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Traditional Pub Investment Opportunity With Planning

Mold, Flintshire
Freehold Price:
£549,995
Status
FOR SALE
Advert ID
141119
Reference
2244 A / Rightbiz
Business
Hilton Smythe is delighted to welcome to the market this well established and popular traditional public house in Hendre, just outside Mold in Flintshire. The business was established in the 1700s and has been in our clients` careful ownership since 1997. Only now is the business being offered to the market due to our clients` desire for a well-earned retirement. The business is open one afternoon and 7 evenings per week, generating a turnover in the region of £43,000 per annum, with a gross profit of approximately 60%.

Our clients offer a wide variety of beverages including beer, ales, wine and spirits, as well as soft drinks and juices. The business has an excellent reputation within the area for the friendly and wonderful atmosphere offered, which has resulted in a very loyal client base with a vast amount of repeat trade and word of mouth referrals.

This is also a wonderful investment property in a stunning location offering the opportunity to develop the premises into a guest house/bed and breakfast business as our clients already have the planning permission to do so. The plans offers new owners the option to build new living accommodation, extend the number of letting rooms to 7 and to expand the restaurant/kitchen. The plans are available upon viewing the property. We are advised that a new central heating system has been installed.

The property is set on just under 2 acres of land and includes a ¾ acre field on the land, which has the potential to be used for alternative use such as events and gatherings or an investment opportunity as a large property including land.

We feel there is scope to increase the turnover by extending the opening hours, as the public house is currently run at a pace to suit our clients. A new owner could also introduce food sales as the business currently only does wet sales. The public house would benefit from a small marketing campaign to highlight the business and services offered. A website for the business could also be established to promote the business. This is an excellent opportunity for a new owner to take this business to the next level; therefore early viewing must come highly recommended.

Location
Y Dderwen, The Oak is set in a beautiful Welsh Valley near Mold in Flintshire. Nestled within a stunning backdrop of the Welsh hills and surrounding valleys and forests. The business benefits from a large car park to the side of the property for approximately 70 vehicles. Being located just off a busy A-road, the business benefits from a large volume of passing trade. The area is an extremely popular destination for tourists with a host of walker's, ramblers and sightseers drawn by the outstanding natural beauty of the region.

The area is served by the public transport system, with a bus stop located directly outside of the public house. The nearest railway station is in Flint, approximately 9 miles away. The area is also well served by the A-roads, with the business located just of the A541, which links to the vast A-road and motorway networks. Mold is approximately 4½ miles away and Chester is 19 miles away.

Premises
Substantial two storey, detached property, briefly comprising:

Ground floor:

Main lounge area with:
Tables and chairs seating approximately 40 covers.
Pool table.
Large screen TV.
Feature fireplace with wood burner.

Bar with multiple points of dispense, spirit display, double door drinks chiller unit and electronic cash register.

Small lounge area with table and chairs seating 20 covers.

Ladies and gents WCs.

To the rear:

Owners lounge and dining area with cloth room with toilet facilities.
Newly fitted kitchen.

First floor with:

2 x double bedrooms.
2 x single bedrooms.
Newly fitted bathroom.

A new central heating system has recently been installed.

External with:

Beer garden with large smoking shelter and BBQ area.
Large car park for approximately 70 vehicles.
¾ acre field

Most fixtures and fittings are included in the sale.

Planning permission was granted in 2004 to extend the public house, which is still in force for 7 letting bedrooms. There is a restaurant, kitchen, extension to living quarters and double garage.

Tenure
We are advised Freehold.

Hours
The business is open:

Monday – Saturday: 7.00pm – 12.00am
Sunday: 12.30pm – 4.30pm and 7.00pm – 12.00am

Staff
The business is owner run and managed.

Financial Profile
The business generates a turnover in the region of £43,000 per annum, with a gross profit of approximately 60%.

Listing Details
Freehold Price: £549,995
Tenure: Freehold
Location: Mold, Flintshire
Sector: Pubs, Investment Properties
Financials
Annual Turnover: £43,000
Key Features
  • Price Reduced
  • Established Business
  • Price Further Reduced
  • Prime Location
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 2244 A / Rightbiz
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