4 bedroom pub for saleGreater Manchester
Ref 7959 LEASEHOLD
WELL POSITIONED, TRADITIONAL WET LED 'FREE OF TIE' PUBLIC HOUSE FOR SALE, LOCATED IN THE WELL POPULATED VILLAGE OF
LITTLE LEVER, GREATER MANCHESTER
Located on the High Street of this densely populated village, close to Bolton.
Well Proportioned Lounge Bar Area (circa 40); Games Room with pool table.
4 Bedroom Living Accommodation.
Outside Seating Area (circa 36).
Large Car Park.
Advised turnover for y\e 03/17 circa £190,453 (inc vat) on a 100% wet trade basis.
Potential to increase turnover and profits in hands of new owners with the introduction of catering.
New highly desirable 10 Year 'Free of Tie' Lease.
A TRADITIONAL PUBLIC HOUSE OFFERING GOOD POTENTIAL ON A 'FREE OF TIE' AGREEMENT
Little Lever is a large village within the Metropolitan Borough of Bolton, Greater Manchester and is situated 2.5 miles from Bolton, 2 miles from Radcliffe and 4 miles from Bury.
The village has a population in excess of 11,000 served by 5 primary schools, one secondary school and a special needs school.
The secondary school has a public leisure centre within its grounds.
The village also offers facilities for football, cricket and bowls.
Little Lever is located on the edge of Moses Gate Country Park, a 750 acre park which spans the River Croal and River Irwell.
This Village Inn is of stone construction, under a pitched, tiled roof, occupying a prominent position on Little Lever High Street.
The Lounge Bar area (circa 40) has character with its feature fireplace and comfortable seating.
Adjacent to the Lounge Bar is a Games Room currently housing a pool table.
Ladies and Gents W.C.'s.
There is a separate room accessed from the serving side of the bar which is currently used for storage but offers potential for an element of catering to be introduced.
The owner's accommodation is situated on the 1st floor and briefly comprises: 2 Double Bedrooms, 2 Single Bedrooms, Lounge, Kitchen, Bathroom and Sun Terrace.
To the side of the property is an enclosed paved area offering seating for around 36 people. This area is accessed directly from the games room.
Also to the rear of the property is a large car park.
TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Monday to Sunday 11am to 1am
Current opening hours are:
Monday - Thursday 11am to 11pm
Friday, Saturday 11am to 1am
Sunday 12pm to 10.30pm
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.
The business is offered for sale as a new highly favourable 10 year Private FRI Lease Agreement.
1. The asking premium will be £25,000.
2. The initial rent will be £22,000 per annum.
3. The annual rental is simply RPI linked to inflation every 3 years, hence no market rent reviews.
4. Rent payable quarterly in advance.
5. Lease re-assignable after initial 2 year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.
We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954.
We are advised that the business benefits from all mains services (no services seen or tested).
Business rates payable are advised as currently being circa £7,440 per annum.
The current owners purchased the business in 2009 and have established a solid trading foundation from loyal local trade. The business is being marketed for sale so that the current owner can enjoy their retirement.
We are advised turnover for year ending 03/17 was circa £190,453 (inc vat) 100% wet trade only.
In our opinion, profits could be increased if the business were purchased by an enthusiastic 'hands-on' couple thereby reducing manager and staff costs accordingly. There is also potential to develop catering facilities and a food offering which could increase turnover and profits.
Accounting information will be made available to interested parties after viewing.
This business was viewed by Lee Davy who would be delighted to discuss further details and can be contacted on 07496 849424.
Viewing appointments must be made by contacting Guy Simmonds
VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.
FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.
Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.
Energy Performance Certificates (EPCs)
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