Pub with Large Garden and Two Flats in Great Wakering Essex for Sale, High Development Potential
Great Wakering, Essex
- Status
FOR SALE
- Date Submitted:
02/02/24
- Advert ID
606205
- Reference
RX354265 / Rightbiz
- Call Agent:
- Freehold: £1,000,000
- Leasehold: £10,000
- Turnover: £302,971 (£5,826 Per week)
- Net Profit: Not Applicable
Business Details
PUB WITH LARGE GARDEN & TWO 1 BED FLATS (DEVELOPMENT POTENTIAL)
PUB WITH LARGE GARDEN & TWO 1-BED FLATS - GREAT WAKERING - Situated in an excellent trading position, the property enjoys high visibility and benefits from significant passing trade. The surrounding area is densely populated with residential buildings offering high levels of potential customers. The premises find themselves in the company of various other business types including a card shop, fish & chip takeaway, and a Co-op, amongst others. Our clients previously explored development and we are informed that they were very close to obtaining planning for 9 flats with a micro pub, however, they feel that there is potential to get planning for 11 flats on the site consisting of 3 x 1-bedroom flats and 6 x 2-bedroom flats. An attractively designed pub boasting a spacious garden area and first floor accommodation was acquired by our clients in 2019. Since then, they have made substantial investments undertaking a refurbishment of both the ground floor pub and newly fitting out the first floor accommodation into two self contained 1-bed flats. Under their ownership, the business has garnered an outstanding reputation, reflected in impressive ratings of 4.5 stars on TripAdvisor, 4.5 stars on Google, and an impressive 4.8 stars on Facebook, in addition to having a huge social media following on both Facebook and Instagram. The establishment offers a diverse menu featuring pizzas, burgers, fries, and chicken, contributing to its broad appeal and they have gained significant recognition for their Sunday roasts in the area. The premises consists of a large ground floor pub/restaurant, with large garden area to the rear which consists of a paved seating area, raised decked seating area, external bar, grass seating area, childrens play area and a large car park with 18 marked out spaces. The most recent 4 quarters VAT returns confirm a net turnover of £302,971. Full financial information can be made available to seriously-interested applicants following a viewing of the business. Viewing recommended. RX354265
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Listing Statistics
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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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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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