| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 4,010 TIME(S)
BUSINESS REFERENCE : 7021PE / RightBiz 7021PE-SKEGNESS-£98,000-BAR | | | | | | BAR SKEGNESS REF: 7021PE ASKING PRICE: £98,000 | | | BUSINESS LOCATION: | Skegness Lincolnshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £98000 | | | | | | | | | | | BUSINESS DETAILS: | THE BUSINESS
Advent Business Sales have been
instruction to offer for sale this
modern bar which has been established
since the 1960’s.
The current vendor has been in
ownership for a decade and is
reluctantly selling due to other business
commitments.
The premises have been extensively
refurbished by the landlord – Punch
Taverns and reopened in June 2005
after an unfortunate fire in 2004.
Our client informs us that he is tied to
Punch for draught and bottled beers
but retains 100% of the income from
the four gaming machines.
Wet sales account for 80% of the total
revenue whilst food represents the
balance.
Prior to the fire, our client utilised part
of the first floor as a B & B. At present
there are potentially 7 letting rooms,
which are built but need a total internal
refurbishment, as they are a bare shell
at present.
POTENTIAL
The vendor has indicated to us that
there is demand for daytime food and
evening entertainment.
This represents an excellent
opportunity for perhaps a husband and
wife team with one being a chef.
We recommend early viewing to
appreciate the standard of décor,
building work required to develop the 7
letting rooms.
TRADING HOURS
During the season:
March to October: 12 noon – 1.00am
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
Annual Sales: £180,000
Gross Profit: 50%
Accounts will be made available to
interested parties after a viewing has
taken place.
Please let us know if you require finance
for the purchase of a business
BUSINESS PREMISES
Ground Floor
90 cover
modern fixtures & fittings
disabled w/c
ladies & gents w/c’s
open plan bar
4 gaming machines
dance area
stainless steel kitchen with walk in
fridge and freezer
internal door to first floor which
also has an external door
First Floor
2 bed self contained flat
potential 7 letting rooms
office
External
Rear view over a caravan park
TENURE: Leasehold
Current Lease: 25 years
Lease Remaining: 14 Years
Review every: 5 years (next
review 2011)
Annual Rent: £18,750 per
annum
We are advised that the annual business
rates are currently: to be confirmed
VIEWING
Please DO NOT approach the business
or its employees without a prior
appointment.
All appointments are to be made via our
office. | | | | | | FOR SALE | | | | | SELLER: | ADVENT BUSINESS SALES | | CONTACT: | 0844 8009092 | | REFERENCE: | 7021PE / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
