Traditional Public House | | Newcastle under Lyme Staffordshire | | TRADITIONAL PUBLIC HOUSE - STAFFORDSHIRE Advised turnover £4,750 PW with good gross profit returns Situated in Chesterton, Newcastle under Lyme | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65480
ADVERT IMPRESSIONS : 11,077 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £70,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | TRADITIONAL PUBLIC HOUSE - STAFFORDSHIRE
Advised turnover £4,750 PW with good gross profit returns
Situated in Chesterton, Newcastle under Lyme
Well presented and appointed throughout
Sale price includes all fixtures and fittings
Sizable private living accommodation
Early interest and viewing is advised
Ideal lifestyle change opportunity
Favourable wet/dry split
LEASEHOLD
Location
This superb traditional public house has an ideal location in the suburb of Chesterton which is part of Newcastle under Lyme. The public house is situated in a well presented residential area with a large variety of neighbouring homes which provides the business with a consistent local trade throughout the year. There is also a good selection of neighbouring commercial businesses and large employers which also contribute to the consistent turnover. Chesterton is situated just north of Newcastle under Lyme (proximally 2.5 miles) and is an ideal place to experience the best of Staffordshire. Newcastle under Lyme is a highly desirable business and residential area due to its excellent central shopping facilities, fine housing, excellent road and rail links and welcoming local communities. The town really does offer the best of both worlds by having neighbouring open countryside and award winning parks coupled with all the amenities and facilities you would expect from a modern and thriving town. The motorway network which is situated less than 4 miles away from the M6 motorway makes visiting and commuting very easy and contribute to the areas popularity.
Business History
Meridian Business Sales are delighted to offer for sale this excellent leasehold public house which has a proud history dating back to the 1890s. Since 2004 the business has been owned and run by our client and is only now placing it onto the market due to his strong desire for retirement. This thriving concern achieves a very respectful advised weekly turnover of £4,750 which is derived from offering a fantastic range of beers, wines and spirits coupled with a very popular traditional food menu. Our client has worked exceptionally hard on the presentation which has resulted in a truly inviting property which is a pleasure to visit. The property also offers three bedroom private living accommodation which is a huge plus for a new owner who doesn't currently reside within the area. Our client is also very generously including all fixtures and fittings into the sale price which is a huge plus for a new owner as additional funds will not need to be spent for the foreseeable future. This is without question a wonderful lifestyle change opportunity business for an individual or family who are looking for a reputable and longstanding business, situated in a highly desirable area. We feel that this opportunity provides an excellent base for a future owner to build upon and we urge very early interest in this opportunity.
Financial Profile
Turnover: £4,750pw
Stock approximately: £4,000
Tenure
Leasehold
Original length: 5 years
Remaining: 2 years
Rent: £24,000pa
Opening Hours
Monday to Frday: 12:00pm - 3:00pm > 7:00pm - 11:00pm
Saturday & Sunday: 12:00pm - 4:00pm > 7:00pm - 11:00pm
Accommodation
Superb public house offering traditional bar, dining room, 3 bedroom living accommodation and beer garden, briefly comprising:
Ground Floor - Main entrance leading to open plan family bar lounge with fixed seating plus tables and chairs 30-35 covers, feature bar with pumps, rear spirit displays, chillers, glass storage and snack displays.
Dining Area - Open plan area with well placed dining tables and chairs 35-40 covers and feature fireplace.
Male and female toilets
Bar - Fixed seating plus tables, chairs and stools 55-60 covers, skittles area, darts area plus bar continuation.
Kitchen - Commercial style kitchen featuring mostly stainless steel, briefly comprising of double wash basin, cutlery and plate storage, 6 hob cooker, double deep fat fryer, extraction unit, grill, fridges, freezers, 4 pot Baine-Marie, contact grill, stainless steel worktops, commercial microwaves and fitted cupboards.
First Floor - Private living accommodation - Bathroom with toilet, bath and wash basin, 3 double bedrooms, kitchen with fitted worktops, wash basin, cupboards and drawers, utility wash room with storage space, safe room highly secure storage and large living room with fireplace.
Additional Floor - Cellar
External - Car park with secure lockable gated access, high perimeter walls, very secure, 18 - 22 vehicle spaces including owner parking, lawn area with picnic bench seating, decorative flower beds, courtyard dining/seating area with additional picnic benches and fixed wooden smoking shelter with seating space. | | | | | | FOR SALE | | | | | REFERENCE: | 2339 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
