Public House For Sale Preston | | Longton Lancashire | | Local commercial is honoured to present the sale of this delightful and charming public house in the beautiful rural village of Longton, three miles outside of the town of Preston, Lancashire. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65287
ADVERT IMPRESSIONS : 14,380 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | ASKING PRICE: | £65,000 | LEASEHOLD: | £65,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The Business:
Local commercial is honoured to present the sale of this delightful and charming public house in the beautiful rural village of Longton, three miles outside of the town of Preston, Lancashire.
This well fitted traditional licensed bar is extremely well established and has earned itself a valuable position with a local reputation of its warm and friendly hospitality within the local community. Established an impressive 200 years, and in the hands of the current proprietor for the past 3 years, it has become an important focal point in the course of many years of very successful trading. The charm and sophistication of The Red Lions’ character gives it its traditional feel, with it retaining original features an primarily provides extremely spacious an well fitted traditional bar, and associated family and games room within this kind establishment.
This very popular public house is well known for its music and entertainment within the local community, and has achieved a local and strong regular customer base. Set in the beautiful area of Longton, between the Lancashire towns of Preston and Southport, The Red Lion has drawn a wide surrounding catchment succeeding in consistently high levels of turnover and profitability which achieved over the years of trading, with a current turnover in the region of £250,000 P/A on limited hours.
The business currently receives its full turnover and profits on wet sales only and does not currently cater for the sales of food at this present time. It does however have a fully functional kitchen area and the sale of food could be incorporated to increase the already impressive levels of turnovers. With the sale of foods the turnover and profits of the public house would no doubt dramatically improve and it is therefore a fantastic investment opportunity.
To any purchaser this would be ideal either for a husband and wife partnership, or indeed anyone who is looking to find a perfect combination of a thriving, easily managed and locally licensed traditional bar. It would also be a fantastic opportunity for anyone in the industry wishing to have the addition of a well established, profitable public house to add to their portfolio. Originally valued at £150,000 but reduced for quick genuine retirement sale, this business would be an asset, and has so much room for potential.
Financial Information
Current turnover in the region of £250,000 per annum with huge scope to increase.
Lease
The premises are being offered with the benefit of a secure renewable 3 year lease with reviews every 3 years.
Rent
Rent will stand at £20,000pa
Trading Hours
Monday – Wednesday: 4:00pm – 12:00am
Thursday- Saturday: 4:00pm – 1:00am
Sunday: 3:00pm – 12:00am
Property Information:
Ground Floor
Extremely well fitted throughout and in good general
decorative order, the business accommodation on the
ground floor briefly comprises of a large entrances into the main, spacious and well appointed open planned public lounge bar, the bar has a full range of optics, draught pumps, chilled bottle display cabinets and electronic till points and leads through to a pool and poker area. This consists of both pool and poker table, and we are advised that there are currently 2 pool teams and poker teams play at the venue. As well as music and entertainment, The Red Lion also hosts quiz nights which have proved extremely successful.
The ground floor premises also incorporate a fully fitted and equipped kitchen, housing ample work surfaces, storage units, a full range of catering appliances and a fully equipped washing up kitchen area. Due to the business not catering for dry sales and present the kitchen is predominantly un-used; however there is the option to incorporate the sale of foods to further increase the profitability of the business.
First Floor
The Red Lion consists of a spacious and beautifully presented 4 double bedroom accommodation. This is furnished to a high standard. It also has a large living room, bathroom, and kitchen. The current proprietors use the accommodating for private use, however there is the possibility of additional rental income from the spacious living accommodation provided, as well as the possibility of conversion for a bed and breakfast accommodation facility.
Externally
Occupying a very prominent trading position in the beautiful rural village of Longton, this public house has a much sought after location in a stunning setting. It comprises of a terrace to the rear, to allow for outside seating and smoking facilities. It also has seating to the front entrance. There is parking facilities to the rear of the public house which houses an adequate number of cars.
Fixtures & Fittings
The business is well fitted throughout and a valuable inventory of equipment is to be included in the sale price.
Viewing and Confidentiality
All arrangements to view are strictly by an appointment through the Offices of Local commercial. And no approaches what so ever should be made to the owner or the business.
For an appointment to view please telephone 01254 776022.
Quote Ref 1133 | | | | | | FOR SALE | | | | | REFERENCE: | 1133 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
