Leasehold Public House / Restaurant
Location England
Asking Price Range < $250K
Gross Revenues $145240
Net Profit / Cash Flow $86190
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1998
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description LEASEHOLD PUBLIC HOUSE / RESTAURANT FOR SALE FOR œ85,000. The business is operated by two vendors and encompasses 3 main profit centres, the public bar area, a 40 cover restaurant plus 2 self contained letting apartments. There is also land to the rear of the premises which is lawned and separated into a section which is used as the owner's private garden and then a large area which is used as a beer garden area.
Main Floor (ground floor to front, first floor to rear): Main bar area with full servery plus lounge wall seating plus tables and chairs. Restaurant area extending into conservatory equally 40 covers. Stainless steel commercial kitchen. Stairs from kitchen leading down to ground at rear. Ladies and gents w/c's plus disabled toilet. Access to front of premises to patio seating area. Separate self contained entrance to living accommodation on second floor, consisting of: hallway, large double bedroom with en suite bathroom, large double bedroom, 1 single bedroom, large family bathroom, family lounge, kitchen/dining room and utility room, all with gas central heating and gas fires.
Lower floor (ground floor at rear): Stainless steel preparation room. Storage room with refrigerators and freezers. Cellar and bottle store. Secure garage. Self contained 1 bedroom flat consisting of: lounge/dining area, bathroom and double bedroom. Second self contained letting flat, main bedroom with separate shower room. External: To front of premises outside seating patio area. To side of premises, large customer car park plus car park entrance. Large flat lawned area to rear of premises. Opposite side of road to front of premises is an attractive and popular marina. To the rear of the main site, there is a 110 pitch caravan site.
TENURE - Leasehold with Enterprise Inns. Original lease - 10 yrs. Remaining lease - 6 yrs. Review every - 10 yrs. Rent - œ18,555 pa (incl. insurances/domestic rent). We are advised that the annual business rates are currently: œ6,206.
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