Thriving Public House And Guest House In Northumberland | | Acomb Northumberland | | Public house Hexham, Northumberland T/O: £338,000 GP: 60% Scope to increase turnover Loyal customer base Prime location Letting rooms Restaurant | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66523
ADVERT IMPRESSIONS : 17,481 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £85,000 | ANNUAL RENT: | £26,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Sun Inn occupies substantial 2-storey premises, ideally located in the heart of the market village of Acomb, close to Hexham in Northumberland. The premises benefit from ample on-street parking and are surrounded by numerous residential properties. The village is home to a number of amenities and is just a short distance from Hexham Golf Club. Hexham won Best Town award in the 2005 Britain in Bloom awards and was also named 'England's Favourite Market Town' by the magazine Country Life. The A69 is a mile away and is the main road connecting Carlisle and Newcastle, while Hexham lies less than 3 miles to the south. Newcastle lies approximately 20 miles away and Carlisle is less than 40 miles away.
Business History
Preferred Commercial is pleased to offer for sale this thriving public house, restaurant and guest house, which was established in the 18th century 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 other business interests. The business trades 7 days a week, generating a turnover in the region of £338,000 per annum with a gross profit of 60%, derived from a range of alcohol, a restaurant menu and 5-letting rooms. The pub is free of tie and has a wet/dry split of 70/30. We feel the turnover could be increased by extending the range of entertainment offered. There is a website in place advertising services provided. The business has an excellent reputation and is renowned for providing a high quality service. The 5-letting rooms have been well-maintained and finished to a high standard throughout. There is also 3-bedroom owners' accommodation with kitchen and bathroom. We feel this is an ideal opportunity to acquire a traditional public house with restaurant, letting rooms and 3-bedroom owners' accommodation. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £338,000 approx.
GP: 60%
Opening Hours
Mon - Thurs: 12:00pm to 11:00pm
Fri - Sat: 12:00pm to 1:00am
Sun: 12:00pm to 11:00pm
Accommodation Details
Substantial 2-storey public house premises with letting rooms and restaurant. Briefly comprising:
Ground Floor
• Lounge bar with 12 points of dispense, 2 x double door refrigerators, microwave oven, 2 x electronic cash registers, grill, small refrigerator, dishwasher, sink, log fire and 3 x TVs
• Restaurant area with tables and chairs for up to 50 covers
• Games room with pool table, gaming machines, juke box and cigarette machine
• Commercial kitchen with 6-burner hob and oven and a range of appliances
• Ladies and gents WCs with wash hand basins
First Floor
• Room 1: double bedroom with TV, sink and tea and coffee making facilities
• Room 2: twin bedroom with TV, sink and tea and coffee making facilities
• Bathroom shared between room 1 and room 2
• Room 3: twin bedroom with TV, tea and coffee making facilities and en-suite bathroom
• Room 4: double bedroom with TV, tea and coffee making facilities and en-suite bathroom
• Room 5: double bedroom currently used by manager
• Owners' accommodation with 3 x double bedrooms, 1 with en-suite bathroom, kitchen and family bathroom
External
• Large beer garden
• 2 x large garden areas
Tenure
Leasehold
Original length: 20 years
Remaining: 16 years
Review: every 5 years
Rent: £26,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2633 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
