Skip to content

The Fountain Inn, 41 Medomsley Road, Consett, United Kingdom, DH8 5HG

Offers Over
£300,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

Ask agent

SECTOR

Bar / nightclub for sale

Key features

  • Well established and longstanding business
  • Central location with good footfall
  • Free of Tie and Wet Led
  • Large 4 bedroom owners accommodation
  • Annual net turnover approx £184,000
  • Fully Licensed. Energy Rating D.
  • Christie & Co Ref: 6450516

Description

Description

The Fountain Inn is a large and traditional two storey detached building with painted rendered elevations beneath a pitched roof. Tastefully refurbished throughout to a very good standard, the property has spacious trading areas as well as large living accommodation and private rear access.

Currently a wet only pub, and frequented by many locals in the area, the Inn has a loyal and longstanding customer base.

Local teams based as the pub include: Ladies and Mens Darts, as well as a number of Pool Teams.

Well renowned for it's customer service, organised events and as a popular function venue location, the current owners have managed the pub for over 17 years and are now looking to retire.

Location

The Fountain Inn occupies a prominent position on Medomsley Road, in Consett town centre. It is situated directly opposite the Victoria Centre and close to many retail businesses, local amenities and transport links including the town centre bus station.

Consett is a town in County Durham, England, about 14 miles south-west of Newcastle upon Tyne.

Internal Details

The main entrance to the property leads into two separate bar and lounge areas.

The main bar area to the left is tastefully decorated with a large central bar that serves both rooms. There are numerous mounted tv screens as well as a pool table and darts area.

There is a large and bright lounge/restaurant to the right with its own bar servery. This room is frequently used for functions and on busy match days where a drop-down screen is used to televise games.

Seating and standing in both areas is for approx. 200 covers.

Ancillary areas include: commercial grade kitchen, customer toilets, cellar access, storage facilities and access to private garage.

Fixtures & Fittings

We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory. Items personal to the Sellers are excluded.

External Details

The Fountain Inn has an outside pavements seating licence with seating for approx. 30 people.

Owner's Accommodation

The well-presented and spacious private accommodation consists of four bedrooms, a fully equipped kitchen, bathroom and living area all with gas central heating.

The Opportunity

The Fountain Inn presents a great opportunity for an owner operator to purchase this large well positioned and well performing business, and to operate along the same lines as the current owner. Ideally located in the town centre, with a good passing trade, The Fountain has been frequented by many locals for many years.

Alternatively, an experienced operator, perhaps with multiple sites, could expand the current offer and look to run as a managed house or an investor may look to purchase the premises and let it to an operator.

Staff

The business is run by the owner operator with the help of part time staff.

Trading Information

Trading accounts and barrellage information is available to serious buyers only on request.

Trading Hours

Monday and Tuesday
6.30pm - 12:00am

Wednesday to Friday
6.00pm - 12.30am

Saturday
11.30am - 12.30am

Sunday
11.30am - 12.00am

Business Rates

The Rateable Value is £2,900.00 with effect from 1 April 2023. Confirmation of actual business rates payable should be obtained from the local Authority.

Regulatory

Premises License.
Pavement License.

Energy Performance Certificates

EPC 1

Brochures

The Fountain Inn, 41 Medomsley Road, Consett, United Kingdom, DH8 5HG

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stocksfield Station7.3 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Christie & Co, Pubs & Restaurants

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll disco

More properties from Christie & Co, Pubs & Restaurants

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 6450516-fh. 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 Christie & Co, Pubs & Restaurants. 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.

Map data ©OpenStreetMap contributors.

Your search history

You have no recent searches.