Popular pub and restaurant sold to regional operator

A popular Derbyshire pub and restaurant that boasts an average yearly turnover of close to £1m has changed hands.

Christie & Co has completed the freehold sale of The Blue Stoops in Dronfield to Repton-based operator Chilled Pubs on behalf of the True North Brew Co.

The bustling boozer was extensively refurbished in 2017. It includes a large internal bar, restaurant and function space and a 140-cover beer garden.

The property also includes upstairs space with potential for accommodation or additional trading areas.

The Blue Stoops is Chilled Pubs’ sixth in the region.

Kane Yeardley of True North Brew Co said: “I will miss The Blue Stoops greatly, having invested lots of time and money into the property over many years. However, the time was right for me to reduce the True North portfolio, using Christie & Co’s experienced assistance and industry relationships in order to successfully sell. I wish Chilled Pubs all the best with their purchase.”

Matt Hill, business agent – pubs & restaurants at Christie & Co, who handled the sale, added: “I’m thrilled to have completed on The Blue Stoops after running a fully open marketing process, where we had very strong interest from national and regional pub companies, off the £975,000 asking price. The pub is ideally positioned along Dronfield’s High Street, where trade will remain strong and was a rare opportunity to acquire a highly profitable village pub-restaurant. The successful sale is also a good sign in the market that interest remains high for quality freehold premises.”