Vennell's restaurant on the market after 17 years
Jon and Laura Vennell have put their restaurant Vennell's in Masham, North Yorkshire, on the market after 17 years of trading with a guide price of £575,000 for the freehold.
The couple have decided to pursue a new challenge and are prepared to sell the business with or without its name and goodwill.
The restaurant is set in a large Grade II-listed Georgian property off Masham's town square and recently underwent an extensive refurbishment. It comprises a ground floor dining area and a private dining room on the lower ground floor, as well as owner's accommodation on the first and second floors.
The Vennells said: "Now in our 17th year as guardians of this amazing building, it is time to pursue our next adventure. The locals have always supported the restaurant on this site which dates back to the 70s.
"The building, following an extensive renovation both inside and out this year is in exceptional condition, as is this business breaking all records in the last four months. The scope to run this restaurant more as a business than a lifestyle is massive."
David Cash, associate director in Christie & Co's hospitality team, who was handling the sale, said: "Ordinarily town centre restaurants are held on a leasehold basis and rarely do freehold opportunities like this one present themselves. In addition, rarely do hospitality business premises come with such substantial living accommodation.
"Vennell's presents an opportunity for an experienced chef to live and work in an immaculately presented property, which has seen a great deal of investment recently. Not only that, but they stand to benefit massively from the reputation that Jon and Laura have built over the past 16 years. Vennell's is known far and wide as a quality eatery and presents massive potential."
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