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Closed village pub and restaurant in Lancaster, Lancashire with living space and development potential

Lancaster, Lancashire

CONFIDENTIAL

  • Freehold: £375,000
  • Turnover: Not Applicable
  • Profit: Not Applicable

Business Details

LANCASHIRE CLOSED VILLAGE PUB RESTAURANT

Lune Valley village of Brookhouse
Bar/restaurant (60)
4 bedroom owners accommodation
Trade garden and car park
Site area 0.241 acres
Currently closed

SELLER REF 96228

The village of Brookhouse is located in the Lune Valley, Lancashire, approximately five miles northeast of Lancaster and 16 miles southwest of Ingleton and the Yorkshire Dales National Park.  
The village lies off the A683 which is served by junction 34 of the M6 motorway.

The Black Bull Inn is of traditional construction, set over two storeys to the main, under a pitched slate roof.  It has multiple outbuildings, a trade garden and a car park, all within a site of approximately 0.241 of an acre.  

The premises is not listed but does lie within the Brookhouse Conservation Area.

Prior to closure, the business was let on a traditional ‘Pub Company’ style lease and therefore no trading accounts are available. Prospective purchasers will need to reach their own conclusions as to the potential trade and profitability which can be enjoyed at this outlet.


FREEHOLD £375,000 to include fixtures and fittings.  

The property is elected for VAT. VAT will be levied on the sale price at the standard rate on 90% of the purchase price.   Purchasers may wish to satisfy themselves with independent professional advice that this VAT may be reclaimed.

Inventory
The sale of the property will include trade fixtures and fittings which are in absolute ownership of the Seller and in situ on completion.  Any branded or leased items and any items owned by third parties will be excluded. An inventory of fixtures and fittings will not be provided by the Seller.  If required, the Buyer may obtain an inventory (approved by the Seller) at their own cost.  The Seller will not be required to remove any such items that remain on the property on completion.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

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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.

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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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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.

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