Business for sale

Business description

Advent Business Sales have been instructed to offer for sale this long established public house with significant potential.

It has been in the current vendors hands for many years and is offered for sale due to retirement.

There are 2 separate bars which have been decorated in a traditional style.
The premises benefits greatly from the external seating area which has been fully decked out and gas heaters installed.
There is also a smoking area.

This public house benefits from being free of tie on all drinks except barrelled/Bottled beer and lager. Also free of tie are all gaming machines.

The premises is in the process of installing a hot & cold servery in the lounge which will start to serve snacks such as pizza’s, pasties etc
STAFF DETAILS
Staff includes the vendors plus 3 other members

TRADING HOURS
Mon – Thurs: 11.00am – midnight
Fri – Sat: 11.00am – 1.00pm
Sun: 12 noon – 11.30pm
Spacious family accommodation with 2/3 bedrooms, lounge, kitchen and bathroom.

Ground Floor
. Main door through to 2 bars
. Lounge area with entrance to toilets
. Public bar area with fruit machine and sky television
. Ladies & gents toilets
. Outside cellar and storeroom
. Access to accommodation

The lounge has just been refitted to create a back bar servery which also includes items such as a pannini grill and microwave.

First Floor
. Spacious living accommodation
. Landing to kitchen and leading into lounge
. 2 large double bedrooms
. Large office
. Family bathroom

External
. Side door for access

New lease has just been negotiated with a fixed rent for 6 years.


TENURE: Leasehold
Original lease: 11 years
Remaining lease: 11 years
Review every: 5 years
Business Rent: £21,000 per annum
Accommodation rent: £5,000 per annum

The lease will be renewed on the same terms as it is at present with Punch Taverns.

We are advised that the annual business rates are currently: £580 per month & the rates for the flat are £80 per month.