Town Centre Bar Enjoying A Superb & Prominent High Street Location | | Cockermouth Cumbria | | TOWN CENTRE BAR ENJOYING A SUPERB & PROMINENT HIGH STREET LOCATION Superbly presented town centre bar with spacious 4 double bedroom owners’ accommodation Situated in the popular residential and tourist market town of Cockermouth | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 50336
ADVERT IMPRESSIONS : 16,929 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | LEASEHOLD: | £125,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | TOWN CENTRE BAR ENJOYING A SUPERB & PROMINENT HIGH STREET LOCATION
Superbly presented town centre bar with spacious 4 double bedroom owners’ accommodation
Situated in the popular residential and tourist market town of Cockermouth
Recently fully refurbished and finished to the highest of standards
True ‘turnkey’ opportunity in fantastic honey pot trading location
Advised turnover of £450,000pa with good gross profits
Early viewing essential to fully appreciate
Scope for further development
LEASEHOLD
Location
This superb town centre bar is located in a prominent position on the main high street that runs through Cockermouth in Cumbria. It is surrounded by numerous complimentary businesses that provide ideal opportunities for passing trade during the day and is positioned in the towns main area of an evening making this an outstanding trading location. Cockermouth is an ancient and historical market town and civil parish in the Borough of Allerdale, it is well known as being the birthplace of famous writer William Wordsworth and also as the birthplace of Fletcher Christian of HMS Bounty fame. Cockermouth is located on the Northwest fringe of the Lake District National Park and has easy access to all of the Lakes many tourist attractions. The town also benefits from it’s proximity to Workington and its many festivals that bring people to the area. Cockermouth is reached easily via the A66, junction 40 of the M6, Penrith is approximately 30 miles away providing access to the UK’s wider motorway network.
Business History
Meridian Business Sales are delighted to offer to the market this superb recently refurbished town centre bar which has been established in the town since Circa 1800 and has been in the capable hands of our client for the past 7 ½ years. The only reason this fantastic opportunity is being offered to the market is due to our clients desire to take a well deserved retirement and relocate to an international destination. Since our clients took ownership of the business they have spent a vast amount of money on refurbishing the business with no expense spared on the quality of fixtures and fittings and the highly impressive sound and lighting system which would provide any new prospective owner with a true ‘turnkey’ opportunity. Our clients advise us of an annual turnover of £450,000 with high gross profits which is derived from the sale of alcohol and an increasingly popular food side to the business. The business is well known as the main sports bar in the town and is the destination of choice for all televised sport lovers with our client providing the very latest in comfort and quality of viewing for those wishing to take a more relaxed approach to their sporting passions. The business has a fantastic reputation and enjoys many repeat and regular customers as well as tourists that are visiting the town on holiday. The bar is well known as a live music venue and for its regular and popular late night disco. This is a superb opportunity to purchase a thriving business with an outstanding reputation, finished to the highest of standards, in a honey pot trading location and as such early viewing comes highly recommended as businesses of this calibre rarely stay on the market for long.
Financial Profile
Turnover: £450,000pa
Stock approximately: £5,000
Tenure
Leasehold
Original length: 20 years
Remaining: 12½ years
Review: May 2013
Rent: £52,260pa
Opening Hours
Monday: 10:00am - 12:00am
Tuesday: 10:00am - 12:00am
Wednesday: 10:00am - 12:00am
Thursday: 10:00am - 2:00am
Friday: 10:00am - 2:00am
Saturday: 10:00am - 2:00am
Sunday: 10:00am - 12:00am
Accommodation
Beautifully presented and recently fully renovated to the highest of standards, high street town centre bar in a superb trading location established since Circa 1800 with spacious 4 double bedroom owners accommodation briefly comprising:
Ground Floor
Secure entrance to beautifully presented modern open plan bar. Split into 3 separate ground floor tiers, immaculate specification finished to the highest of standards, real tile and solid oak flooring throughout. Approximately 60 internal covers with additional 24 external covers.
6 x wall mounted large flat screen televisions.
Superb sound system with lighting and smoke system.
Tier 1 - Seating areas throughout, dance floor area with raised DJ booth, sound and lighting system and small staircase leading to tier 2.
Tier 2 - Main bar area, finished to the highest of standards and beautifully presented with 13 x beer pumps, soft drinks pump, 3 x base fridges, 1 x wine cooler and a wide selection of sprits.
Lounge area with comfortable seating again beautifully presented and finished to the highest of standards.
Exit to rear yard.
Separate door access to first floor owners’ accommodation. Small staircase leads to tier 3.
Tier 3 - Comfortable seating area with superb raised view over lower bar area. Immaculate ladies and gents toilet facilities. Exit to rear beer garden area.
First Floor Owners’ Accommodation - Spacious lounge, 2 x large double bedrooms, preparation room and open plan, highly equipped commercial kitchen.
Second Floor
2 x double bedrooms.
Separate toilet.
Main bathroom.
Cellar Area
Large open plan cellar, well presented and maintained, equipped to the highest of standards.
External
Large covered beer garden with heating and lighting, approximately 24 covers. | | | | | | FOR SALE | | | | | REFERENCE: | 2331 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
