Village Pub And Restaurant In Hest Bank Lancashire | | Hest Bank Lancashire | | Public house Lancaster, Lancashire T/O: £739,696 GP: 65% Huge scope Well-equipped 40 cover restaurant 1-bedroom self-contained flat 3 x double bedrooms | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69471
ADVERT IMPRESSIONS : 5,741 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £279,999 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Hest Bank Inn occupies substantial detached corner premises, ideally located in a prominent trading position in the heart of the village of Hest Bank close to Lancaster, Lancashire. The business benefits from ample private parking and is surrounded by a densely populated residential area, from which it draws much trade. The premises are situated close to the local amenities, shops and businesses. There is a number of bus routes serving the area and the seafront is just a short walk away. The premises boast easy access to the A-road network and the M6 motorway. Hest Bank is an affluent residential area, popular with commuters due to its excellent road links across the region. Lancaster city centre lies less than 3 miles away, while Morecambe bay is approximately 6 miles to the south west.
Business History
Preferred Commercial is pleased to offer for sale this busy village public house and restaurant, which has been in our client's hands since 1977 and which is only now offered to the market due to our client's wish to retire. The business trades 7 days a week and generates a turnover in the region of £739,696 per annum with a gross profit of 65%. The Hest Bank Inn offers an extensive range of real ales, fine wines and spirits, along with traditional home cooked food and a function room. The business is renowned for its quality fayre and relaxed atmosphere. The pub enjoys much repeat trade and has a loyal customer base. We feel the turnover could be further increased by embarking on a modest marketing campaign and perhaps establishing a website advertising the business and services provided. The premises are well-equipped to suit the trade and have been finished to a high standard throughout. There is a spacious self-contained 1-bedroom flat to the first floor with lounge, kitchen and bathroom. The premises also boast 3 double bedrooms, which we feel could be used as letting rooms, subject to planning permission. We feel this represents an ideal opportunity to acquire an already thriving public house with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £739,696 approx.
GP: 65%
Opening Hours
Mon - Sun: 11:30am to 12:00am
Accommodation Details
Substantial 2-storey corner public house premises with 1-bedroom flat and 3 double bedrooms. Briefly comprising:
Ground Floor
• Bar with 9 points of dispense, 10 x optic displays, double bottle chiller, single bottle chiller, 2 x electronic cash registers, coffee machine and sink unit
• Restaurant and bar seating
• Second bar area with 9 points of dispense, 16 x optic displays, 2 x double drink chiller, electronic cash register and sink unit
• Further seating with tables and chairs for up to 33 covers
• Commercial grade kitchen with stainless steel work surfaces, 2 x deep fat fryers, griddle, 8-burner gas hob and double oven, double freezer and double upright freezer
• Ladies and gents WCs with wash hand basins
Lower Ground Floor
• Beer cellar
First Floor
• Office
• Function room with tables and chairs to suit
• 3 x double bedrooms
• 2 x bathrooms with baths, WCs and wash hand basins
• WC
• Utility room
• Self-contained flat with lounge, kitchen and bathroom
External
• Parking facilities for up to 20 vehicles
• Beer garden, with barbeque area to rear, leading to canal side
Tenure
Leasehold
Rolling lease
Original length: 3 years
Review: every 3 years
Rent: £75,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2834 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
