Superb Freehouse & Restaurant | | Holsworthy Devon | | SUPERB FREEHOUSE & RESTAURANT - DEVON Rural village location on Devon & Cornwall borders Owners' accommodation plus letting rooms | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64550
ADVERT IMPRESSIONS : 17,743 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | FREEHOLD: | £320,000 | LEASEHOLD: | £20,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB FREEHOUSE & RESTAURANT - DEVON
Rural village location on Devon & Cornwall borders
Owners' accommodation plus letting rooms
Early viewing is highly recommended
Advised annual turnover of £103,227
Ideal lifestyle change opportunity
Scope for further development
Rent is negotiable
FREEHOLD £320,000 Plus SAV
LEASEHOLD £20,000 Plus SAV
Location
This exceptional freehold public house is situated in the beautiful village of Pyworthy on the Devon and Cornwall borders. The property is located on the main road through the village, making it the heart of the village and only a few minutes drive from the vibrant market town of Holsworthy. We are advised that there is a wedding venue in the village which is whole-heartedly supported by the pub and guests not only visit the pub, but also often stay, resulting in a lot of repeat trade. The village is only a few miles from the main routes into Cornwall which gives easy access to all areas of the counties and beyond. This opportunity really does offer the picture postcard setting with beautiful views across the countryside and the ideal location close to the idyllic north Cornwall coast.
Business History
Meridian Business Sales are delighted to offer to the market this well appointed public house and restaurant, which has been in the careful hands of our client since 2006. Our client is reluctantly offering the business to the market due to an unfortunate break up in a partnership. Since our clients took ownership of the business they have invested time and money in the business and premises to the point that it is in a full walk-in condition. Our clients inform us that annual turnover currently runs at £103,227 with a gross profit of £37,073 which is derived from the sale of both restaurant fayre with wines, beers and spirits to compliment. The business is currently run at a pace to suit our clients lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our client is very generously including all fixtures and fittings in the sale price which is a huge plus as additional funds will not need to be spent for the foreseeable future. The restaurant enjoys excellent levels of repeat business with many customers visiting for several years. This thriving concern also sees many new customers from good word of mouth recommendations and from the excellent location. This is without question a beautifully presented property which is situated in one of the UK's most desirable countryside locations.
Financial Profile
Turnover: £103,227pa
Gross profit: £37,073
Tenure
Freehold with a leashold option available
Lease is to be negotiated
Rent is negotiable
Opening Hours
Monday & Tuesday: 6:30pm - 11:00pm
Wednesday: 12:00pm - 2:00pm > 6:30pm - 11:00pm
Thursday: 6:30pm - 11:00pm
Friday & Saturday: 6:30pm - 12:00am
Sunday: 12:00pm - 2:00pm > 7:00pm - 10:30pm
Accommodation
Well presented and maintained building which has been a public house since the 19th century, situated over 2 floors, briefly comprising;
GROUND FLOOR - Traditional central door on the front of the building, leading to front area with large open fire and 4 tables and chairs. Games area with pool table, darts board and gambling machines. Main extensive wooden beamed bar area with seating at the bar and dining area with tables and upholstered settle style seating. The kitchen runs off of the main bar and is fitted to an excellent high standard with all expected appliances. Toilets facilities and rear door leading to the patio area. Separate dining room used as overflow for the bar area or as a separate function room seating at least 40.
FIRST FLOOR - Consisting of 2 rooms fully fitted for bed and breakfast, currently commanding £60 per night, 1 has en-suite shower and bath and the other a shower room. Separate open plan bedsit, which we are advised has been previously let for approx £400 pcm. Owners' en-suite accommodation with built-in storage plus a laundry room and store plus an open plan roof area currently used as an office area which could be converted into useable bedrooms. All rooms are accessed from the outside of the pub to allow them to be used independently.
EXTERNAL - Patio area with seating, external staircase leads up to the accommodation plus there is access to the front of the building and car park. Outbuilding separated into two rooms at present, one housing both a walk-in fridge and freezer and the other prime for redevelopment into rooms or outside serving area.
| | | | | | FOR SALE | | | | | REFERENCE: | 2502 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
