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LOW ENTRY COSTS

Hermitage Inn

Castle Street, Warkworth, Morpeth, Northumberland, NE65 0UL

Minimum Ingoing Cost: £5,360
NO RENT PAYABLE ON THIS AGREEMENT

The Opportunity
The Operator
The Offer

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Beer Garden

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External Drinking Area

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Letting Rooms

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Coastal

The Hermitage Inn, Warkworth, presents an exciting opportunity to take on a successful pub with rooms in one of Northumberland’s most picturesque and sought-after coastal locations. Situated on the high street in the thriving market town of Warkworth, the pub benefits from stunning surroundings including the river, beach and historic castle, attracting both a strong local community and year-round tourist trade.

The Hermitage Inn combines a popular pub operation with a successful accommodation offering. The pub features a spacious drinking area, a popular Sunday carvery, an attractive outdoor patio and five letting rooms with bed and breakfast accommodation, helping to attract both local customers and visitors to the area. Its prime location and strong reputation have made it a well-known destination in the heart of Warkworth.

There is a clear opportunity to grow sales beyond £10,000 per week by building on the strong foundations already in place. Increasing wet sales, developing events and entertainment throughout the week, and maximising occupancy in the letting rooms through improved marketing and online promotion could all drive additional revenue. The combination of a thriving tourist destination, strong food trade and accommodation offer provides an excellent platform for an ambitious operator to continue growing the business and attracting both local and visiting customers year-round.

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Catering Kitchen

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Team Games

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Pool Area

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Live Entertainment

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Live Sports

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Experienced Operator

Run The Hermitage Inn and take ownership of an established pub with rooms in one of Northumberland’s most desirable destinations. With strong existing trade, five letting rooms, a successful food operation, and significant growth potential still to unlock, this is a fantastic opportunity to build on an already thriving business while enjoying life in a beautiful coastal market town. The landlords would love to hear from you.

The landlords are looking for an experienced, community-focused hospitality operator with a strong food background and experience managing high-volume trade. The ideal pub partner will understand how to deliver a quality food and drink experience while making the most of the accommodation offer. Digital marketing and social media skills would be highly beneficial in attracting visitors and promoting the business’s unique location and events programme. Most importantly, they are looking for someone with the energy, passion and ambition to take an already successful business even further.

Reference Number: PSCFKB / 45285
Agreement Type: Operator Agreement

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.

All financial information shown, including projected turnover, costs and potential earnings, is provided for illustrative purposes only and was correct at the time of advertising. These figures are not guaranteed and actual results may vary based on trading performance, operator decisions and market conditions.

Business Details

Forecast Wet Turnover:	£249,600 pa
Forecast Food Turnover:	£145,600 pa
Forecast Letting Room Turnover:	£20,800
Estimated Annual Operator Share: Based on 20% of forecast weekly sales. This figure excludes VAT and business operating costs, including labour.	£83,200

Financial Details

Deposit:	£5,000
Legal Costs:	£360

With current sales of around £8,000 per week and currently trading at approximately 60% wet sales, 35% food and 5% rooms, providing a well-balanced income mix.

What’s in it for you?

20% share of weekly wet sales, excluding VAT.
Keep 100% of the food sales.
Low ingoing costs, starting with just a £5,000 deposit and £360 legal costs. (* Deposits can vary depending on the business*)
Accommodation included with most bills covered, except the council tax & TV License.

The private accommodation consists of a three-bedroom flat with an office, all in good order throughout; there is also a separate one-bedroom flat.

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MISREPRESENTATION ACT 1967

FindMyPub.com gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.

The information and images displayed about this property comprises a property advertisement. FindMyPub.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and FindMyPub.com has no control over the content.