Colliers advises on The Sportsman’s Inn deal
Cumberland Taverns has sold the lease of the restaurant and bar at Troutbeck to a Hesket Newmarket-based businessman.
The Sportsman's Inn is located on the A66 between Penrith and Keswick in Cumbria and is owned by Marstons.
The lease was sold at an asking price of £140,000 to Ian Loftus, who intends to run the business in a similar style to the previous owner, with some minor tweaks, including offering crêpes, homemade cakes and Italian coffee though-out the day.
Haydn Spedding, associate director at Colliers International, who acted on behalf Cumberland Taverns in the deal, said: "The Sportsman's Inn is a really well known, high turnover food-led public house located in an excellent trading position between Keswick and Penrith.
"Cumberland Taverns decided to sell The Sportsman's Inn to concentrate on its two Keswick town centre businesses, The Bank Tavern and The Rembrandt Restaurant, which is currently undergoing extensive refurbishment and will re-open as the Lakes Bar & Bistro."
