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BUSINESS REFERENCE : 10263 / RightBiz LEASEHOLD PUBLIC HOUSE FOR SALE IN HEREFORD, HEREFORDSHIRE | | | | | | Public House Herefordshire T/O: £420,000 GP: 58% Well established business. Busy main road trading position. 75 cover restaurant. Beer garden overlooking river. Indoor and ouitdoor childrens' play areas. Leasehold: £135,000 + SAV | | | BUSINESS LOCATION: | Hereford Herefordshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £135,000 + SAV | ANNUAL RENT: | £50,000 | | | | | | | | | | | BUSINESS DETAILS: | The Wye Inn is ideally situated on Holme Lacy Road, a busy main road running into the popular town of Hereford. The public house is set back from the road with easy access from both sides of the road. The Wye Inn is surrounded by densely populated residential areas and within a few minutes' drive there is a large industrial park. There has been and will continue to be a large amount of investment in private housing on sites such as the old SAS base. Hereford is 16 miles east of the Welsh border and is situated on the River Wye. The area benefits from an excellent reputation for education and culture, with attractions such as Hereford Cathedral School and the National School for Blacksmithing.
Bag a Business is delighted to offer for sale this splendid public house/restaurant in Hereford. The business is believed to have been established in the early 1900s and has been under the careful management of our client since 2004. It is only now being placed on the market due to our client's wish to concentrate on other business interests. The Wye Inn generates an impressive turnover of £420,000 per annum with a strong gross profit of approximately 58%, derived from offering an extensive menu with a traditional Sunday carvery and a popular Thursday carvery targeted at the local pensioners. In addition to this the inn has a strong, loyal customer base which boosts the wet side of the business. During our client's ownership the premises have been updated to the high standard they enjoy today and now boast a friendly, welcoming atmosphere. We feel that this is an excellent base for a new owner to take advantage of, perhaps by extending opening hours, increasing the menu selection and running functions and outdoor events during the summer months.
PROPERTY DETAILS
Large, detached purpose built public house with extensive car parking to the rear, briefly comprising;
GROUND FLOOR
75 cover restaurant
Fitted bar with beer dispensers
Glass fronted chillers
Electronic cash register
Commercial kitchen
Food order point
Indoor children's play area
W/Cs
FIRST FLOOR
Spacious and comfortable flat with:
Dedicated office for the business
Two double bedrooms
One single bedroom
Family bathroom
Spacious lounge/diner
Kitchen
EXTERNAL
Children's play area
Patio to the front aspect with seating for 15-20 customers
Car park for approximately 40 cars
Large beer garden
OPENING HOURS
Mon - Thu: 12:00pm - 3:00pm and 5:00pm - 12:00am
Fri & Sat: 12:00pm - 1:00am
Sun: 12:00pm - 11:00pm
FINANCIAL DETAIL
W/T: £8,100 approx
GP: 58%
TENURE
Leasehold
Original length: 25 years
Remaining length: 17 years
Review every: 3 years
Rent: £50,000 per annum | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 10263 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
