bar area with seating for 20 customers in a relaxed setting.
Up a few steps are two restaurant/dining areas with table and chair seating for 72 customers.
All fixtures, fittings and equipment are owned outright and included in the sale, with the exception of a small number of personal items owned by the vendors
Ancillary AreasAncillary areas include a large, fully fitted commercial grade catering kitchen, beer cellar and store room.
Letting AccommodationThere are three very well appointed ensuite letting bedrooms. The first is on the ground floor, the other two bedrooms are on the first floor.
Completed in Summer 2023 and open from September, there is a one bedroom Lodge/Chalet, complete with open plan living/dining area with kitchenette, bathroom and kingsize bedroom. Externally the Lodge benefits from its own private decking area with views of the countryside and the sea, along with a hot tub.
The site extends to 0.9142 acres. There is currently parking for approximately 40 cars as well as a large garden area.
To the front of the property is picnic style seating for up to 24 customers.
The White Swan Inn presents a brilliant opportunity to acquire a long established business which has recovered incredibly well since re-opening in May 2021 following Covid restrictions being lifted. The business is incredibly busy and has potential to grow further if an incoming purchaser were to exercise the planning permission.
The business would suit an owner operator but would support a management team and so will appeal to local, regional and even national multi-site operators.
The business is owner operated by a husband and wife team, supported by a contingent of full and part-time staff. A full staffing schedule can be provided to seriously interested parties on request.
Trading InformationWe are advised that turnover for the financial year ended 28.02.2024 was £619,000 net of VAT - accounts are currently being prepared and can be made available in due course.
Accounts for year ended 28.02.2023 show turnover of £575,313 net of VAT, with Net Profits of £108,385.
Accounts for year ended 28.02.2022 show turnover of £499,364 net of VAT with Net Profits of £111,696.
Full accounts will be provided to seriously interested and proceedable parties on request.
The business trades from 12.00noon to 11.00pm daily.
Planning PermissionsThere is planning permission in place to erect a double storey extension adjacent to the main building which will house an additional six letting bedrooms.
The Rateable Value is £16,500 as of 1 April 2023. Confirmation of actual rates payable should be sought from the Local Authority.
RegulatoryPremises License
Location
Nearby Properties
Disclaimer: Property descriptions, images, and related information displayed on this page are aggregated from publicly available sources across the web and presented for informational purposes only. While we strive for accuracy, home.co.uk cannot guarantee that all details are current or complete. This information is provided as a guide only and should not replace professional property advice. We strongly recommend contacting Christie & Co directly to verify availability, arrange viewings, and obtain comprehensive property documentation.
Listed by
Christie & Co
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