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BUSINESS REFERENCE : AC097 / RightBiz WHITEHAVEN, CUMBRIA - £75,000 - VIBRANT PUBLIC HOUSE | | | | | | Vibrant Public House renowned for its entertainment and friendly atmosphere Confidentially offered for sale Ref No: AC097 Location: Whitehaven, Cumbria Asking price: £75,000 Plus stock at valuation | | | BUSINESS LOCATION: | Undisclosed Cumbria UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £75000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This well renowned and respected public house is ideally located in the busy market place area of the town close to the waterfront and other leading bars and restaurants. The pub is well known locally and has a reputation for its friendly service, wide choice of beers and wines and superb entertainment. Because of this it has a wide ranging and loyal clientele, both young and old.
The business trades impressively with weekly sales averaging £5,000 with a 95% wet – 5% dry split. In our opinion there is a huge opportunity to develop this business further on both wet and food sales as the area is seeing increasing tourist activity due to the redevelopment of the nearby waterfront and this business is ideally located to take advantage of this.
The property is in excellent order throughout having been extensively refurbished a little over 2 years ago.
In our opinion this well liked pub represents a real opportunity for any potential investor or new enthusiastic owner operator to make good profits from this already well established business.
Customer Service:
The business has built a huge reputation (mainly by word of mouth) for offering the best value for money with a friendly service. Staff pay strict attention to cleanliness and hygiene and are always polite and friendly, which has led to repeat business and customer loyalty.
Key Strengths:
The business is ideally situated in a prime position close to all major facilities within the town centre. The owner has built up a strong base on which to grow and there is a huge opportunity to market and advertise in the local sector in order to cater for the many tourists as well as the local trade.
Growth and Expansion:
The owners are just in the process of opening a beer garden that will result in additional trade, particularly in the spring and summer months. There is also a huge opportunity to develop the food side of the business in line with the redevelopment of the town that is attracting ever increasing tourists. This figure is expected to grow with the impending waterfront redevelopment.
Employees:
As well as the owner who lives and works full time in the business the pub has one full time bar manager and 6 part time bar staff and cleaning personnel. All staff are friendly and hard working.
Advertising and Marketing:
The business utilises its high profile position in the market place to advertise its forthcoming attractions through bill boards. It has also utilised local radio and newspapers in the past to highlight promotions etc.
Premises:
The premises are leasehold. The lease is for 8 years with a 5 year break. Annual rent is circa £19,000. Rates are circa £5,500 p.a. The bar was refurbished at considerable expense some 2 years ago and is in excellent condition
Business Hours:
10-00am-12.00 pm Sunday, Monday, Tuesday, Wednesday,10-00am- 0100 am Thursday, Friday, Saturday
Security:
The premises are very secure,. The building is fully alarmed and has a comprehensive CCTV system boasting some 8 cameras.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The turnover for the last financial year was circa £250,000. Gross Profts in excess of 48%.
Reason for Sale:
Health Reasons.
Support and Training:
The owner will assist fully with hand over and training to ensure continuity of trading. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AC097 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
