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BUSINESS REFERENCE : 1717 / RightBiz EXCELLENT PUBLIC HOUSE WITH LARGE STAGED FUNCTION ROOM | | | | | | EXCELLENT PUBLIC HOUSE WITH LARGE STAGED FUNCTION ROOM - NOTTINGHAMSHIRE Two independent areas public house & function room High rental potential, ideal for parties, birthdays etc | | | BUSINESS LOCATION: | Undisclosed Nottinghamshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £125000 | | | | | | | | | | | BUSINESS DETAILS: | EXCELLENT PUBLIC HOUSE WITH LARGE STAGED FUNCTION ROOM - NOTTINGHAMSHIRE
Two independent areas public house & function room
High rental potential, ideal for parties, birthdays etc
Situated in the town centre of Long Eaton
TO £4,500 PW with good profit returns
Early interest is highly recommended
Scope for further devlopment
LEASEHOLD
Location
This well situated public house and function room has an ideal location in the town centre of Long Eaton, Nottinghamshire. The property is situated on one of the town's main access roads where there is a healthy flow of traffic on a daily basis. The business also benefits from having a wide selection of neighbouring commercial style businesses and corporate offices which brings shoppers and workers to the area throughout the year. Long Eaton is a highly desirable business and residential town due to its fine housing, excellent central shopping facilities, good schools and NHS services, close proximity for the city of Nottingham and easy motorway access via the M1 which is less than 1 mile away. The town has several neighbouring popular areas including Sandiacre, Risley and Beeston to name a few. Derby is situated less than 10 miles away and Nottingham is less than 9 miles away making the location an excellent central point to access the best of Derbyshire and Nottinghamshire.
Business History
Meridian Business Sales are delighted to offer for sale this truly exceptional public house with a function room which has a proud history dating back to 1906. The business has been owned by our client since 2003 and is only now placing it onto the market due to his strong desire for a lifestyle change. The business which is run and managed by our client with the assistance of staff achieves a very respectful weekly turnover of £4,500 derived from the sale of a fine selection of beers, wines and spirits, pub style snacks and a popular large function room which is ideal for rental. The business has 2 main parts which are situated at either side of the property. The one side is a traditional town centre public house and the other side a large function room with own bar, stage and seating. The business has an excellent local reputation with many of the customers visiting for many years. The function room is an ideal venue for parties, birthdays, bands and social events. Each side has its own facilities and entrances which is a huge advantage for running two separate functions at any one time. This is a very rare business which offers a sizable function room in a very busy town area and can accommodate large numbers with ease. The business also benefits from being privately leased and not directly leased through a brewery which in turn gives very sensible rents and favourable alcohol purchasing. We feel that this opportunity provides a new owner with an excellent base to build upon and we urge early viewing of this rare business.
Financial Profile
Turnover: £4,500pw
Gross profit: 56%
Stock approx: £6,000
Tenure
Leasehold - Length to be negotiated
Rent: £750pw
Opening Hours
Monday - Wednesday: 10:00am - 11:30pm
Thursday - Saturday: 10:00am - 01:00am
Sunday: 10:00am - 12:30am
Accommodation
Single storey property offering main town through road public house entrance and private rear function room entrance, open plan pub area with fitted bar, ample seating with pool table, function room being large open plan with own bar stage, dance floor and seating, all well maintained and well presented throughout.
GROUND FLOOR
Public house
Main through road entrance, open plan
Table's chairs and central high stools with raised tables
Sound system and projector screen entertainment, pool table, fitted bar with 15 pumps, rear spirit displays, drinks chillers and glass storage, behind bar kitchenette with double wash sink, worktops, cooker, microwave, fridges, preparation area with sound system controls, cellar access, male and female toilets, corridor accessing function room, secure door access
Function room
Own back road access
Large open plan function room
Fitted seating with tables and chairs
Front raised stage with curtains, dance floor with fitted overhead lighting system, DJ booth, sound system
Male and female toilets
Corridor accessing public house
Secure door access to public house
Fitted large bar with 22 pumps, rear spirit displays, drinks chillers and glass storage
Above bar display space (trophies and banners)
Behind bar kitchenette and storage space
Basement cellar | | | | | | FOR SALE | | | | | SELLER: | MERIDIAN BUSINESS SALES | | CONTACT: | 0845 222 0508 | | REFERENCE: | 1717 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
