Partial Tie, Good Turnover, Excellent Location | | Great Yarmouth Norfolk | | A prominent leasehold business with a partial tie. Been trading with current owners for a number of years with trade improving each year. Fully Refurbished to high standard a complete turnkey business. A genuine opportunity with multiple profit generators. Lease to let or rent Partial Tie, Good Turnover, Excellent Location is located in Norfolk. | | ADVERT NUMBER : 26968
ADVERT IMPRESSIONS : 24,906 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Private Sale | LEASEHOLD: | £69995 | | | | | BUSINESS DETAILS: | A well established Public House with a good wet trade a recently introduced growing food trade currently 10% and the recently introduced room lets with communial facilities. In addition private living accommodation comprising Kitchen, Bathroom(Luxury suite), Office, Living Room, and a further 4 rooms which are all currently used as double bedrooms but could be changed if required. Turnover has increased each year over the last 3 years and with the recent re-fit has secured its footing in the trade and is one of the best in town. The refit gives a quality finish whilst maintaining the local feel. Modern furniture and traditional mix well and offer diverse trading opportunities. Located in Coastal Norfolk, Great Yarmouth is one of the countries top seaside towns and year after year brings thousands of visitors on both holidays as well as day trips. The new harnour opens in 2009 and will certainly see an increase in people in the town and raise its profile. The location could not be better only a short walk from the sea front and the bustling town centre whilst being surronded by a number of quality B & B 's and small Hotels as well as established private residential housing. There is very little competition around this business and certainly none that is able to offer the range of services such as full menu, rooms, traditional pub games etc. The business is run by the landlords and a small staff of part timers. This would be an ideal operation for two families or the current team that has been with the pub for considerable time and would be more than happy to stay on should that be required. The potential to expand is great due to the number of rooms available the style of letting could be changed(STPP & Landlord Consent) (at present they are let weekly) and focused more on B&B / Hotel style. A full licence is in place and trades 7 days a week 12-late. The premises enjoys a good reputation with the authorities and enforces all regulations. A full fire alarm system runs throughout the building along with a burglar alarm in the pub its self. A 12 camera cctv system which records to hard drive is installed and fully working. The property has all mains connected. The current rent is £36,000 incl ALL domestic, service charges & VAT and the lease is fully repairing & insuring. The machine income is split 50/50 and the "Tie" is for barrels, bottled beer & FAB's, Free of tie on all wines, spirits, Minerals, Mixers, Food. A "UNIQUE OPPORTUNITY" is offered here, the current leaseholders are selling due to health issues which will worsen over time. The price for the business asked includes all F & F (to include all tv's, CCTV, all pub furnishing, all trade kitchen fittings all glassware etc a fitted sound system with karaoke and 0000's of tracks system value circa 4k) all stock which averages with food in the region of £5000. In addition all the F & F in the letting rooms incl 2 equipped communal kitchens x rooms with TV's & furnishings. Then finally everything in the private accommodation! (they will only be taking there personal effects). So if you have ever wanted to literally just walk into a business with living accomodation that is trading and has 4 different profit generators with opportunities to further build & develop with none or very little work required this is it. One price everything which will also save on professional fees such as valuers, stocktakers etc. Walk in and Work Offer is offered at £69995
Should you not require the private effects and wish to negoitate on the F & F then we would look at offers in excess of £45,000 + F & F + S A V. | | | | | | UNDER OFFER | | | | | | | | | | | |
