8879DN LINCOLNSHIRE L/H£175000F/H£450000 PUB/HOTEL/RESTAURANT
Advert ref: #1860
Category: Leisure -> Bars & Nightclubs
Location: England -> Midlands -> Lincolnshire
Category: Leisure -> Bars & Nightclubs
Location: England -> Midlands -> Lincolnshire
Business for sale
Asking Price:
£450,000
Turnover:
£1
Annual profit:
£1
Audited accounts:
Yes
Management accounts:
Yes
Business description
Advent Business Sales is pleased to offer tothe market this extremely well established
pub/hotel/restaurant, which has been
trading successfully since the mid 1960’s.
The current vendor has been in ownership for
the last 5 years.
The owner is reluctantly selling due to health
reasons and has agreed to offer the business
as both freehold and leasehold to attract a
quick sale.
Our client has achieved an enviable position
of having all the rooms fully let, Monday to
Friday, for at least 8 months of the year.
The restaurant, which also doubles as a
function room, has seating for 125 people.
The pub bar can also accommodate a further
38-40 covers.
The pub has a pool team and is the venue for
the local football team, in season. Two
nights are given over to themes, Thursday is
curry and a pint for £5.00. Friday is mixed
grill club night, again for £5.00. Traditional
Sunday lunch is a further highly successful
weekly event.
The pub is renowned for its Christmas Day
lunch in the restaurant, 60 covers are taken
for this only and there is already a 13 month
waiting list.
Food on offer is traditional fare with fresh
vegetables served separately in a waiter
service manner.
Rooms available are as follows:
3 doubles, 1 twin, 3 singles all en-suite.
These are located on the first and second
floors, security coded from the remains of the
building.
Décor, fixtures and fittings are good, kitchen
well equipped for purpose.
The premises benefit from 9 CCTV camera’s,
fire and burglar alarms.
Stock at cost is approximately £2,500.
The 2 owners staff the business full time
together with 3 part time employees.
The customer base is both local and passing,
the letting rooms to local industry.
Employee details
Fulltime staff:
0
Parttime staff:
3
