Public House & Restaurant | | Blyth Northumberland | | PUBLIC HOUSE & RESTAURANT Situated on a large housing estate in Blyth, Northumberland Early interest and viewing is highly recommended | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64128
ADVERT IMPRESSIONS : 15,949 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £65,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | PUBLIC HOUSE & RESTAURANT
Situated on a large housing estate in Blyth, Northumberland
Early interest and viewing is highly recommended
Superb large self-contained 3 bed house to rear
Large detached single storey pub/restaurant
High turnover business with further potential
Advised weekly turnover of £8,000
Annual rent of £33,800 plus VAT
Function room for 250 people
Well established concern
Genuine retirement sale
Easy access to beach
LEASEHOLD
Location
This superb public house/restaurant is located in the highly desirable town of Blyth in Northumberland. The property sits on a densely populated housing estate some 2 miles from its town centre and just a short walk to the beach front. The property’s location is ideal as it gives very easy access to many of the neighbouring attractions and shopping facilities. Attractions include a large leisure centre and pool, the Phoenix Theatre and Blyth Spartans, one of England's most famous amateur football clubs. Blyth is a town and civil parish in southeast Northumberland, England. It lies on the coast, to the south of the River Blyth and is approximately 21 kilometres (13 miles) northeast of Newcastle upon Tyne. It has a population of about 35,818. Blyth is accessed via A189 and A1 where there is easy access to the M1 motorway.
Business History
Meridian Business Sales are privileged to offer to the market this superb, well respected thriving public house/restaurant. The business has been established since 1961 and has been in the careful hands of our client for 5½ years. This superb concern is only being offered to the market due to our clients’ desire to retire. During our clients’ ownership they have continually invested in new catering equipment which is all bought and paid for and included within the sale price. The business turns over £8,000 per week with 50% from wet sales and the remaining 50% from dry sales. The pub is well renowned for its real home cooked hearty food which is sourced locally and freshly prepared by its very own landlady. The public bar has a sporting theme with its own pool, darts and football teams. It can also be used as an overspill for the restaurant as it has tables and chairs to cover 30 people. The lounge has tables and chairs and an additional split level restaurant area with covers for 50 people. In addition there is also a large function room with capacity for 250 people. The room is utilised most nights of the week and is a popular venue for parties and wedding receptions. On a Sunday it is used for traditional Sunday lunches when it operates 3 sittings and serves over 250 meals. The business is owner operated and has 1 full time and 11 part time members of staff. We believe the business has further scope to increase turnover. Early viewing is highly recommended as this business cannot be missed.
Financial Profile
Turnover: £8,000pw
Stock approximately: £15,000
Tenure
Leasehold (Tied to Punch Taverns on draught beers, bottled beers and ciders)
Original length: 10 years
Remaining: 4 ½ years
Rent: £33,800 plus VAT per annum
Opening Hours
Monday: 12:00pm - 11:00pm
Tuesday: 12:00pm - 11:00pm
Wednesday: 12:00pm - 11:00pm
Thursday: 12:00pm - 11:00pm
Friday: 12:00pm - 12:00am
Saturday: 12:00pm - 12:00am
Sunday: 12:00pm - 11:00pm
Accommodation
Large detached single storey public house/restaurant situated on a densely populated housing estate, benefiting from double glazing, gas central heating and a red-care alarm system.
GROUND FLOOR
Main entrance door with vestibule leading to:
Public bar with servery, seating for 30, pool table, dart board, duke box, gaming machines and 3 plasma TVs.
Ladies & Gents toilets
Lounge/restaurant with server and seating for 50
Commercial kitchen fully equipped with 2x 6 burner gas ovens, wash up area with double sink plus fridge/freezer/crockery stores and storeroom.
Function room with capacity for 250 with bar servery, dance floor and disco lighting.
Ladies & Gents toilets
Staff toilets/changing room
CELLAR (GROUND LEVEL)
Main beer cellar
Bottle stores with ice machine
Office
Boiler room
EXTERNAL
Beer garden with seating and decking which has its own heating and lighting, stone built BBQ, archway for wedding pictures and customer car park for 36 vehicles.
Owners’ accommodation
GROUND FLOOR
Bathroom with bath, toilet and wash basin
Cloakroom
Storeroom with safe
Kitchen
Dining room
Lounge
Double bedroom
FIRST FLOOR
2 x Double bedrooms
EXTERNAL
Private garden with wooden storage shed, storeroom, single garage and waste bin area | | | | | | FOR SALE | | | | | REFERENCE: | 2654 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
