Superb Public House | | Warminster Wiltshire | | SUPERB PUBLIC HOUSE - WILTSHIRE Scope to introduce letting accommodation STPP Situated in the desirable area of Warminster | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69395
ADVERT IMPRESSIONS : 10,233 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £119950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB PUBLIC HOUSE - WILTSHIRE
Scope to introduce letting accommodation STPP
Situated in the desirable area of Warminster
Early viewing is highly recommended
Advised weekly turnover of £4,500
Scope for further development
Genuine reason for sale
Huge potential
LEASEHOLD
Location
This superb public house is located in the beautiful town of Warminster which is part of Wiltshire. The property is situated in the town centre on the main link to Sailsbury. The public house is within the town centre and offers an excellent variety of commercial style businesses, retailers, restaurants, banks and entertainment venues which attracts visitors and shoppers throughout the year. The property could not be situated any better as there are many other neighbouring attractions and transport facilities close by including the town park and boating lake, 5 minutes drive to Salisbury Plain and beautiful Wyle Valley and only 5 minutes walk from Warminster Railway Station. There is a huge variety of neighbouring villages and towns including Longleat and Centre Parcs which is a 10 minute drive, Bath and Salisbury are 30 minutes away and it's only 20 minutes to Stonehenge. Warminster is a highly desirable and affluent residential area which offers a truly good quality of lifestyle and is well known for its welcoming local community.
Business History
Meridian Business Sales are delighted to offer to the market this well appointed public house which has been established since circa 1732 and in the careful hands of our clients for the past 4½ years. Our clients are reluctantly offering the business to the market due to their desire to concentrate on other business interests. Since our client(s) took ownership of the business they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business Our clients inform us of an weekly turnover of £4,500 with good gross profit margins which is derived from the sale of a selection of beers, wines and spirits in addition to light bar snacks. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. There is huge scope to increase turnover by renovating some of the 9 vacant rooms into well presented letting accommodation if desired (STPP). This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.
Financial Profile
Turnover: £4,500pw
Stock approximately: £3,000
Tenure
Leasehold
Original length: 10 years
Remaining: 6 years
Review: 5 years
Rent: £45,328pa
Opening Hours
Monday - Thursday 11:00am - 11:00pm
Friday & Saturday 11:00am - 12:00am
Sunday 12:00pm - 10:30pm
Accommodation
Grade II listed 3 storey property, briefly comprising of:
GROUND FLOOR - Secure entrance leading to
Lounge area with ample seating, TV and bar servery. Ladies & Gents toilets facilities. Public bar with pool table, TV, darts board, projector screen and bar servery with beer/ale pumps and sprit/optics displays. Ladies & gents toilets facilities.
Access to: Office with safe, bottle & spirits stores, fridge/freezer store with sink and ice machine, cellar and kitchen with 4 ring gas hob/oven, griddle, 2x fat fryers, sink, hotplate and dishwasher.
FIRST FLOOR - Storeroom, large room with open fire, kitchen, 2x toilets with wash basins, 3x double rooms with wash basin, 2x rooms with bath in room, 4x double rooms (These rooms need renovating but could be converted into letting rooms STPP).
Toilet block with 4x toilets and 2x wash basins, function room with bar, sink and wash basin (This part of the building is currently sub-let for £100pw and is operating as a tattoo studio, scope to reintroduce functions).
SECOND FLOOR - 4x large rooms (could be converted into letting rooms STPP)
Owners' accommodation - 2x double bedrooms, 1x double bedroom with en-suite, bathroom with toilet, wash basin and electric shower over bath, lounge, office, hallway with walk-in wardrobe, storeroom and fully fitted kitchen.
EXTERNAL - Carpark for 35-40 vehicles, wooden storage shed, outbuildings, double garage, beer garden with seating and heated smoking shelter. | | | | | | FOR SALE | | | | | REFERENCE: | 2803 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
