Canal Side Pub And Restaurant In South Yorkshire | | Undisclosed South Yorkshire | | Public House & Restaurant South Yorkshire T/O: £325,000 GP: 51.92% Canal side location 85 covers 3-bed owners' accom | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70968
ADVERT IMPRESSIONS : 24,372 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £89950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
This public house and restaurant is ideally located on the banks of a canal, surrounded by a densely populated residential area, from which it draws much trade. The business lies approximately 5 miles from a major town in South Yorkshire and benefits from good transport links. There is a railway station 1.5 miles away, while the nearest motorway junction lies 4 miles away.
Business History
Preferred Commercial is pleased to offer for sale this popular canal side public house and restaurant, which has been in our client's hands since 2005 and which is only now being placed on the market due to our client's wish to retire. The business opens 7 days a week and generates a turnover in the region of £325,000 per annum with a gross profit of 51.92%, derived from the sale of wines beers and spirits, along with a menu of meals and snacks. The restaurant benefits from 85 internal covers and a canal side al-fresco dining area and beer garden. There is a web site in place offering information about the pub and restaurant, along with a gallery of photographs and menu details. A new owner could increase turnover by embarking on a modest advertising campaign, as no marketing is currently carried out. There is 3-bedroom owners' accommodation to the first floor with lounge, kitchen and bathroom. We are advised that there are 2 x 1-bedroom bedsits located in the outbuildings that are currently unused and would be ideal for converting into letting accommodation, subject to the necessary permissions being granted. We feel this is an ideal opportunity to acquire a canal side public house and restaurant, which is well supported within the community and which has scope for future growth. Early discussions with Preferred Commercial, in confidence, are highly recommended/
Financial Details
T/O: £325,000 approx.
GP: 51.92%
Opening Hours
Mon - Sun: 12.00pm - 11.00pm
Accommodation Details
Substantial 2-storey brick built, public house and restaurant premises, situated on the banks of a canal and briefly comprising:
Ground Floor
• L-shaped open-plan bar lounge and restaurant offering approximately 85 covers, L-shaped bar servery with 16 points of dispense, various bottle chillers, optics display and electronic cash register, feature windows overlooking canal
• Ladies WC
• Gents WC
• Well-equipped commercial kitchen fitted to suit trade
Lower Ground Floor
• Beer cellar with cooling system, fitted to suit trade
First Floor
Owners' accommodation, briefly comprising:
• Lounge
• Kitchen with a range of fitted wall and base units
• 3 x bedrooms
• Bathroom
• Separate WC
External
• Large car park to side
• 2 x outbuildings
• Beer garden overlooking canal, covered area with seating
Tenure
Leasehold
Original length: 15 years
Remaining: 9 years
Review: every 5 years
Rent: £35,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2902 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
