- Price: 90000
- Tenure: Leasehold
- Business type: Restaurant
Our client has owned and operated The Learney Arms for 2 years during which time has carried out a total redevelopment of the site resulting in a wonderfully presented restaurant and bar offering mouth-watering food that caters to all dietary needs to be enjoyed with a wide range of beers, wines and spirits. The business has built up an excellent local reputation for fine food along with being a popular locals bar whilst also offering a takeaway menu and more informal dining with stone baked pizzas. The exposed stone work, bare wood and fireplaces inside give a wonderful homely feel for both locals and tourists alike.
The current owner has reluctantly placed the business on the market to concentrate on other business interests. A hands-on operator would undoubtedly be in a position to develop what is already in place.
The Learney Arms currently just trades 5 days per week and there is no reason why this should not be extended to seven days trading.
The former hotel part of the property (now separately owned) has also recently been converted into beautifully presented accommodation sleeping 24. The Learney Arms benefits from visitors to this using both the bar and restaurant facilities.
Leasehold. There is a 10 year lease in place from December 2016 with an option to extend for a further 10 years in December 2021 or December 2026. There is also a tenant only lease break in December 2021. Annual rent payable is £9,000.
Interested? Why not visit the business website by clicking here.