This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Bar / Nightclub for sale

Newark

£40,000

Property Description

Full description

EXCEPTIONAL PUBLIC HOUSE WITH RESTAURANT
Spacious good quality owners accommodation
Exterior barn that can convert to letting rooms
High turnover with scope to increase profits
Well established with scope for growth
Affluent and desirable town location
Partially tied to Enterprise
LEASEHOLD


Business History

Meridian Business Sales are pleased to offer to market this superb character public house which was established by our clients in 2003 and the only reason this rare opportunity is being offered to market is due to our clients wish to take a well deserved retirement. Since our clients took ownership of the business they have invested time and money in to both the property and the business to the point where it is in full walk in and trade condition. Our clients inform us that the annual turnover currently runs at £235,000 with a gross profit margin of 52% which is derived from the sale of a good selection of real ales, beers, wines and spirits in addition to a full lunch and evening menu. The food at the public house enjoys a strong reputation with the local community and as such has a high level of regular repeat trade. Due to the superb location of the business, it enjoys a large daily passing trade with high footfall who are attracted in the summer months to the large and pretty garden. This is a superb opportunity to purchase a premium business with massive scope to develop further as such early viewing is strongly advised.


Financial Profile

Turnover: £235,000pa
Gross profit: 52%
Stock approx: £3,000


Tenure

Leasehold - Original length: 26 years
Remaining: 16 years
Review: 5 years
Rent: £22,500pa


Opening Hours

Monday & Tuesday: 5:00pm - 12:00am
Wednesday: 12:00pm - 2:00pm > 5:00pm - 12:00am
Thursday & Friday: 5:00pm - 12:00am
Saturday: 12:00pm - 1:00am
Sunday: 12:00pm - 11:00pm


Well presented and substantial public house over two floors under a pitched slate roof briefly comprising -

The public house is entered via the main doors into a reception lobby with tiled floor. Dining room over two rooms with beamed ceilings and good décor to seat 36 covers. Snug bar room with fixed and loose furniture full bar facility with glass fronted fridge and display back bar. Main bar room with beamed ceiling full bar facility loose furniture pool table and French doors that lead to the beer garden. Fully fitted commercial kitchen with stainless steel surfaces extraction and 6 burner range grill fryer and a further range of essential kitchen equipment. Utility room currently being used as a laundry for the table linen. Ladies and Gents toilets. Separate entrance with staircase to owner's accommodation which comprises of large lounge 4 double bedrooms bathroom with modern suite and kitchenette.

FIRST FLOOR
4 x double bedrooms
large lounge
Fully fitted modern family bathroom
Highly Popular tea rooms
Kitchenette area
There is scope for a full kitchen in one of the double size bedrooms

EXTERNAL
Large barn which would be easy to converted to either 3 letting bedrooms or further dining space for the introduction of wedding trade business. Large beer garden with quality seating mainly laid to lawn with childrens area and smoking shelter.


Street View

Disclaimer - Property reference 1832. 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.

Map data ©OpenStreetMap contributors.