Business for sale

Business description

A popular community local venue occupying a prominent main road position with the benefit of a delightful canal side beer garden and six currently unused letting rooms in the thriving lancashire town of leigh

A welcoming and thriving community local venue that proves to be ever popular with the local community with a lovely beer garden prominently located in the town of leigh lancashire offered at the realistic asking price 0f £109,950 lease assignment to include fixtures and fittings, goodwill plus s.a.v.

*Sales Y/E 06 around £300,000 Inc with a Recon Net Profit of around £40,000 year end 2006.

*Prominently located within a densely populated residential area with the benefit of 6 Letting Rooms, 2 Public Bars, and a delightful canal side beer garden.

*Spacious owners accommodation comprising 2 Double Bedrooms, Lounge, Kitchen and Bathroom.

*Lovely well used BEER GARDEN besides the CANAL.

*Well presented and maintained property in walk in and trade condition.

*10 Year Landlord & Tenant Act protected lease renewable at its end for a further 10 years at no further cost.

LOCATION (WN7 2AP)
Leigh (Population c45,000) is the second largest Town within the Borough of Wigan , and historically was once an important jewel in the industrial crown of the North West and has a distinguished industrial heritage of mining, mills, engineering and transport.

Sport plays an important part in the life and history of Leigh. It has a successful Rugby League Football Club ‘Leigh Centurions’ and rugby union is also well represented in the area, along with football, cricket and athletics.

The town has a thriving pub scene with community local venues being the focus for much of the community particularly those that follow the towns sporting achievements. The town continues to be a popular residential location due to its excellent road links with the whole of the region with the A580, M6 and M61 all being within a few minutes drive.

Leigh is a traditional Lancashire town that has evolved from its industrial past into a thriving and popular diverse town with a densely populated residential population. A legacy of the Towns past is the towns canal network which gives access to Yorkshire, Lancashire and the Midlands via both the Bridgewater and Leeds – Liverpool canals which continue to prove to be ever popular.

A major development in the town is gradually taking shape with the development of the Leigh Sports Village, which will include a 10,000 capacity stadium to be shared by Leigh’s football and rugby clubs, while there will also be a new athletics arena for Leigh Harriers athletics club, new facilities for Leigh East Amateur Rugby League Club, a new college campus along with leisure and business facilities for the community.

Once complete this development is expected to further boost Leigh’s popularity as a popular place to live work and of course socialise. Leigh is a typical working class town with most residents leisure interests listed as camping, angling, bingo, horseracing and rugby, and of course going to the pub.

PROPERTY DESCRIPTION
Prominently positioned on a busy junction besides the bridgewater canal the traditional style community local venue offers a welcoming and friendly atmosphere.

Internally comprising comfortable traditional lounge bar with seating for 40 + verticals fully carpeted throughout and decorated to a good standard, with wall mounted plasma tv and a karaoke/live band area that is used to provide regular entertainment, the lounge bar offers direct access to the well presented ladies and gents wc’s. Pool room containing a range of traditional loose and fixed pub furniture along with pool table, 2 awp’s and plasma screen tv the pool area offers access to the currently unused catering kitchen along with direct access to the delightful canal side beer garden area complete with covered patio area in readiness for the forthcoming smoking ban.

The wonderful beer garden area is a delightful and attractive area with a fantastic location besides the bridgewater canal a truly marvellous place to enjoy a cool drink throughout the summer months. Further seating is afforded internally to the snug/2nd lounge area with seating for around 40 + vertical drinkers offered at a range of fixed and loose pub furniture with traditional timber flooring and plasma tv.

The venue is served by an attractive large timber bar servery centrally located to serve all 3 bar areas easily and efficiently with a range of illuminated hand pumps, along with a full range of wall mounted optics and under counter beer coolers to the back bar. Also present at first floor level are six currently unused letting rooms which offer potential to any new operator.

OWNERS ACCOMMODATION
Situated at first floor level spacious accommodation offering 2 Double bedrooms, Lounge, Kitchen and Bathroom.

EXTERNALS
Located besides the bridgewater canal the property has a delightful beer garden complete with block paved beer patio area part of which is covered and accessed directly from the pool area and is ideal to cope with the forthcoming smoking ban. The beer garden has a bbq area, children’s play area and lawn beer garden area complete with picnic benches, this is a lovely area and proves to be extremely popular throughout the summer months with the local community.

PREMISES LICENSES
We are advised that the business is licensed to trade on opening hours of 10.00 – 12.00 Mon – Thurs & Sun, 10.00 – 02.00 Fri & Sat. 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 10 year landlord and tenant act protected (fully renewable at no further cost for another 25 year period at its end under no less favourable terms) from enterprise inns. with a business rent payable of £25,200 pa

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

THE BUSINESS
Having operated the business for the last 4 years our clients have decided to sell due to personal circumstances. In their time at the venue our clients have built themselves a strong community focussed business that is a popular and profitable venue. 100% WET SALES for the year ending 2006 are around £300,000 inc with recon net profits in the region of £40,000 there is tremendous scope to build upon the trading platform built up by our clients with the introduction of food and further marketing of the business in particular the B&B aspect which our clients choose not to fully exploit being the obvious options available to any new operator that chooses to exploit the latent potential offered by this opportunity.

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

Ref: M4292L