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BUSINESS REFERENCE : 8499 / RightBiz LEASEHOLD PUBLIC HOUSE/RESTAURANT IN CUMBRIA | | | | | | Public House Cumbria T/O: £380,000 GP: 50% | | | BUSINESS LOCATION: | Barrow-in-Furness Cumbria UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £175000 | ANNUAL RENT: | £44200 | | | | | | | | | | | BUSINESS DETAILS: | The Friars Hotel occupies a commanding trading position along Friars Lane in Barrow-in-Furness. The imposing two-storey building was built approximately 50 years ago and its unusual curved structure ensures maximum visibility from both ends of this busy street. Friars Lane is one of the main trunk roads into the centre of Barrow and runs straight through one of the area's largest residential estates. There is a busy parade of complementary shops within walking distance and a substantial car park nearby. Barrow is one of Cumbria's fastest growing communities, encouraged by a booming ship making coastal redevelopment programme.
Bag A Business is privileged to present to the market one of Cumbria's finest examples of modern contemporary public houses and restaurant venues. The substantial premises has recently undergone a £500,000 refurbishment, completely transforming the property to offer two open plan bar/lounge areas, a designated games room, and a traditional oak panelled restaurant with separate bar servery. The business was purchased by our client in February 2005, whose dream was to re-establish the commanding property as the area's main community venue. Main achievements have included the focus on the restaurant facilities, now receiving bookings for weddings, christenings and anniversaries. The Sunday carvery has become increasingly popular, with the mouth-watering two-course menu proving a massive success, priced at just £8.50. Entertainment is offered every Friday and Saturday (full programme displayed in the main bar) with four busy pool teams, card players and darts. Our client has also totally transformed the first floor private accommodation to offer four comfortable bedrooms; large fully fitted kitchen and recently upgraded family bathroom. Current sales average at £7,307 per week, with a healthy GP of 50%. There is endless scope for any experienced operator wanting to purchase an above average pub/restaurant venue to further build upon the already excellent sales growth.
FINANCIAL DETAILS
Average W/T: £7,307
GP 50%
OPENING HOURS
Mon & Tue: 5:00pm - 12:00am
Wed to Sun: 12:00pm - 12:00am (1:00am close on Fri & Sat)
PROPERTY DETAILS
Very spacious, detached public house with beer garden to two sides and large car park for approximately 60 cars.
GROUND FLOOR
Entrance vestibule
Two separate open-plan bar/lounge areas
Area 1:
Raised area with stainless steel gas fire, solid wood tables and chairs, club chairs and leather sofas
Decorated in relaxing cream and burgandy
Area 2:
Main bar with direct access to external beer garden.
Raised stage area with electronically controlled sports screen (can show two premiership games at once), feature fireplace, main bar servery
Games room:
Two pool tables, high and low level seating, separate bar servery and 42" plasma TV
Panelled restaurant (minimum 60 covers):
Stainless steel carvery unit (£5,000) and bar servery
Three separate ladies' and gents' WC facilities
Cleaner's cupboard
Cellar access
Door to owner's private hallway (separate entrance)
FIRST FLOOR
Halway
Fully fitted kitchen
Spacious lounge
Recently refurbished bathroom with corner jacuzzi bath/shower, double basin vanity unit
Separate WC
Office/bedroom 4
Bedroom 3 (double)
Bedroom 2 (large double)
Master bedroom suite (very large double)
CELLAR
Four separate areas, including newly upgraded barrel cool room, office and equipment store
EXTERNAL
Large customer beer garden
Designated smoking area with electronic canopy
Secure customer car park
Owner's garage
TENURE
Leasehold
Original lease: 10 years (renewable)
Remaining: 8 1/2 years
Review every: 5 years
Rent: £850 per week
Partial tie to brewery | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 8499 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
