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BUSINESS REFERENCE : 8854 / RightBiz LEASEHOLD PUBLIC HOUSE FOR SALE IN NORTHAMPTONSHIRE | | | | | | Public House Northampton T/O £260,000 approx Well established business. Centrally located in the heart of a popular village. Potential to introduce food sales and increase turnover. | | | BUSINESS LOCATION: | Northampton Northamptonshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £79995 | ANNUAL RENT: | £36000 | | | | | | | | | | | BUSINESS DETAILS: | Location
The Melbourne Arms is situated on Melbourne Lane in Duston, an affluent and well populated village, just two miles from Northampton. The pub is located in the heart of the old part of the village, which has grown considerably over the past few years. There are also another 2500 houses being built in the area, which will potentially increase custom and turnover for the business. The surrounding areas are densely populated and the Six Fields Stadium is a popular local attraction. The village has good transport links to the M1 motorway.
Business History
Bag A Business is delighted to offer for sale this thriving, public house in Northampton. There has been a public house on this site for the past 500 years and the Melbourne Arms has been in the hands of our client since 1979. It is only now being offered to the market due to ill health. Due to our client's ill health, the business is mainly staff run with 7 part-time staff members and a cleaner, allowing a hands on owner potential to increase the turnover. The annual turnover is currently in the region of £260,000, which is derived from wet sales only, again allowing potential to introduce food. The business has an Enterprise Inns lease and is tied to beers only. Our client has also installed, at a cost of over £13,000, a media theme machine, which covers all the entertainment including games and Karaoke. The tranquil location and ease of operation makes this an ideal first time purchase. Early viewing is strongly recommended to avoid disappointment.
PROPERTY DETAILS
Large, spacious 500 year old premises with an abundance of character and charm, briefly comprising:
GROUND FLOOR
Main lounge
Large bar with refrigerated units and 14 points of dispense
Pool and darts area
2 large plasma screens
2 TVs
Media theme machine
Second lounge to the side
W/Cs
Basement with wet and dry cellars
FIRST FLOOR
Lounge
Kitchen
3 bedrooms
Bathroom
EXTERNAL
Car park
2 beer gardens, one with children's play area
Storage area
2 large, brick built sheds
OPENING HOURS
Mon - Thur: 11.00am - 11.00pm
Fri & Sat: 11.00am - 12.00am
Sun: 11.00am - 10.30pm
FINANCIAL DETAIL
W/T: £5,000 approx
GP: £130,000 approx
TENURE
Leasehold
Original length: 20 years
Remaining length: 16 years
Rent: £36,000 per annum | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 8854 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
