Public House With 5 Letting Rooms In Durham | | Durham County Durham | | T/O: £191,000 GP: 55% Village location Huge scope, run at a pace to suit | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 38104
ADVERT IMPRESSIONS : 18,470 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | FREEHOLD: | £274,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Royal Oak Inn is situated in a prominent position in the village of Cornsay Colliery in County Durham. The public house boasts stunning views over the surrounding countryside and lies opposite a nature reserve. The village lies on the B6301, the main arterial road between Tow Law and the Cathedral city of Durham, approximately 7 miles away.
Business History
Preferred Commercial is delighted to offer to the market The Royal Oak Inn, which was purpose built as a public house in 1864 and has been in our clients' careful hands since 1995. The public house is only now being offered for sale due to other business interests. The pub generates a turnover in the region of £191,000 per annum with a gross profit of 55%. This is derived from an 80/20% wet/dry split. The business boasts 5 en-suite letting rooms, which have recently been completely refurbished and spacious dining areas for approximately 50 covers. The public house is currently run at a pace to suit our client, giving a new owner the opportunity to increase turnover by expanding the food side of the business and, perhaps, opening all day. There has been negligible marking or advertising activity and we feel this business would benefit from the introduction of a web site. We feel this represents an ideal opportunity for a new owner to acquire a well-established public house in a beautiful rural location with immense scope for the future. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £191,000 approx.
GP: 55%
Opening Hours
Mon - Fri: 3.00pm - 11.00pm
Sat: 12.00pm - 12.00am
Sun: 12.00pm - 11.00pm
Accommodation Details
Substantial 2-storey property on a prominent corner site. Briefly comprising:
Ground Floor
• Open-plan bar area with tables, chairs and perimeter seating (addition 20 covers if required), LCD TV, pool table (owned), darts throw, open fireplace, central bar servery with 15 points of dispense and cash register
• Ladies WC
• Gents WC
• Restaurant with tables and chairs for 30 covers
• Preparation kitchen with commercial sink, stainless steel preparation tables and various refrigerators and freezers
• Commercial kitchen with commercial grade flooring, 6-burner hob and ovens, double fryer, single fryer, hot cupboard, Bain Marie and stainless steel extractor.
Lower Ground Floor
• 4 x cellar rooms
First Floor
Letting accommodation:
• Room 1: Family room with double and bunk beds with en-suite walk-in shower, WC and wash basin
• Room 2: Twin room with en-suite walk-in shower, WC and wash basin
• Room 3: Twin room with en-suite walk-in shower, WC and wash basin
• Room 4: Double room with en-suite walk-in shower, WC and wash basin
• Office
• Room 5: Twin room with en-suite walk-in shower, WC and wash basin
Private accommodation, accessed via separate stairway:
• Open-plan studio room with double doors to first floor balcony boasting fantastic views
• Bathroom with bath, WC and wash basin
External
• Garden to front
• Smoking area
• Yard to rear
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 1458 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
