A popular North Yorkshire pub has been put up for sale by its owners amid changes for its owners.
The Wild Swan has been a focal point of the affluent village of Minskip since 1832, popular with locals and visitors with its open fireplaces, age old beams and traditional tap room.
Current owners Karl and Amanda Mainey took on the rundown venue in 2017, transforming it into a destination pub offering local food and ales, also creating a beer garden and wood-fired pizza oven.
But Mr and Mrs Mainey have also taken on a second venue – The Tickled Trout at Bilton in Ainsty – and, concerned they can’t offer the time they’d like to both venues, have taken the decision to sell The Wild Swan.
Property firm Christie&Co is marketing the venue with a guide price of £550,000, saying it presents a lucrative opportunity for a new operator, as planning permission has been approved to create four letting rooms in a disused outbuilding to the rear of the pub.
Mr Mainey said: “It has always been our intention to grow the Wild Swan to a sustainable level and move on to hopefully replicate our success at other venues.
“In 2019 we bought what is now, The Tickled Trout at Bilton in Ainsty and having grown that business as well, we can’t devote as much time as we’d like to either venue.
“We have an excellent team of staff here and they will be assets to whomever takes over the business. We’ve spent a huge amount of time, effort and money building the business and our team have been integral to all of that.
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“The pub is well-established but still has potential for growth with opportunities to increase revenue further. Until we do sell, it’ll be business as usual when we’re allowed to reopen and we’re very much looking forward to opening our doors again.”
David Cash, associate director in Christie & Co’s hospitality team, added: “The Wild Swan is a great example of a business that has managed to get the balance right between a warm and welcoming, community local whilst establishing itself as a destination restaurant. We expect a range of interest from owner-operators as well as regional multi-operators who may look to bring the site into their existing portfolio.
“The planning permission to introduce four letting rooms in the barn is a huge bonus for the incoming owner.
“Since July 2020, we have seen a marked increase in demand for hospitality businesses with accommodation due to a staycation boom that is expected to continue in 2021 and beyond, in light of ongoing international travel restrictions.”
The Wild Swan is on the market with a guide price of £550,000 for the freehold or Nil Premium lease with a commencing rent of £45,000 per annum for the leasehold.