17th Century Public House And Restaurant In Kent | | Oare Kent | | Public house, Oare, Kent T/O: £190,000 GP: 55% Scope to increase turnover Loyal customer base Prominent trading position Village location 3-bedroom owners' accommodation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65760
ADVERT IMPRESSIONS : 16,022 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £134,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Castle Inn occupies a prominent corner trading position in the rural village of Oare, close to Faversham, Kent. The premises benefit from ample on-street parking and are surrounded by a residential area. There are a variety of complementary shops and businesses close by and a number of bus stops within easy walking distance. Oare is a rural village surrounded by picturesque countryside and with views over the Oare Creek. The village is nestled between the rural beauty of the North Downs and the Kent coast. The historic market town of Faversham lies approximately a mile away, while the town of Sittingbourne lies 8 miles to the west. The business enjoys excellent road links with the A2 less than 2 miles away and the M2 approximatley 3 miles away.
Business History
Preferred Commercial is delighted to offer for sale this historic 17th century public house, which was established in 1698 and which has been in our client's careful hands since 2007. The pub is only now offered to the market due to our client's wish to retire. The business trades all year round and generates a turnover in the region of £190,000 with a gross profit of 55%, derived from the sales of alcohol and a selection of food. The pub has a wet to dry split of 88/12. We feel the turnover could be increased by extending the range of food available, as this is currently run at a pace to suit. There is also the opportunity to extend the trading hours to open all day. The pub is host to a number of teams including, 4 darts teams and 4 bat and trap teams. The business has an excellent reputation and is renowned for being a traditional pub, providing a high standard of service. There is well maintained 3-bedroom owners' accommodation to the first floor with lounge, dining room and office. We have been advised that there is a residential area currently in development close by, which should increase footfall and turnover. This is an ideal opportunity to acquire a historic 17th century public house, with 3-bedroom owners' accommodation and scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £190,000 approx.
GP: 55%
Wet/Dry Split: 88/12
Opening Hours
Mon - Fri: 11:30am to 3.00pm and 6:30pm to 11:00pm
Sat: 11:30am to 11:30pm
Sun: 11:30am to 10:30pm
Accommodation Details
Substantial semi-detached 2-storey public house with 3-bedroom owners' accommodation. Briefly comprising:
Ground Floor
• Lounge bar and Public bar; serving 3 ales, 1 cider, 3 lagers, 1 bitter, 1 mild and 1 Guinness; with 4 x drinks refrigerators, electronic cash register and tables and chairs
• Dining room with tables and chairs for up to 25 covers and door leading to garden
• Commercial kitchen with 6-burner hob and oven, 2 x deep fat fryers, grill, microwave oven and sink
• Store room with refrigerator and freezer
• Ladies and gents WCs with wash hand basins
• Beer cellar
First Floor
• Large dining room
• Spacious lounge
• 3 x double bedrooms
• Office
• Bathroom
External
• Garden with seating area
• Bat and Trap pitch
• Smoking area
Tenure
Leasehold
Original length:23 years
Remaining: 19 years
Review: every 5 years
Rent: TBA | | | | | | FOR SALE | | | | | REFERENCE: | 2585 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
