Leasehold Public House/restaurant & Guest House | | Telford Shropshire | | LEASEHOLD PUBLIC HOUSE/RESTAURANT & GUEST HOUSE Advised turnover £9,706 PW with good gross profit returns Truly marvellous original features and period character | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 36386
ADVERT IMPRESSIONS : 20,002 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | LEASEHOLD: | £175,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LEASEHOLD PUBLIC HOUSE/RESTAURANT & GUEST HOUSE
Advised turnover £9,706 PW with good gross profit returns
Truly marvellous original features and period character
Beautiful location in Ironbridge, Telford, Shropshire
Early interest and viewing is highly recommended
Historic property dating back to the early 1700’s
Self contained owner’s accommodation
Scope for further development
LEASEHOLD
Location
This beautiful public house enjoys an ideal and picturesque location in Ironbridge, Telford, Shropshire. The property is positioned between 2 major through roads which connect the north and south sides of Shropshire. The business is highly visible to all who pass through and is well known as a local landmark. The views from the business of the surrounding area are stunning and stretch for miles. The local area offers some very upmarket homes and businesses alike which supply the pub and restaurant with consistent trade throughout the year. Ironbridge Gorge, known for being the birth place of the industrial revolution, is a truly beautiful place offering some of Shropshire’s finest landmarks, views and historic attractions which in turn brings visitors to the area throughout the year. This is a hugely desirable location, attracting a wealth of lifestyle change opportunists who appreciate its fine historic buildings and breathtaking scenery. The Gorge itself is a world famous heritage site and is adorned by a plethora of interesting stately homes, castles, abbeys, churches, Roman ruins, stunning parks and gardens displaying nature at her best. Renowned as the birthplace of the industrial revolution the area was once a hive of industry but now the factories are gone and the Ironbridge of today is quite simply beautiful. There are many attractions within a short distance of the business making it an ideal place for refreshments, a tasty meal or indeed a place to stay. The location has many popular neighbouring villages and market towns including Telford, Shrewsbury, Much Wenlock and Newport to name a few. The location also benefits from being very easily accessed via the M54 which links to the M6 motorway making visiting and commuting very easy.
Business History
Meridian Business Sales are delighted to offer for sale this exceptional leasehold public house, restaurant and guest house which has a proud history, being one of the oldest licensed premises in Ironbridge circa 1728 which is some 50 years prior to the construction of the famous Iron Bridge. Our client has owned the business since 2007 and is only now placing it onto the market due his interest in other business opportunities. The business achieves a very respectable advised weekly turnover of £9,706 derived from offering a fine selection of beers, wines and spirits coupled with a popular food menu and well presented en suite guest accommodation facilities. It has always enjoyed excellent levels of repeat trade with many of the regulars visiting for generations as well as new customers from good word of mouth recommendations and from the mass of Ironbridge visitors who come to the area throughout the year. The property is well presented throughout with a wealth of period features and original character adorned with naked wooden beams and even retaining the original fireplace where the ‘’Mash’’ was prepared many years ago. Our client has gone to considerable expense and effort on the presentation of the business including quality fixtures and decoration which is a huge plus for a new owner as additional funds will not need to be spent for the foreseeable future. The property also has private owners’ accommodation which makes this superb and exciting business an option for those purchasers who do not live in the area and who wish to re-locate to this stunning part of the UK. We feel that this opportunity offers a new owner an excellent lifestyle and we urge early interest as businesses of this quality are rarely available for long.
Financial Profile
Turnover: £9,706pw
Gross profit: 52%
Stock approximately: £5,000
Tenure
Leasehold
Original length: 20 years
Remaining: 17 years
Rent: £52,000pa
Opening Hours
Monday: 11:00am - 11:00pm
Tuesday: 11:00am - 11:00pm
Wednesday: 11:00am - 11:00pm
Thursday: 11:00am - 11:00pm
Friday: 11:00am - 11:00pm
Saturday: 11:00am - 11:00pm
Sunday: 11:00am - 11:00pm
Accommodation
Very well presented and maintained corner property with bar, restaurant, guest accommodation and self contained owners’ accommodation, briefly comprising:
LOWER GROUND FLOOR
Cellar
GROUND FLOOR
Access via front door or from car park the guest accommodation has own front door access.
Bar - Main bar area with beautiful original features including flooring, naked beams and feature fireplace, fitted bar with pumps, rear spirit and wine displays, fridges and glass storage, fixed seating plus chairs and tables.
Extended rear and side area for additional dining space with table and chairs, stunning views, male and female toilets, stairs access and side of bar snug area with grand original fireplace for approximately 40 covers.
Restaurant - Large restaurant area with connecting dining room, many original features including flooring, wooden beams and fireplace, original fire used for ‘’Mash’’ (proud feature in the dining area), well spaced tables and chairs approximately 40+ covers.
Kitchen - Access behind bar with walkway to restaurant area, fully fitted commercial stainless steel kitchen. Storage utility room giving access to accommodation.
FIRST FLOOR
Landing accessing
Guest Bedroom 1 - Double with en-suite shower, toilet and wash basin
Guest Bedroom 2 - Supreme double with four poster bed and en-suite bath, toilet and wash basin
Guest Bedroom 3 - Twin with en-suite shower, toilet and wash basin
Guest Bedroom 4 - Twin with own living space, living room, en-suite shower, toilet and wash basin (Guest room 4 has a kitchenette that is currently disconnected but could be reconnected for owners’ accommodation)
Owners’ accommodation comprises of:- Double bedroom, bathroom, living room and kitchenette.
EXTERNAL
Front courtyard area - Large front cobbled space giving outside seating and lounging space with all weather tables and chairs and weather shield umbrellas. Rear area - Large private use car park, ample spaces for 40+ vehicles. Beer garden area - Beautifully presented area with flower beds, lawns and wooden walkway to restaurant plus dining, lounging space with all weather tables and chairs. | | | | | | FOR SALE | | | | | REFERENCE: | 2101 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
