Christie & Co has brought to the market The Old Plough, a village pub, restaurant, and hotel situated in Braunston, Rutland as its current owners look to retire after 19 years.
With the original building dating back to the 18th century, The Old Plough have been extended over the year and now comprises five bedrooms, plus bar space for 50 covers and a conservatory restaurant with seating for 40 guests.
The business has historically been run under management and the current owner, Charles Boote, has now decided to sell in order to retire.
He comments, “My wife and I have owned The Old Plough for 19 years since 2000, and it has proved to be an excellent investment with continuing great reviews and great potential. We have continually modernised and updated the bar, restaurant and hotel facilities, to the point that The Old Plough is now offering a great experience to customers in Braunston, Rutland and the beautiful surrounding area, but as my wife and I are well past retirement age, it is now time to hand over The Old Plough to the care of new owners.”
Gavin Webb, senior business agent at Christie & Co is handling the sale and comments: “The Old Plough is a superb business and offers a fantastic opportunity for an owner-operator or small multi-site operator to take on a well established hospitality operation. “There are limited freehold opportunities available in Rutland and we anticipate strong levels of interest in this well invested and well located site.
“Pubs with rooms are growing in popularity and with its letting accommodation provision affording the business another income stream, this will make The Old Plough an extremely attractive proposition.”
The asking price for The Old Plough has been reduced to £695,000 for the freehold interest.