Business for Sale Overview:
Advent Business Sales have been instructed to offer for sale this long established public house with significant potential. Staff includes the vendors plus 3 other members.
It has been in the current vendors hands for many years and is offered for sale due to retirement.
There are 2 separate bars which have been decorated in a traditional style.
The premises benefits greatly from the external seating area which has been fully decked out and gas heaters installed.
There is also a smoking area.
This public house benefits from being free of tie on all drinks except barrelled/Bottled beer and lager. Also free of tie are all gaming machines.
The premises is in the process of installing a hot & cold servery in the lounge which will start to serve snacks such as pizza’s, pasties etc.
Mon – Thurs: 11.00am – midnight.
Fri – Sat: 11.00am – 1.00pm.
Sun: 12 noon – 11.30pm.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Business Premises:
Spacious family accommodation with 2/3 bedrooms, lounge, kitchen and bathroom.
Ground Floor. Main door through to 2 bars. Lounge area with entrance to toilets. Public bar area with fruit machine and sky television. Ladies & gents toilets.
Outside cellar and storeroom. Access to accommodation.
The lounge has just been refitted to create a back bar servery which also includes items such as a pannini grill and microwave.
First Floor. Spacious living accommodation.
Landing to kitchen and leading into lounge.
2 large double bedrooms. Large office.
Family bathroom. External. Side door for access.
New lease has just been negotiated with a fixed rent for 6 years.
Tenure: Leasehold.
Original lease: 11 years.
Remaining lease: 11 years.
Review every: 5 years.
Business Rent: £21,000 per annum.
Accommodation rent: £5,000 per annum.
The lease will be renewed on the same terms as it is at present with Punch Taverns.
We are advised that the annual business rates are currently: £580 per month & the rates for the flat are £80 per month.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.