Another Successful Sale: The Black Bull in The Yorkshire Dales
3rd March 2020
This historic public house and hotel in Richmond, North Yorkshire has been acquired by new owners.
The Black Bull is a traditional hotel and public house, featuring a bar, 2 restaurants and 8 en-suite letting rooms. The business was operated under the current ownership for the last 13 years, allowing the business to integrate itself into the community, becoming a popular attraction in this tourist friendly town.
Long established in this well-known tourist hot spot, this business has become a prominent cornerstone for the local community. It has rightfully earned a reputation for providing a time-honoured pub atmosphere, along with good quality food and warm accommodation.
The business has substantially benefitted from the professional ownership of the previous vendor, and they left in place the perfect business to acquire. With a loyal client base and an unrivalled reputation in this popular location, the business proved to be a heavily sought-after opportunity.
After over a decade of owning and operating this poplar business, the vendors decided that now is their time to enjoy their retirement. They had achieved everything they wished to achieve, and now was their time for enjoyment. They needed a brokerage service that was professional and experienced in handling sales in the Licensed and Leisure sector.
They ultimately instructed Kings Business to sell their unique business. Once Kings placed The Black Bull onto the market, the business successfully sold. It was eagerly acquired by a first-time buyer. The buyer is happy with their acquisition and looks forward to running the business.
The vendor commented;
“Sophie has been absolutely brilliant, and the sale has progressed since she took over the sale chasing all of the solicitors. Thank you for doing a great job.”
Lead Negotiator Sophie Jakeman commented;
“Congratulations to our clients, there have been many hurdles throughout the sale but we got there in the end.”