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Freehold bar and restaurant for sale in Wellingborough with private living space and event potential

Wellingborough, Northamptonshire
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Licenced Trade, Pubs & Clubs For Sale in Wellingborough Photo 1
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  • Freehold: £475,000
  • Turnover: £299,000 (£5,750 per week)
  • Profit: Not Applicable

Business Details

Licenced Trade, Pubs & Clubs For Sale in Wellingborough

UNIQUE FREEHOLD BAR, RESTAURANT AND FUNCTION VENUE in Wellingborough for Sale.

A truly unique, multi-faceted hospitality business and valuable freehold property with owners / managers modern two-bedroom living accommodation. Located in the desirable and historic market town of Raunds, North Northamptonshire, with easy access to and from Wellingborough, Kettering and Northampton, making for a huge catchment area. Weekly turnover £5,500 to £6,000.

THE PROPERTY - The venue is well-known for catering to private functions such as small weddings and celebrations, as well as its hugely popular Sunday carvery. The long bar with its 12-pump beer and cider selection easily deals with high volume sales to both the bar lounge and function room. Total capacity is 500, including the attractive enclosed garden courtyard seating. A superbly equipped catering kitchen is entirely of commercial quality stainless steel. Large drop-down screens, projectors and flat screen TV’s make for a lively and popular venue to watch live sporting events, whilst a separate bar lounge caters to those customers looking for a quieter and more relaxed environment in which to enjoy a drink and a bite to eat. This premises is very much planned and laid out to cater to everyone’s tastes and facilitates multi steams of income. The premises are fully compliant with disabled persons access and toilets. Additional ladies and gents WC’s on both ground and first floor. Food pantry and dry stores. Ground floor managers office and lower ground beer cellar and bin store. Located on the first floor is the outstanding owners private accommodation comprising of a modern kitchen diner, living room, a beautifully appointed bathroom with walk-in shower cubicle, main double bedroom and a second double bedroom in the attic space. The accommodation has been recently refurbished and presents very well. At the rear of the property the owners have a fenced off private vegetable garden. Also on the first floor, a very surprising feature and potentially an additional revenue producing element, a former meeting hall. The hall is not being used (other than for storage) at the moment, but would make an attractive and interesting reception hall, or a rentable venue for fitness classes, club meetings, guest speakers or other special public and private events. The hall has many original features and has its own external fire escape. EPC Band D.
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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.

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