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Award-winning chef patron puts North Yorkshire boutique hotel on the market for £1.2m

Wyvill3

Nigel Stevens, chef patron of The Wyvill Arms in Yorkshire, has decided to put the business up for sale with an asking price of £1.2m for the freehold.

Stevens has owned the 18th century former farmhouse since 1998 and now plans to retire, having previously operated a number of different pubs in the region.

The Wyvill Arms, which comprises a pub, restaurant and seven bedrooms, has been featured in the Good Pub Guide and the Michelin Guide and is on course to generate revenues of £500k in 2019.

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Stevens was named Licensee of the Year at the 2019 Pub of the Year Awards, which were held this September.

Now he has instructed Blacks Business Brokers to find a new owner for the hotel in Constable Burton, Leyburn.

The property has traded as the Wyvill Arms since the early 1980s and was given a refurbishment in 2016 and 2017 with an £200k investment, increasing the bedroom count from four to seven.

The business consists of a pub with two bars and a restaurant, providing seating in total for 80 covers, with seating outside for a further 20.

Wyvill Arms, which will remain open as usual until a new owner takes over, is run by Stevens along with 15 staff.

Megan Sutherst, sales negotiator at Blacks Business Brokers, said: “I could see this business working well for someone at a senior level in the hospitality trade who wants to capitalise on their experience, either as a chef or a manager.

“Alternatively, if it were to be run under management it would make a great addition to an existing portfolio of high-end pubs or boutique hotels.”

All enquiries should be directed to Blacks Business Brokers on 0333 370 0000, quoting reference 5200.

Tags : Blacks Business Brokersbusinesschef patronchefsfor salehotelsNorth Yorkshire
Zoe Monk

The author Zoe Monk

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