Thriving Public House In Darlington County Durham | | Darlington County Durham | | Public house, Darlington, County Durham T/O: £220,000 GP: 45% Huge scope Ideal location High footfall Loyal customer base | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67866
ADVERT IMPRESSIONS : 10,232 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £45,000 | ANNUAL RENT: | £30,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The George occupies substantial 3-storey mid-parade premises, ideally located in the heart of Darlington town centre. The business is close to the town's amenities and is surrounded by a wealth of complementary shops and businesses. There is a high footfall and much passing trade. The town's bus stop and the railway station are within easy walking distance. The business benefits from easy access to the A-road network and the A1(M) is 3 miles away. Darlington is historic market town with a well-established weekly outdoor market and a thriving indoor market. The town lies on the River Skerne and is a desirable place in which to live and work. Middlesbrough is approximately 14 miles away, while Sunderland lies 30 miles to the north.
Business History
Preferred Commercial is delighted to offer for sale this thriving public house, which was established in 1780 and which has been in our client's careful hands since 1998. The pub is only now offered to the market due to our client's family commitments. The business trades 7 days a week and generates a turnover in the region of £220,000 per annum with a gross profit of 45%. The George offers a wide range of real ales, fine wines and spirits, along with a selection of food. We feel the turnover could be further increased by promoting the business through a modest marketing campaign. We have been advised that the restaurant side of the business is currently sub let. There is the opportunity to extend the range of food available and run the restaurant with the pub. There is also the opportunity to introduce a website to generate more trade. The business has an excellent reputation and is renowned for its quality service and beverages. The premises boasts 5-bedroom owners' accommodation with lounge, bathroom and 2 kitchens. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £220,000 approx.
GP: 45%
Opening Hours
Mon - Sun: 11:00am to 11:00pm
Accommodation Details
Substantial 3-storey grade II listed public house premises in town centre location. Briefly comprising:
Ground Floor
• Bar with 7 points of dispense, shelving for wine, optics display, 2 x glass front refrigerators, electronic cash register.
• Restaurant area with tables and chairs
• Ladies and gents WCs with wash hand basins
• Commercial kitchen
Owners' accommodation
• 5 x bedrooms
• 2 x kitchens
• Lounge
• Bathroom
External
• Rear yard for deliveries
Tenure
Leasehold
Rolling 1 year lease
Rent: £30,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2717 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
