Licensed property specialists, Sidney Phillips, have been instructed to market for sale The Black Swan in Culgaith, Cumbria. The property is a 17th century grade II listed village inn located in the beautiful Eden Valley between the Lake District National Park and the North Pennines. The village is situated between the ancient market towns of Appleby and Penrith and is in an Area of Outstanding Natural Beauty and is a tourist hotspot. There are many outdoor activities available locally including walking, cycling, and watersports, and the Carlisle to Settle Railway is just a short drive away. The property also benefits from free fishing rights on a 3 mile stretch of the River Eden.
The property has a three-section trade area, including a restaurant area for 48 covers with access to a private courtyard, a main bar with seating for 30 and its own on-street entrance, and a bottom bar with seating for 20, a large tv, darts throw and access to the beer garden. The inn offers 7 ensuite letting rooms, all of which are beautifully presented, with 2 featuring a bath, coffee and tea making facilities, TV, fitted wardrobes and storage space. Outside, there is parking for 12 vehicles at the front of the property, to the rear is a trade patio with seating for 24, a raised beer garden with seating for 50 and further car parking for 10 vehicles.
The Black Swan is a long-established coaching inn which boasts an excellent reputation and enjoys much repeat trade from both locals and tourists. The business has excellent reviews on Trip Advisor (9.3), Google and booking sites such as Booking.com, Expedia and Late Rooms. Our clients advise that occupancy levels are 70% all year round with tariffs on rooms ranging from £109 to £119 per night. Net sales for the year ended December 2022 are £370,457, with an adjusted net profit of £150,000.
Our clients currently operate the inn as a lifestyle business and there is the potential to increase trade further by promoting the restaurant area for private functions and events and by increasing marketing activity. Additionally, the owners’ accommodation could be let on the short-term holiday market and holiday pods could be erected on land to the rear of the property, subject to planning permission. This is an exciting opportunity for any experienced publican or chef to take this already profitable and established business to the next level.
The Black Swan Inn is for sale at a freehold asking price of £595,000. To enquire, please call our North West office on 01512 204879 or email northwest@sidneyphillips.co.uk . To view the property on our website, click here.
(5th March 2024)