| | | LEASEHOLD PUBLIC HOUSE FOR SALE IN NORTHUMBERLAND | | | BUSINESS FOR SALE ADVERT DETAILS ADVERT VIEWED : 52,529 TIME(S)
BUSINESS REFERENCE : 10394 / RightBiz | | | | | | Public House Prominent trading location within a popular coastal town in Northumberland T/O: £260,000 GP: 51.3% 90/10% wet/dry split Thriving community establishment Spacious & well appointed accommodation. Scope to develop food operation. Ref: 10394 | | | BUSINESS LOCATION: | Undisclosed Northumberland UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £37,950 + SAV | ANNUAL RENT: | £24,000 | | | | | | | | | | | BUSINESS DETAILS: | Location
This public house is located in a prominent and highly desirable trading position, within a popular and thriving coastal town, in Northumberland. The business occupies a substantial two storey, detached property with an attractive wide frontage, a beer garden and ample car parking spaces. It is located within a well-established housing estate, from which it generates much regular repeat business. There are no similar public houses within half a mile of the premises. In addition, it is only a mile from the centre of the town and the harbour. The area is easily accessible to all the major North-East conurbations.
Business History
Bag a Business is delighted to offer for sale this much sought after public house, in such an ideal trading location, within Northumberland. The property was purpose built as a public house in the early 1950s and is exceptionally well supported throughout the local community, boasting a large number of ladies and gents teams, which include darts, poker, pool and football. Currently the business has an annual turnover of £260,000 achieving a 51.3% gross profit, based on a 90%/10% wet/dry basis. This is a particularly attractive purchase as the property has undergone a substantial refurbishment programme and benefits from a high standard of fixtures and fittings throughout. There remains infinite scope to develop turnover further as the premises have a fully equipped commercial kitchen, yet the only major food operation is Sunday lunchtime. The first floor contains spacious, three double bedroom private living accommodation with additional lounge and dining areas. This is a unique opportunity to purchase such an established and well supported community pub.
PROPERTY DETAILS
Substantial two-storey, detached property occupying a spacious site with a large car park and beer garden.
GROUND FLOOR
Main entrance with double doors
Public bar with 5 points of dispense
Games machine, quiz machine, jukebox, TV, bar stools, tables, chairs and perimeter seating
Gents' W/C
Fire exit
Lounge bar with open servery to the public bar
New fridges and chiller units
Stage area
Additional tables, chairs and perimeter seating with 100 person capacity
Mobile dart board and entertainment system
Fire exit
Gents' W/C
Ladies' W/C
Door to rear garden with enclosed barbecue area
Commercial kitchen, fully equipped with 8 burner range and ovens, concrete flooring, stainless steel air extraction system, sink and hand sink
Exit door
Steps down to the large basement cellar with new python drinks system
Side entrance to the kitchen and access to private living accommodation
FIRST FLOOR
Landing
Lounge
3 double bedrooms
Exit door to sun lounge and washing area
Open plan dining room and kitchen
W/C
Bathroom with bath and basin
Store room
EXTERNAL
Attractive wide frontage
Large car park for 50 vehicles
Beer garden and smoking area
Barbecue area
OPENING HOURS
7 days per week: 12.00pm - 11.00pm
FINANCIAL DETAIL
W/T: £5,000 approx
GP: 51.3%
TENURE
Leasehold
Rolling 3 year lease
Rent: £24,000 per annum | | | | | | FOR SALE | | | | | SELLER: | AMBERGLOBE | | CONTACT: | 0800 707 6370 | | REFERENCE: | 10394 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
