Popular Community Public House In Newcastle Under Lyme Staffordshire | | Newcastle under Lyme Staffordshire | | Public House Newcastle-under-Lyme, Staffordshire T/O: £245,000 GP: 48% Popular community pub 3-bed accom Heart of residential area | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69016
ADVERT IMPRESSIONS : 6,922 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £69,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Black Horse occupies a prominent trading location, surrounded by a densely populated residential area in the Chesterton area of Newcastle-under-Lyme, Staffordshire. The business benefits from a large car park to the rear. Chesterton lies approximately 2 miles north of Newcastle-under-Lyme and is 4 miles from Stoke-on-Trent. The area boasts excellent road links with junction 16 of the M6 motorway approximately 6 miles away.
Business History
Preferred Commercial is delighted to offer for sale this popular community public house, which was established in 1880 and which has been in our client's careful hands since 2004. The business is only now being placed on the market due to our client's wish to retire. The Black Horse trades 7 days a week as a predominantly wet led traditional English public house and generates a turnover in the region of £245,000 per annum with a gross profit of 48%. The pub has been listed in the UK Good Beer Guide for the past 2 years and is very much a community pub, playing host to 2 dominoes teams and a skittles team. At present our client only offers food at lunchtimes and we feel there is a demand to offer food in the evenings. A new owner could increase turnover by embarking on a modest advertising campaign. The pub boasts 3-bedroom owners' accommodation to the first floor and a large car park to the rear. We feel this represents an ideal opportunity to acquire a popular public house with scope for future growth. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £244,400 approx.
GP: 48%
Opening Hours
Mon - Fri: 12.00pm - 3.00pm & 7.00pm - 11.00pm
Sat - Sun: 12.00pm - 4.00pm & 7.00pm - 11.00pm
Accommodation Details
Well-presented 2-storey public house set on a prominent corner position. Briefly comprising:
Ground Floor
• Main bar area with chairs, tables and fixed seating to perimeter walls, exposed beams, skittles area, dartboard, wooden bar servery with 7 points of dispense, optics display and electronic cash register
• Lounge/restaurant with log burning fire and chairs, tables and fixed seating to perimeter walls for approximately 70 covers, exposed beams, wooden bar servery with 10 points of dispense, optics display, chillers and electronic cash register
• Ladies & gents WCs
• Commercial kitchen with 6-burner range, double fryer and stainless steel extraction system, double stainless steel sink, grill, 4-pot Bain Marie, microwave oven, refrigerator and freezer
Lower Ground Floor
• Beer cellar with cooling system
• Storeroom
First Floor
• 3 x double bedrooms
• Kitchen with a range of fitted wall and base units
• Bathroom with bath, WC and wash basin
• Utility room
• Office
• Store room
External
• Large car park with space for approximately 25 vehicles
• Beer garden with barbecue area
• External covered seating area
Tenure
Leasehold
Original length: 5 years
Remaining; 1 years
Review: Every 5 years
Rent: £24,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2786 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
