Navigation Inn Ripon
Summary
**Revised Rent - £14,000 per annum (£270 per week!), plenty of support to help you launch your new business and we'll pay for your deposit! We are also open to a short term tenancy for this site**…
Description
**Revised Rent - £14,000 per annum (£270 per week!), plenty of support to help you launch your new business and we'll pay for your deposit! We are also open to a short term tenancy for this site**
The Navigation is a traditional community pub half a mile from the centre of Ripon and en route to the racecourse. It has an open layout with a carpeted lounge area and a pub game section with hard flooring, a darts board and a pool table. The pub's exterior contains benched garden areas to the front and side, providing extra covers for trade on a warm, summer day. The Navigation was extensively refurbished to include new living accommodation in December 2019. Previous years, the pub has been successful on just wet takings, however it does include a catering kitchen, which can be utilised for further trade.
Ever dreamt of being your own boss, running a thriving pub, and shaping a vibrant community hub? Partnering with Stonegate, the UK's largest pub company, makes that dream a reality. We offer the best of both worlds: self-employment with the unwavering support of a dedicated team, from regional managers to a network of experienced publicans in your region. From free BII membership to unlock industry insights, to a diverse portfolio offering the perfect pub for your vision, Stonegate empowers you to maximize endless profit opportunities. Plus, our flexible tenancy agreements ensure you have the control you need to succeed.
Key Features
• Well known hotspot for race day visitors
• Accommodating up to 40 covers
• Sports and games
• Three-double bedroom accommodation
• Discounts of up £155 per barrel with an average of £130 per barrel
Business & Financial Information
• Estimated ingoings (upfront): £5,295
• Full deposit: £4,500
• Agreement fee: £795
• Guide rent (weekly): £346
• Guide rent (annual): £18,000
• Forecast turnover (weekly): £290,555
• Forecast turnover (annual): £290,554
Ideal Operator
Stonegate Pub Partners are seeking an experienced publican who can develop both the wet and food trade.
Private Accommodation
The private accommodation currently consists of three-double bedrooms, two of which have ensuite bathrooms and a large office that could also be a double bedroom. There is a separate bathroom and a good-sized lounge, all renovated in December 2019.
Regional Manager's Thoughts
The Navigation Inn represents a fantastic opportunity to cater for locals, tourists and race-goers. This pub has a fantastic opportunity to gain a large footfall of customers. I am seeking an enthusiastic publican who can develop the trade, both wet and food, embrace the local community and become a hub for sports teams and events.
Surrounding Area
Ripon is a cathedral city, located in the Borough of Harrogate, the city is known for the Ripon Cathedral and the Ripon racecourse. The immediate area around the Navigation is residential, which provides a good source of local trade from the surrounding community. There are offices and businesses within a few hundred yards and Ripon Centre is just a few minutes’ walk away. Its proximity to the racecourse results in brilliant trade on race day.
Upfront cost
£5,295
Cost type:
Upfront
Key facts
Upfront cost
£5,295
Turnover (annual)
£290,554
Rent
£18,000 (annual)
Location
1 Canal Road, Ripon, North Yorkshire HG4 1QN
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.
Enquire
Message the seller. We’ll forward your details so they can reply directly.