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.
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.