£45,000
(£45,000.00/sq. ft)
Pub/bar for saleBlossomgate, Ripon HG4
1 sq. ft
Just added
Business
About this property
Desirable location in Yorkshire city centre
Two-storey high quality bar and lounge
Two open-plan internal trade areas (100)
Front trade patio (36) and off-road parking
Dedicated trade kitchen and ground floor cellar
Profitable business - same operators since 2019
Location:
The Storehouse Bar & Eatery is situated in the popular North Yorkshire cathedral city of Ripon, located 26.5 miles northwest of York, 14 miles north of Harrogate and 4 miles west of the A1 motorway which connects London, the capital of England in the south, to Edinburgh, the capital of Scotland in the north. According to the 2021 census, the city has a population of 16,601.
Ripon benefits from a plethora of amenities and landmarks which include its own unesco World Heritage Site comprising a 12th century Cistercian abbey within a Georgian water garden and the 7th century Ripon Cathedral which is dedicated to St Peter and St Wilfrid. A number of fuel stations, supermarkets and retail stores can also be found within the city.
Property:
The Storehouse Bar & Eatery occupies a two storey, detached, brick building under a pitched pantile roof, which was formerly utilised as a warehouse. The property benefits from being located on Blossomgate, only a short walk from the city centre.
Trade Areas:
Ground floor:
Entry from the trade patio which leads into the open-plan trade area with seating for 40, exposed feature brick walls, multi-fuel burner, carpet flooring, staircase to the first floor, entry to the catering kitchen, communal toilet and open-plan cellar/bottle store.
First floor:
Main bar with seating for 60, bar servery with brass countertop, exposed feature brick walls, wooden flooring, entry to an inner hall which has access to a loft, ladies’ and gentlemen’s toilets and a private office.
External:
Front trade patio with bench seating for 36. Off-road parking for one vehicle. Enclosed service yard/bin store.
Licence:
A Premises Licence is held permitting the retail of alcohol:
Seven days a week: 11:00 – 00:00.
Services:
Mains electricity, water and drainage are connected. Cooking and heating via electricity. Log burners. The property benefits from both fire and intruder alarms.
Rateable Value: £11,500 from 1st April 2026.
Local Authority: North Yorkshire Council.
The Storehouse Bar & Eatery has been operated by our clients since 2019, trading as a neighbourhood bar and lounge, renowned for its range of cask and draught beers, carefully selected wines, cocktails and informal food offering which includes hand-stretched pizzas and charcuterie. The business also hosts a variety of events such as live music gigs, comedy evenings and private functions.
The business is currently operated by our clients alongside six part time members of staff. There is the opportunity to increase trade by extending the business’s limited open hours, which are currently as follows:
Monday & Tuesday: Closed
Wednesday & Thursday: 17:00 – 23:00
Friday: 17:00 – 24:00
Saturday: 12:00 – 24:00
Sunday: 14:00 – 21:00
It is our understanding that the annual net turnover ended 31 March 2024 is £330,363, resulting in a net profit of £6,265 and an adjusted net profit/ebitda of £48,992. The trade split is 80/20 in favour of wet sales. Further accounting detail will be made available to serious parties following a formal viewing. The business is currently supported by a dynamic website and social media accounts which will be passed over to the buyer on completion.
Tenure:
Leasehold premium £45,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The Storehouse Bar & Eatery is held on a full repairing and insuring lease from a private individual which expires in 2029. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent is £28,000 per annum, paid monthly in advance. There are no rent reviews within the term. An incoming party will be required to provide a rental deposit to the Landlord of three months’ rent in advance. The lease is free-of-all trade ties. VAT will not be payable on the premium and rental payments. We are advised that the Landlord is willing to provide a new, longer-term lease at an ingoing purchaser’s request.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
The Storehouse Bar & Eatery is situated in the popular North Yorkshire cathedral city of Ripon, located 26.5 miles northwest of York, 14 miles north of Harrogate and 4 miles west of the A1 motorway which connects London, the capital of England in the south, to Edinburgh, the capital of Scotland in the north. According to the 2021 census, the city has a population of 16,601.
Ripon benefits from a plethora of amenities and landmarks which include its own unesco World Heritage Site comprising a 12th century Cistercian abbey within a Georgian water garden and the 7th century Ripon Cathedral which is dedicated to St Peter and St Wilfrid. A number of fuel stations, supermarkets and retail stores can also be found within the city.
Property:
The Storehouse Bar & Eatery occupies a two storey, detached, brick building under a pitched pantile roof, which was formerly utilised as a warehouse. The property benefits from being located on Blossomgate, only a short walk from the city centre.
Trade Areas:
Ground floor:
Entry from the trade patio which leads into the open-plan trade area with seating for 40, exposed feature brick walls, multi-fuel burner, carpet flooring, staircase to the first floor, entry to the catering kitchen, communal toilet and open-plan cellar/bottle store.
First floor:
Main bar with seating for 60, bar servery with brass countertop, exposed feature brick walls, wooden flooring, entry to an inner hall which has access to a loft, ladies’ and gentlemen’s toilets and a private office.
External:
Front trade patio with bench seating for 36. Off-road parking for one vehicle. Enclosed service yard/bin store.
Licence:
A Premises Licence is held permitting the retail of alcohol:
Seven days a week: 11:00 – 00:00.
Services:
Mains electricity, water and drainage are connected. Cooking and heating via electricity. Log burners. The property benefits from both fire and intruder alarms.
Rateable Value: £11,500 from 1st April 2026.
Local Authority: North Yorkshire Council.
The Storehouse Bar & Eatery has been operated by our clients since 2019, trading as a neighbourhood bar and lounge, renowned for its range of cask and draught beers, carefully selected wines, cocktails and informal food offering which includes hand-stretched pizzas and charcuterie. The business also hosts a variety of events such as live music gigs, comedy evenings and private functions.
The business is currently operated by our clients alongside six part time members of staff. There is the opportunity to increase trade by extending the business’s limited open hours, which are currently as follows:
Monday & Tuesday: Closed
Wednesday & Thursday: 17:00 – 23:00
Friday: 17:00 – 24:00
Saturday: 12:00 – 24:00
Sunday: 14:00 – 21:00
It is our understanding that the annual net turnover ended 31 March 2024 is £330,363, resulting in a net profit of £6,265 and an adjusted net profit/ebitda of £48,992. The trade split is 80/20 in favour of wet sales. Further accounting detail will be made available to serious parties following a formal viewing. The business is currently supported by a dynamic website and social media accounts which will be passed over to the buyer on completion.
Tenure:
Leasehold premium £45,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The Storehouse Bar & Eatery is held on a full repairing and insuring lease from a private individual which expires in 2029. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent is £28,000 per annum, paid monthly in advance. There are no rent reviews within the term. An incoming party will be required to provide a rental deposit to the Landlord of three months’ rent in advance. The lease is free-of-all trade ties. VAT will not be payable on the premium and rental payments. We are advised that the Landlord is willing to provide a new, longer-term lease at an ingoing purchaser’s request.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
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