Business for sale

Business description

A traditional untouched by time community ‘boozer’ located in the heart of west yorkshire in the town of keighley

An “every day” community public house attracting a loyal customer base with consistent proven sales offered at a realistic asking price 0f £45,000 lease assignment to include fixtures and fittings, goodwill plus s.a.v.

*Consistent proven sales of £139,275 Inc vat from 100% Wet sales with a Recon NET profit of around £26,000 year end 2005

*A lovely traditional unspoilt by time community venue with LOUNGE BAR, SNUG & TAP ROOM

*Spacious private accommodation comprising 3 DOUBLE BEDROOMS, 1 SINGLE BEDROOM, LOUNGE, KITCHEN & BATHROOM

*CAR PARK 20+, space for beer garden

*Easily managed operation from central servery, Ideal Husband and Wife operation – 9 years same owner

*20 year Landlord & Tenant Act protected lease renewable at its end for a further 20 years at no further cost – partially tied & all machine income

LOCATION (BD21 1AG)
Keighley is situated in the Airevalley in West Yorkshire about 12 miles from Bradford and approximately 13 miles from Halifax is a medium sized town with a population of about 70,000. The name Keighley is pronounced Keithley or Keely as some locals say is the correct name.

The town has a long history dating back to the 9th century it was mentioned in the Doomsday book and in the 18th and 19th century the town prospered with the woollen and cotton industry although today this has virtually gone, it now has a wide range of industries. Keighley also has a lot to offer tourists probably the most well known is The Keighley and Worth Valley Light Railway made famous by the film “The Railway Children” made in the 70s.

It has featured in many adverts and films. Located directly opposite the local ‘Bookmakers’ the pub is well situated in this traditional working class residential area close to the Town centre of Keighley a testament to which is the loyal customer base which the venue continues to attract a fact reflected in the consistent levels of trade shown during our clients 9 years at the venue.

PROPERTY DESCRIPTION
A traditional stone constructed property beneath stone clad pitched roofs, the property is believed to have been constructed in the early 1800’s as a Coaching Inn no doubt providing a welcome respite to travellers making their way to and from Nearby Halifax.

Located on a busy main road opposite the local ‘Bookies’ this is a traditional stone built venue fronting the main road with a delightful stone archway to the side which leads through to the large car park to the rear, there is undoubted scope to develop a beer garden area to the rear of the property to make use of the sizeable plot in which the property stands.

Internally offering a traditional style of décor throughout with a wonderful copper topped central bar servery that services the LOUNGE BAR complete with both loose and fixed bar furniture, AWP and Juke box bedecked throughout with assorted brass and copper trinkets.

Further accommodation is afforded in the SNUG area which continues with the traditional style of décor and pub furniture as seen in the lounge bar, just off the lounge bar is the TAP ROOM that provides seating at a range of traditional fixed and loose pub furniture and a dart throw area.

The ladies and gents toilet facilities are situated just off the bar area with the large spacious easily worked beer cellar being present at basement level. The property benefits from Double Glazing throughout.

OWNERS ACCOMMODATION
Positioned at first floor level the private accommodation comprises 3 Double bed rooms, 1 Single Bedroom, Lounge, Kitchen and Bathroom.

EXTERNALS
Occupying a prominent main road position the stone built property occupies a deceptively sizeable plot with parking to the rear for around 20 vehicles as well as a detached garage, there is scope to provide a beer garden/patio area to the rear to better utilise the space.

PREMISES LICENSES
We are advised that the business is licensed from 11.00am to 12.00am 7 days a week and trades on hours of 11.30am – Closing. A Personal License will be required and our training associates can assist with this for you if needed.

TENURE
We are instructed to offer the property and business for sale as a leasehold assignment of a 20 year landlord and tenant act protected (fully renewable at no further cost for another 20 year period at its end under no less favourable terms) formerly a Whitbread lease with the landlord now being enterprise INNS.

The lease is FREE OF TIE on Cider, Spirits and Fruit Juices and allows the lessee to retain 100% of machine income, and has a current business rent of £19,800 pa reviewed every three years.

SERVICES
We are advised that the pub benefits from mains electric, water, sewage & gas connections with central heating fuelled by mains gas.

THE BUSINESS
Being offered for sale for the FIRST TIME IN 9 YEARS this business has a genuine reason for reluctantly coming to market due to the ill health of our clients. A traditional style of operation with sales being 100% wet and a community focussed style of operation.

Sales have consistently been in the region of £140,000 and return Recon Net Profits of around £26,000 pa there is scope to increase on bottom line profits as due to our clients ill health staff costs are above what we would traditionally expect to see from a business of this style operated in the hands of a fully fit Husband and Wife team.

A well established business with a loyal client base looking for an enthusiastic new operator to take the business forward.

Accounts information will be made available to interested parties after viewing.

Ref: M4309L