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BUSINESS REFERENCE : 1519 / RightBiz PUBLIC HOUSE & B&B - NR HULL | | | | | | PUBLIC HOUSE & B&B - NR HULL Popular village on the outskirts of Hull £5,800 per week turnover & very profitable Huge scope for development 80% wet sales | | | BUSINESS LOCATION: | Cottingham East Riding of Yorkshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £106000 | ANNUAL RENT: | £26000 | | | | | | | | | | | BUSINESS DETAILS: | PUBLIC HOUSE & B&B - NR HULL
Popular village on the outskirts of Hull
£5,800 per week turnover & very profitable
Huge scope for development
80% wet sales
Busy function venue, live music & 2 bars
Door charge for frequent live music events
Comfortable 2 bed owners accommodation
Additional 3 letting rooms
Secure lease with low rent
LEASEHOLD
Location
The business occupies a large prominent detached trading position fronting onto a busy main road in the popular sought after village of Cottingham. It is close to the village centre and enjoys a healthy local trade. Cottingham is a village and civil parish in the East Riding of Yorkshire, England. It lies just to the North-West of the city of Hull. Cottingham claims to be one of the largest villages in England, and is a popular and attractive residential location. The main route into and out of Hull by road is the M62 motorway, which is the main East–West routes in Northern England. It provides a link to the cities of Liverpool, Manchester and Leeds as well as the rest of the country via the UK motorway network. The motorway itself ends some distance from the city; the rest of the way is along the A63 dual carriageway.
Business History
Meridian Business Sales takes great pleasure in offering for sale this truly thriving public house which has been established for 51 years and has been in our clients careful ownership for the past 2 years. It is now being placed on the market because of other business interests. Since taking over, our clients have worked extremely hard in developing the business as well as spending a lot of money on internal improvements. As a result, turnover has nearly doubled with potential for further improvement for any purchaser looking to increase the food trade which accounts for approximately 15-20% of the turnover. The pub derives its income from a busy local customer base, which is greatly enhanced by private functions on a regular basis and live music on Wednesday, Thursday & Sunday, for which the pub charge a fee on the door of £2.00 per person. In addition extra income is generated from 3 letting rooms mainly used by contractors. The business is operated by two partners who employ 8 bar staff which results in a weekly wage bill of approximately £6-700 per week. Whilst the business has a high level of turnover & profitability there is tremendous scope for development for those with the imagination & energy to take this concern to the next level. We are therefore recommending an early inspection to avoid disappointment.
Financial Profile
Turnover £5,800 per week, gross Profit 51%
Tenure
Leasehold - Original length 30 years, Remaining 25 years, Review 5 years, Rent £26,000 per annum (includes insurance & VAT)
Opening Hours
Monday 4:00pm - 12:00am
Tuesday - Sunday 12:00pm - 12:00am
Accommodation
A large detached property under a pitched roof with good sized car park, briefly comprising :-
GROUND FLOOR
Main area with: Entrance porch through to main lounge
Timber bar with tiled apron around bar
Fixed high back upholstered seating
Free standing tables and chairs
Seating for 100 people
Timber dance floor, stage and big screen TV
Ladies and gents toilets
Kitchen with: Tiled walls and none slip floor
4 Ring gas oven
4 Pot bain marie
Griddle
Extraction canopy
D/deep fat fryer
2 x fridges
1 x freezer
Stainless steel sink unit
Second bar with: Timber bar servery
Half wood half carpet flooring
Dart throw
Pool table
Big screen TV
Fixed bench style upholstered seating with free standing tables and chairs
Ground flr 'beer cellar' purpose fitted with 3 upright freezers
1 x Chest freezer and ice machine
FIRST FLOOR
2 x Bed owners accommodation
Kitchen
Bathroom
3 letting rooms consisting of :-
1 x triple, 1 x double, 1 x single
EXTERNAL
Covered smoking area, car park. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | MERIDIAN BUSINESS SALES | | CONTACT: | 0845 222 0508 | | REFERENCE: | 1519 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
