Highly Popular & Reputable Pub & Restaurant in North Lincolnshire

Ulceby, North Lincolnshire
REF: R07610

Asking Price:
£625,000
Annual Turnover:
£475,000
Annual Net Profit:
TBC
REF: R07610
Photo of Highly Popular & Reputable Pub & Restaurant in North Lincolnshire
Photo of Highly Popular & Reputable Pub & Restaurant in North Lincolnshire
Photo of Highly Popular & Reputable Pub & Restaurant in North Lincolnshire
Photo of Highly Popular & Reputable Pub & Restaurant in North Lincolnshire

Overview

Tenure:
Freehold
Established:
1856
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Well Equipped Business

We are delighted to welcome to the market this unique opportunity to acquire a highly popular pub and restaurant, which has an ideal location in North Lincolnshire.

Since its creation, the pub has operated successfully, enjoying year-on-year growth, and has even achieved exponential growth since returning after covid.. Alongside this, the restaurant has built an enviable reputation and has gained a loyal repeat customer base, thanks to their delicious homecooked meals.

The pub and restaurant prioritises offering their customers an extensive, well-thought-out menu, with all the food homecooked on the premises by the talented kitchen team. The varied, bistro-style menu includes roast dinners, infamous pies, grills, slow-roasted belly of pork, local sausages, honey mustard salmon, seasonal vegetables, dauphinoise potatoes, and much more. For dessert, the restaurant serves mouth-watering sweet treats, such as crème brûlée, sticky toffee pudding, and black forest roulade. In addition to their homemade offering of food and drinks, the business provides customers with modern, tranquil lodging, with three fully furnished ensuite rooms available to their guests.

This award-winning restaurant has amassed over 600 5-star reviews across Google and TripAdvisor. These brilliant reviews are a testament to the bistro's flavoursome and high-quality menu.

Under the present ownership, the pub has received continued investment, with the current owner most recently investing over £100,000 in 2021. Due to this, the premises will come equipped to an incredibly high standard and would be ready for the new owner to begin work immediately.

The business has a dedicated and reliable kitchen and front-of-house team in place, who all have a wealth of knowledge of the business and provide brilliant customer service. Due to this talented team, there should be an easy transition for the new owner. This is an ideal opportunity for a new proprietor who would like to continue the success of the business or for an individual with the energy and vision to develop the business further.

Operating from sizeable, well-maintained premises which are entirely equipped, staff are able to complete duties easily. The main bar, the lounge, and dining room provide seating to cater for 54 at any time, whilst a substantial, fully-stocked bar is in place to serve customers, as well as offering informal dining for a further 24 covers.

The current owners invested over £100,000 into a remodelling in 2021, which has received incredible customer reviews. Furthermore, there has been a 20,000 investment into the kitchen in February 2022, which will enable the pub to use new equipment and provide extra meal capacity.

Three new fully-furnished ensuite rooms also provide overnight guests with a comfortable stay. A two-bedroom flat is also included in the property, which could be used as private accommodation for the owner or could be repurposed into extra rooms for letting.

The existing owner is selling due to genuine reasons and is willing to stay on for a transitional period.

This is a fantastic opportunity to take on a reputable pub (which won 'Pub Food of the Year' in 2019) that can boast top-quality accommodation, delicious homemade food, and well-equipped premises in a picturesque location.

A proposition that is well-suited to a current owner-operator of a similar establishment or couple looking to take on a profitable lifestyle business, a new owner could take steps to develop the business further.

The pub is growing exponentially and in 2021, they achieved a 20% increase in turnover from July to the end of November. The new owner could likewise continue increasing revenue.

The pub comes with plenty of land, so the buyer could opt to invest in external developments.

Additional marketing through other social media platforms and reviewing the web page to reach out to a wider online audience would be a great way to increase exposure. This could be combined with hosting more events to bring in a new wave of customers.

Location

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  • Good Transport Links
  • Limited Competition

Property

Rates
TBC
Accommodation Included
Yes
Freehold Property Value
£500,000
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
XXXX

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