Public House In Dumfries | | Dumfries Dumfries and Galloway | | T/O: £208,000 GP: 50% Popular local pub Close to town centre Scope for living accom Huge potential | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 52628
ADVERT IMPRESSIONS : 6,758 TIME(S) | | | | BUSINESS SECTOR: | Leisure / Recreation | | TRADE TYPE: | Other | | SALE: | Agent Sale | FREEHOLD: | £LONG LEASEHOLD | LEASEHOLD: | £199950 +SAV | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Spread Eagle Inn occupies a prominent corner position on Galloway Street in Dumfries. The pub lies close to the centre of the town and within easy reach of all major amenities. The premises lie just yards away from the River Nith on a busy road leading directly into the town centre, thereby benefiting from a high footfall and much passing trade. Dumfries is a popular and historic city in the south of Scotland and boasts easy access via the A75. The A74(M), which links to the M6 lies approximately 13 miles to the east at Lockerbie.
Business History
Preferred Commercial is delighted to offer for sale this popular public house, which was established in 1920 and which has been in our client's hands since 2000. The business is only now being placed on the market due to family commitments. The business generates a turnover in the region of £208,000 per annum with a gross profit of 50% derived mainly from wet sales. A new owner could introduce food, which we feel would prove popular. The Spread Eagle boasts a large and loyal clientele with much regular repeat custom. The three storey property offers a private function room on the first floor, which we feel could be promoted further to increase turnover. There are also 4 rooms on the second floor which could, if desired, be converted into living accommodation. A new owner could introduce a web site to promote private functions and forthcoming events. We feel this represents an ideal opportunity to acquire a popular and busy town centre public house with scope for further growth. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £208,000 approx.
GP: 50%
Opening Hours
Mon - Sun: 11.00am - 12.00am
Accommodation Details
3-storey public house premises situated close to the centre of Dumfries and briefly comprising:
Ground Floor
Main bar with bar servery with 9 points of dispense, glass fronted bottle chiller, cash register, various tables, chairs and stools
Ground floor cellar with bottle store
Lower Ground Floor
Cellar currently unused
First Floor
Function room with own bar with cash register and glass washer, various tables, chairs and stools
Ladies WCs
Gents WCs
Second Floor
4 rooms (double bedroom size), one currently used as an office
External
Free parking to front and side of premises
New signage and lights erected in 2010
Tenure
Advised Long Leasehold | | | | | | FOR SALE | | | | | REFERENCE: | 1945 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
