Spacious Freehold Freehouse/hotel | | Undisclosed Herefordshire | | Sought after Country Town, HEREFORDSHIRE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63306
ADVERT IMPRESSIONS : 11,297 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | FREEHOLD: | £440000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : Public Car Parking in front of hotel (not owned by the hotel) free limited to 2 hours daytime.
Ground floor entrance to BAR with RESTAURANT, part wooden floor and various long stay carpets. Large bar with hand pumps, deop down screen with projector having full Sky TV, 60' plasma screen TV with full Sky TV. There is also a juke box, cigarette machine and fruit machine which are a 50/50 shared revenue basis. Tables and chairs plus bar stools providing seating 60/70 persons. Pool table, dartboard.
LEVEL KITCHEN with non-slip floor, stainless steel extractor, 4-burner gas cooker with oven plus additional 6-burner gas cooker with double oven, small deep fryer, Falcon grill, double sink and drainer, fridge, glass washer and ice make, 2 microwaves.
Wash-up area with dishwasher, double sink and drainer
First floor LARGE FRONT FUNCTION ROOM with woodstrip floor. BAR can accommodate we are informed up to 60 persons.
First floor ladies' cloakroom with 2 w.c's and wash hand basin
Gentlmen's cloakroom with w.c. urinal, wash hand basin
The owners are property developers and acquired the site in 2010 after it had been closed for some months. They have now refurbished the ground floor and first floor trading areas and the commenced trading on the 17th December, 2010. Management accounts covering the first period of trading up ot the 30th April, 2011 are available upon request, together with a budget for the 1s May, 2011 to the 30th April, 2012.
Location : Sought after Country Town, HEREFORDSHIRE
Opening Hours : Sunday - Thursday inclusive - 11 a.m. - 12 midnight
Friday & Saturday - 11 a.m. - 1 a.m.
Turnover : WE ARE INFORMED the turnover currently averages £6,000 p.w. in our opinion offering tremendous potential for further development in the right hands. The turnover is mainly wet sales at present, in our opinion offering terrific potential for additional catering. A carvery is operated on Sundays.
Tenure : Uniform Business Rates: £2,600 p.a. approx.
AS STATED THE LETTING ACCOMMODATION DOES REQUIRE REDECORATING AND REFURBISHMENT AND IN OUR OPINION WOULD BENEFIT FROM THE INSTALLATION OF EN SUITE FACILITIES.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
Price : OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £440,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The accommodation which does require some refurbishment and indeed upgrading in our opinion would be advantageous for en suite bathrooms to be installed to increase the bed and breakfast trade. Please note the current owners do not work in the business and therefore the profitability will be enhanced in the event of being operated by a husband and wife team. The accommodation comprises:
First Floor
1 Double bedroom with wash hand basin
Managers Flat comprising:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Second Floor
10 Large Double Bedrooms (all are family rooms) all with wash hand basins
In addition there is a bathroom with bath, shower, w.c. and wash hand basin.
The largest source of income for the bedrooms is for exclusive use as weekend house parties and we understand one of the vendors owns a business known as www.classiccountryhouses.com who act as a booking agent for this income for which an agency commission is paid and this arrangement can continue with a prospective purchaser, if required.
Staff : At present mainly operated under management. Staff employed at present -manageress, 2 additional staff plus 6 part time staff. | | | | | | FOR SALE | | | | | REFERENCE: | H7805 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
