Popular Village Inn with Shop and Accommodation for Sale in Penrith, Gateway to Lake District
Penrith, Cumbria
- Status
FOR SALE
- Date Submitted:
10/07/19
- Advert ID
245714
- Reference
MA1199 / Rightbiz
- Call Agent:
- Freehold: £435,000 (Stock at valuation)
- Leasehold: £50,000
- Rent: £30,000
- Turnover: £347,000 (£6,673 Per week)
- Net Profit: On request
Business Details
Village Inn on Edge of Lake District
• Popular food destination pub with separate shop and post office
• Outside seating areas, garden, parking and 2-bedroom owner’s accommodation
• Open plan bar and dining area
• Takings £347,000 net in 9 months to 31/12/2023
• Attractive village nr Penrith and gateway to the Lake District
• Available freehold or on a lease at a rent of £30,000 pa and ingoing of £50,000
Overview
A popular and thriving village pub and food destination inn, situated in an attractive village on the edge of the Lake District National Park. The business has been owned and run by the current proprietors since 2009 as a family business with an excellent reputation for traditional fare. Opening hours are Monday to Friday 12-3pm and 6-11.30pm and Saturday to Sunday 12 noon to 12 midnight. Turnover for the 9 months to 31 December 2023 was £347,000 net of VAT, with a split about 55% food and 45% wet. The pub also has an adjoining shop and post office producing additional income of about £15,000 a year which is included in a freehold sale and could be available separately to an incoming tenant. Anyone operating the post office counter would need to apply to the Post Office for the subpostmaster position. Our clients are seeking to retire from the business. Full accounts will be made available to bona fide applicants, normally after viewing.
Website: www.kingsarmsstainton.co.uk.
Listed by Mere Commercial
Tel 017684 83498
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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