| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 4,768 TIME(S)
BUSINESS REFERENCE : 10445 / RightBiz FREEHOLD PUBLIC HOUSE IN GLAMORGAN | | | | | | Public House Tonypandy, Nr Pontypridd, Glamorgan Prime position in busy town centre W/T: £2,700 GP: in excess of 55% Versatile premises with 2 function rooms and spacious traditional pub area. Living accommodation | | | BUSINESS LOCATION: | Undisclosed Mid Glamorgan UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | FREEHOLD: | £499,950 + SAV | | | | | | | | | | | BUSINESS DETAILS: | Morgans is ideally located in a prominent and highly desirable trading position within the busy pedestrianised area in the centre of Tonypandy, Glamorgan. South Wales. The business is on Dunraven Street and behind the premises is a free car-park, utilised by shoppers and visitors to the town. The exterior boasts a good sized rear garden that may be converted into a beer garden/patio as opposed to a smokers' area. Tonypandy is one of the principal shopping areas within the Rhondda Fawr Valley and is a destination venue for the surrounding towns and villages. The town is a comfortable distance from both the M4 and the A470 making it an ideal commuter location for Pontypridd and other major towns along the M4 corridor.
Bag a Business Ltd is delighted to offer to the market this spacious and popular public house situated in a prime trading location within the town of Tonypandy in Glamorgan. The building can date its history as a public house back to the 1860s and our client's family has been involved with the pub since the mid 1970s. Our client became licensee of the premises in 1994 and is only now placing the business onto the market due to his wish to pursue a business opportunity abroad. These spacious and versatile premises offer trading areas over two floors with the ground floor providing a traditional British pub environment and the first floor provides two separate function rooms with their own dedicated bars. The business is demonstrating a healthy turnover of approximately £2,700 per week with a gross profit in excess of 55%. The turnover has been significantly higher in the past and a decision to re-instate a full dining menu as well as begin to pro-actively book functions and put on themed nights could see a return to highly profitable figures. Of particular note to a prospective purchaser is that Morgans is not tied to any brewery and there is a recently refurbished one bedroom flat situated over the business. Morgans has also recently been granted a 7 day entertainment license. This is a unique opportunity for an enthusiastic operator to build upon to increase the turnover and profitability by possibly introducing a dedicated dining area as well as taking full advantage of the high standard function rooms.
FINANCIAL PROFILE
W/T: £2,700 approx.
ACCOMMODATION DETAILS
Three storey building of stone and brick construction situated beneath a pitched tile roof on a substantial plot. Briefly comprising:
GROUND FLOOR
Main entrance leading to public bar area
Large raised seating area with feature working fireplace
Bar with 9 points of dispense, accompanied by drinks chillers and optics
Family seating area
Toilets
Access to rear patio area
Fully equipped commercial kitchen
Access to the first floor
FIRST FLOOR
Large function room capable of catering for up to 100 people with dedicated bar offering 10 points of dispense
Sports bar/second function room with dart board and dedicated bar offering 9 points of dispense
Toilets
Access to living accommodation
SECOND FLOOR
Living accommodation, briefly comprising:
Double bedroom
Kitchen
Lounge
WC
Bathroom
TENURE
Advised freehold
Leasehold option available at: £70,000 + SAV
Rent: £580 per week | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 10445 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
