Village Pub Restaurant In County Durham | | St Johns Chapel County Durham | | Rural Public House, St Johns Chapel, Co Durham. Delightful rural village location T/O: £53,000 run at pace to suit Ill health forces sale Huge scope Ideal lifestyle change opportunity | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63630
ADVERT IMPRESSIONS : 12,732 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Pubs | | SALE: | Agent Sale | LEASEHOLD: | £24,950 | ANNUAL RENT: | £27040 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Golden Lion occupies a prominent position on the main road into the village of St Johns Chapel in County Durham. The pub is situated on the market place, right in the heart of this delightful Weardale village. St Johns Chapel is one of the most beautiful villages in the area and is surrounded by stunning countryside. Situated on the A689, the village lies approximately 28 miles west of Durham and 18 miles from Crook.
Business History
Preferred Commercial is delighted to offer for sale this popular village public house, which was established in 1750 and which has been in our client's careful hands since 2006. The business is only now being placed on the market due to ill health. The business is run at a pace to suit our client and generates a turnover of £53,000 per annum with a gross profit of 35%. The pub is very much at the heart of the community hosting 2 football teams, a ladies darts team, pool team and there is a motorcycle club that meets at The Golden Lion each week. The pub offers a variety of beers and ales along with home cooked meals and is especially busy on Friday nights due to their famous fish and chips to takeaway or eat in. There is scope for a new owner to increase turnover by extending the opening hours and by marketing function facilities. This is an ideal lifestyle change opportunity for anyone looking for a public house in such a delightful rural area. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £53,000 approx.
GP: 35%
Huge scope
Opening Hours
Mon - Sun: 12.00pm - 2.00pm & 5.00pm - 1.00am
Accommodation Details
Very substantial 2-storey public house with beer garden and spacious car park. Briefly comprising:
Lower Ground Floor
• Large beer cellar and bottle store
Ground Floor
• Main bar area with stools, tables and seating, large wood burning stove
• Pool and darts area
• Ladies and Gents WCs
• Kitchen with 6-burner hob and oven, 4-pot Bain Marie, 2 x fryers, preparation area, 2 x fridge/freezers and 2 x microwave ovens
• Restaurant/function room with tables and chairs for 18 covers
First Floor
Owners' accommodation, briefly comprising:
• Large lounge with balcony
• Large kitchen with a range of fitted wall and base units
• 3 x large double bedrooms
• Large family bathroom with shower over bath
External
• Large car park
• Smokers' area with seating
• 5 x self-contained cottages, which are currently let out on long term leases
Tenure
Leasehold
Original length: 18 years
Remaining: 13 years
Review: every 5 years
Rent: £520 per week | | | | | | FOR SALE | | | | | REFERENCE: | 2475 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
