Exceptional Public House And Restaurant | | Undisclosed Staffordshire | | EXCEPTIONAL PUBLIC HOUSE AND RESTAURANT - STAFFORDSHIRE Advised annual turnover of £800,000 with good GP returns Will look at taking part exchange for freehold property | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69549
ADVERT IMPRESSIONS : 17,896 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £145,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | EXCEPTIONAL PUBLIC HOUSE AND RESTAURANT - STAFFORDSHIRE
Advised annual turnover of £800,000 with good GP returns
Will look at taking part exchange for freehold property
Early interest and viewing is highly recommended
Sale price includes all general fixtures and fittings
Ideal husband and wife or partnership business
Large first floor owners' living accommodation
Excellent lifestyle change opportunity
Beautifully presented throughout
Favourable brewery tie lease
Genuine reason for sale
LEASEHOLD
Location
This exceptional public house and restaurant has an ideal trading location in the beautiful market town of Stone which is in Staffordshire. The property stands proud in the town centre on highly visible corner position which also couples as the centre's main through road. The location is ideal as it gives customers a central location to the town whilst also having one of the highest amounts of passing trade from its situation on the through road. The property is referred to by many as a well known town landmark due to its highly prominent and visible position. Stone is a highly desirable business and residential area which offers a good variety of upmarket residential homes, excellent central shopping facilities, a good array of public transport services, beautiful neighbouring open countryside and a warm and welcoming local community. Stone also benefits from being situated very close to the M6 motorway which makes visiting and commuting very easy.
Business History
Meridian Business Sales are delighted to offer for sale this beautiful leasehold public house and restaurant which has a proud history dating back to the early 1700's. Since 2005 it has been owned and run by our client who is only now placing it onto the market due to his commitments with other established businesses. The business achieves a very respectable advised annual turnover of £798,000 which is derived from selling a wide range of beers, wines and spirits coupled with a very popular steak house style food menu. The public house also hosts a range of entertainment nights which have become very popular throughout the town. The property can only be described as exceptionally well presented throughout with our client going to considerable expense and effort on its presentation and quality of fixtures. He is very generously including all fixtures and fittings into the sale price which is a big plus for a new owner as additional funds will not need to be spent for the foreseeable future. The property also has sizable first floor private living accommodation which is ideal for a new owner who doesn't currently reside within a commutable distance. We feel that this opportunity is an ideal lifestyle change business for a couple or individual who is looking for a very high turnover opportunity, situated in a very desirable location. We would like to urge very early interest in this opportunity as businesses of this calibre rarely appear onto the market.
Financial Profile
Turnover: £798,000pa
Gross profit: 60%
Stock approximately: £15,000
Tenure
Leasehold
Original length: 30 years
Remaining: 20 years
Rent: £63,500pa (Rent will be reduced from 5/5/12 to £52,000pa)
Opening Hours
Monday - Thursday: 12:00pm - 11:00pm
Friday & Saturday: 12:00pm - 2:00am
Sunday: 12:00pm - 11:00pm
Accommodation
Beautifully presented property briefly comprising:
GROUND FLOOR - Secure enterance leading to reception porch and male and female toilets
Bar - Fitted traditional bar with pumps, spirits, chillers and glass storage, bar is centrally located in the property with continuation through all areas, high tables and chair seating with bar seating
Entertainment Lounge - Open plan bar area with raised stage area, DJ booth and comfortable sofa seating with low level tables
Bistro - Open plan dining area with traditional dining tables and chairs and feature fireplace
Restaurant - Open plan dining area with traditional dining tables and chairs and feature fireplace
Kitchen - Commercial stainless steel catering kitchen, designated wash and preparation areas with large fitted extraction
FIRST FLOOR - Private owners' accommodation
Management office (additional bedroom if required), 2 x Double bedrooms, bathroom bath, toilet and wash basin, large lounge, kitchen fitted worktops, wash basin, cupboards and draws
BASEMENT - Cellar with bottle storage
EXTERNAL - Large rear private car park 30-32 vehicle spaces, 2 x external secure storage outbuildings, additional storage space, car park entrance seating / dining / smoking area with all weather tables and chairs
| | | | | | FOR SALE | | | | | REFERENCE: | 2809 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
