Pub for sale

Tenure: Leasehold

STUNNING CHARACTER 16TH CENTURY PUBLIC HOUSE & RESTAURANT - LANCASHIRE
Refurbished at great costs and to the highest of standards
Advised turnover £650,000 with good gross profits
Affluent and popular coastal village of Hest Bank
Set in beautiful grounds with canal side views
Superb 3 bedroom owners' accommodation
Additional 1 bedroom self contained flat
Early viewing is strongly recommended
Scope for further development
LEASEHOLD

Location

This outstanding 16th century public house is located in the beautiful coastal village of Hest Bank. It is set in its own grounds with substantial car parking facilities with stunning canal side views. Hest Bank is a civil parish in the city of Lancaster situated next to the village of Slyne and adjacent to the popular coastal town of Morecambe, it is a well established residential area and is particularly popular with walkers that visit the area. The village has easy access to local schooling and all main shopping facilities whilst being only a short distance from the beautiful Lancashire coastline. Hest Bank is reached easily via the main A5105 coastal road or inland via the main A6. The M6 at junction 34 is only a short drive away providing further access to the UK's wider motorway network.


Business History

Meridian Business Sales are delighted to offer to the market this stunning 16th century public house which was established in 1554 and has been in the capable hands of our client for the previous 3 years. The only reason this opportunity is being offered to the market is due to our client's desire to concentrate on their other business interests. Since owning the business our clients have invested a substantial amount of money on upgrading the business premises to the point that they are now in full walk-in condition for any prospective purchaser. We are advised of a turnover of £650,000 which is derived from the sales of beers, wines and spirits and an extremely popular food sales side to the business.

The business has an outstanding reputation and lies at the heart of the local community and is supported by numerous groups including the Slyne Bowling Club and Vale of Lane RUFC and is often used as a meeting venue for groups such as the local Rotary club. The premises represent an ideal venue for family celebrations and are frequently used for occasions such as Christenings and Funerals. This is an outstanding opportunity to purchase a thriving business presented to the highest of standards and would ideally suit a husband and wife partnership looking for a lifestyle change opportunity, in one of the most picturesque areas of the country. As such early viewing is highly recommended as this business is not to be missed.


Financial Profile

Turnover: £650,000pa
Stock approximately: £8,000


Tenure

Leasehold
Original length: 3 years (Rolling)
Remaining: 3 years
Review: 3 years
Rent: £75,000pa


Opening Hours

Monday to Sunday: 11:30am - 12:00am


Accommodation

Detached 16th century public house set in beautiful grounds with canal side views, 3 large double bedroom owners' accommodation with self contained 1 bedroom flat and beautifully presented private lounge and 70 cover restaurant, briefly comprising:

Ground Floor - Secure entrance leading to main bar area. Left of entry access to 'Back Bar' primarily used by regular customers, approximately 30 person capacity with stunning feature fireplace with real log burning fire and beautifully presented bar area. Exit to car park. Small stairs lead down to 'Tudor Room', again beautifully presented with approximately 40 covers, ideal for private parties, stunning feature stone fireplace and walk through access leading to toilet facilities. Fully equipped commercial kitchen again recently refurbished. Access from kitchen to rear gardens and car park. Small stairs lead to main bar area and 'top food' area and small staircase leads down to beautifully presented 'Gallery' dining area and conservatory with beautiful views over the rear gardens. Staircase from main bar leads to first floor owner's accommodation.

First Floor - Right of staircase leads to: Large double sized room currently used as office, bottle storage room and large meeting room. From main staircase: 3 x large double bedrooms, 2 x family bathrooms, separate toilet, utility room and access to loft. Secure access to self contained flat briefly comprising: Fitted kitchen, large family bathroom, double bedroom and beautifully presented lounge.

Loft - Spacious loft currently used for storage.

External - 20 vehicle car park, landscaped gardens with 60 external covers and stunning views over adjacent canal.