4 bedroom pub for sale

Old School Lane, Lighthorne, CV35

£79,950

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Leasehold

PUBLIC HOUSE & RESTAURANT - WARWICKSHIRE
Situated in the charming village of Lighthorne
Early viewing is highly recommended
Advised weekly turnover of 8,105
Beautifully presented throughout
Scope for further development
Genuine reason for sale
LEASEHOLD


Location

This superb public house is situated in the charming village of Lighthorne, which despite its rural setting is particularly convenient for the Midland Motorway network, notably the M40, together with a range of nearby centres including Leamington Spa, Banbury, Warwick and Stratford upon Avon. Lighthorne has a thriving community including a period pub and many village societies, and it is surrounded by good walking and riding country. It is an easy drive to the theatres at Stratford, tourist attractions including Warwick Castle and several National Trust properties, excellent shopping facilities at Leamington Spa and there are many top class restaurants and gastro pubs in the vicinity. Leamington Spa and Warwick, ten miles from Stratford upon Avon and approximately three miles to Junction 12 (Gaydon) of the M40, giving easy access to London, Birmingham, Coventry, Banbury and the national motorway network. There are mainline train stations at Warwick, Leamington, Birmingham International and Coventry and Birmingham International airport is approximately 25 miles.


Business History

Meridian Business Sales are delighted to offer to the market this popular public house which has been established circa 1600's and has been in the careful hands of our clients since 2011. Since our client(s) took ownership of the business they have employed a manager to run the business which makes the business ideal for someone who is looking to add to an existing business portfolio or indeed for someone who is looking to operate a business hands on in which case this business offers tremendous scope to develop further. Our clients inform us that weekly turnover currently runs at 8,105 with gross profit margins of 54% which is derived from the sale of a selection of beers, wines and spirits in addition to light bar snacks as well as a popular hot & cold food menu. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.


Financial Profile

Turnover: 8,105pw
Gross profit: 54%
Stock approximately: 5,000


Tenure

Leasehold
Original length: 10 years
Remaining: 9 years
Rent: 24,000pa


Opening Hours

Monday: 12:00pm - 3:00pm > 5:00pm 11:30pm
Tuesday: 12:00pm - 3:00pm > 5:00pm 11:30pm
Wednesday: 12:00pm - 3:00pm > 5:00pm 11:30pm Thursday: 12:00pm - 3:00pm > 5:00pm 11:30pm
Friday: 12:00pm - 3:00pm > 5:00pm 11:30pm
Saturday: 12:00pm - 12:00am
Sunday: 12:00pm - 12:00am


Accommodation

Well presented 3 storey character property, briefly comprising of:

GROUND FLOOR
Secure entrance leading to: Main bar with ample tables and chairs for 15 covers, 2x feature fire places, exposed brickwork/stone flooring and traditional bar servery with beer/ale pumps, optic/spirit displays etc.
Ladies & gents toilet facilities
Bottle store

Snug area with comfortable seating area for 12+ covers with beautiful exposed wooden beams and brick work.
Restaurant with dining tables and chairs for 35+ covers
Ladies & gents toilet facilities

Fully fitted stainless steel commercial kitchen with designated wash and preparation areas.
Access to traditional beer cellar

FIRST FLOOR
Lounge with real open fireplace, 2x double bedrooms, fully fitted kitchen and family bathroom with toilet, bath, separate shower and wash basin.

SECOND FLOOR
2x double bedrooms

EXTERNAL
Car park for 25+ vehicles and front terrace area with seating area for 50 covers.

Nearest station

  • Leamington Spa (6.1 mi)
Distances are straight line measurements

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

0845 222 0508 Local call rate

How much will it cost me to call the number displayed on the site?

The cost of your call will vary depending on your landline or mobile phone provider and the number called. Please check with your network provider for potential costs.

Disclaimer

Property reference 2894. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Meridian Business Sales Ltd, Bolton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.