Former fine dining venue on the market for £950,000

A former fine dining restaurant which closed its doors in 2013 has hit the market with a £950,000 price tag.

Businessman Andy Ratcliffe has instructed Leeds-based business transfer specialist Blacks Business Brokers to find a new owner for The Weavers in the Colne Valley village of Golcar.

The Weavers had traded as a restaurant since 1972 and enjoyed a national reputation for fine dining. Ratcliffe has now taken the decision to focus on other, unrelated, business interests and has put the property up for sale.

The restaurant is being offered for sale on a freehold basis. However, Ratcliffe says he is also willing to negotiate a long-term lease for a suitable new operator.

The building, which was originally a cloth finishing mill, dates back to 1774. It opened as a restaurant, the Weaver’s Shed, in the early 1970s, and six luxury guest bedrooms were added in 1999.

The ground floor houses the main restaurant, with seating for up to 125 covers, along with a modern bar and fully equipped catering kitchen.

On the first floor the property offers a function suite with capacity for 70 and space for dancing.

Externally, the property is set in its own grounds, with a large manicured garden and parking for up to 40 vehicles.

Leonie Duffy, sales executive at Blacks Business Brokers, said: “This is a stunning property and it would be wonderful to see it brought back into service as a high-quality restaurant. It is being offered for sale on either a freehold or a leasehold basis so it should appeal to a range of different purchasers.

“For many years the Weavers was known nationally for its cuisine and a new owner would have a fabulous opportunity to build upon this. Its function suite and exceptionally well-appointed letting rooms mean it also has great potential as a venue for weddings and other celebrations, offering a substantial income stream that would be booked months or even years ahead.”