Public House With 5 Letting Rooms | | Spalding Lincolnshire | | PUBLIC HOUSE WITH 5 LETTING ROOMS - LINCOLNSHIRE Turnover £150,000 pa with huge growth potential Good quality 3 bedroom owners accommodation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 44011
ADVERT IMPRESSIONS : 16,020 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | FREEHOLD: | £280,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | PUBLIC HOUSE WITH 5 LETTING ROOMS - LINCOLNSHIRE
Turnover £150,000 pa with huge growth potential
Good quality 3 bedroom owners accommodation
Town centre location in popular Holbeach
Early viewing highly recommended
Well established business
Ideal for hands on owners
Reduced for quick sale
FREEHOLD
Location
This superb public house with letting rooms is located in the town centre on the main through road of the popular and affluent town of Holbeach. Holbeach is a popular and upmarket town in the county of Lincolnshire renowned for its open countryside, weekly markets and fine period properties. The business stands in a prominent position close to one of the major crossroads and is surrounded by a wealth of complimentary businesses such as shops, car dealerships, light industry and one of the major supermarkets. The business and the town enjoy strong road links to the neighbouring larger towns of Kings Lynn, Norfolk, Sandringham and Spalding all of which can be accessed via the A151 and A17 trunk roads.
Business History
Meridian Business Sales are delighted to offer to the market this well established public house with letting rooms. The public house has been in the careful hands of our clients since 2001 who now wish to put the business to the market due to their desire to take a well earned retirement to their property in Spain. Since our clients took ownership of the business they have embarked on a refurbishment program to all areas culminating in a true walk in and trade opportunity. They have continually developed and improved the business introducing new income streams which has enhanced the annual turnover to £150,000 pa with a gross margin of 55%. The turnover is derived from the sale of cask ales, lagers, wines, soft drinks and spirits. The restaurant is a themed room offering a wide selection of Tex Mex which has been popular with the local community. In addition there are 5 quality en-suite letting rooms which are advertised on the Holbeach hotels website and with the go ahead given for two new power stations to be built in the area we anticipate the rooms will be full for a number of years to come. Meridian Business Sales recommends early viewing so as to appreciate the quality and scope for further growth of this business.
Financial Profile
Turnover: £150,000pa
Gross profit: 55%
Stock approximately: £2,500
Tenure
We are advised freehold
Opening Hours
Monday: 6:30pm - 12:00am
Tuesday - Friday: 12:30pm - 3:00pm > 6:30pm - 12:00am
Saturday: 12:00pm - 12:00am
Sunday: 12:00pm - 11:30pm
Accommodation
Well presented and maintained detached 2 storey 17th Century Coaching Inn property currently trading as a public house with 5 letting rooms briefly conprising:
GROUND FLOOR
Main entrance leads to the main bar with feature fireplace, tiled floor large bar with beer dispensers for lagers and cask ales. Storage shelving for glasses and back display bar and double fronted glass bottle fridges and commercial glass washer. Pool room with pool table and darts area plus fixed seating. At present offering Sky tv in both rooms.
Large full commercial kitchen with stainless steel preparation tables, 6 burner range, deep fat fryers, Salamander grill, full extraction unit, 2 phase electric oven and a walk in chiller.
Ladies and gents toilets.
Restaurant with 22 covers and French doors to the courtyard which in the summer months is used for further covers in an alfresco style. The restaurant has its own toilet facilities.
1x double room with en-suite shower, hand basin and toilet. 1x family room with en-suite shower, hand basin and toilet
Owners' accommodation:- 1x lounge, 1x fully fitted kitchen, 1x toilet, 1x family bathroom, 3x bedrooms, 1x utility room and staircase to first floor.
FIRST FLOOR
Entrance from the courtyard
Large landing with quality carpet and decoration
3x double rooms with en-suite shower, hand basin and toilet.
EXTERNAL
Enclosed floral courtyard for alfresco dining. | | | | | | FOR SALE | | | | | REFERENCE: | 1954 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
