Village Public House In Kelloe County Durham | | Kelloe County Durham | | Public House, Kelloe, Co Durham . T/O: £100.000 GP: 52% Scope to increase turnover. Loyal customer base. Well-equipped. 3-bedroom owners' accommodation. Prime location. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63915
ADVERT IMPRESSIONS : 14,939 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | FREEHOLD: | £249,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Davy Lamp occupies prominent corner premises and is ideally located within the residential village of Kelloe, County Durham. The public house is positioned on the main road through the village and benefits from much passing traffic from locals and commuters. There is ample on-street parking available and there is a variety of shops, businesses, schools and amenities in the vicinity. The pub is set in a pleasant rural location, close to many miles of bridle paths on the route of the old mine railway, which are ideal for walking and riding. The pathways connect with the neighbouring villages to make a vast traffic-free network, popular with both residents and visitors. The business boasts easy access to the A-road network and the A1(M) motorway is under 3 miles away, while Durham city centre is approximately 8 miles away. Durham is a thriving city, famous for its history and culture and is home to the popular Cathedral, Durham Castle and University.
Business History
Preferred Commercial is pleased to offer for sale this popular public house, which has been in our clients' careful hands since 1999 and which is only now being placed on the market due to our clients' wish to retire. The business currently trades 7-days per week on limited opening hours and generates a turnover in the region of £100,000 per annum with a gross profit of 52% from wet sales only. We feel that turnover could be substantialy increased by introducing food sales. The pub has been completely refurbished in recent years with new electric cabling throughout. The substantial premises boast a large lounge and function room facilities, which host regular live entertainment acts as well as weekly bingo and monthly quiz nights. The pub also offers owners' accommodation, comprising of 3 large double bedrooms, lounge, kitchen and bathroom. The business is well-known to the area and has its own sports teams including darts, dominos, pool and amateur football. Our clients have developed an excellent reputation and a loyal customer base by offering a welcoming and friendly atmosphere. This is an ideal opportunity to acquire a busy public house, which is well-equipped and in a walk-in-and-trade condition, with scope to develop further. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £100.000 approx.
GP: 52%
Opening Hours
Mon - Thurs: 6.00pm - 12.00am
Fri - Sat: 12.00pm - 1.00am
Sun: 12.00pm - 12.00am
Accommodation Details
Substantial public house premises, with large lounge and function room and owners' accommodation, situated in an enviable location. Briefly comprising:
Ground Floor
• Large open-plan bar area with 8-points of dispense, chillers, ice machine, juke box, open fire, pool table, darts board and plasma TV
• Lounge/function room with seating area to accommodate up to 60-persons, 2 x small stages and a further bar
• Ladies and gents WCs
• Large commercial kitchen, equipped to suit trade with a 7-burner hob and oven, 2 x fryers and sink unit
• Cellar
First Floor
Owners' accommodation
• Large double bedroom with wardrobes
• Double bedroom
• Large double bedroom with fitted wardrobes, currently used for storage
• Large utility area with door access to flat roof which could be modified for use as a public sun terrace
• Bathroom with shower, bath, wash basin and WC
• Large lounge with fireplace
• Spacious kitchen with pantry and utility room
External
• 2 x public entrances, one with disabled access
• Garage
• Small patio area
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2481 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
