Bar / Nightclub for sale

Shropshire

£200,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Leasehold

FREE OF TIE PUBLIC HOUSE, RESTAURANT & HOTEL
Situated in the beautiful village of Coedway, Nr Shrewsbury
Exceptionally well presented and well appointed throughout
7 en-suite letting rooms with owners accommodation flat
Advised turnover £629,429 PA with high GP returns
Ideal lifestyle change opportunity business
Early viewing essential to fully appreciate
Scope for further development
LEASEHOLD

Location

This truly exceptional free of tie public house and hotel is located in the beautiful village of Coedway, Nr Shrewsbury in Shropshire. The property stands proud on a main through road which links Shrewsbury to several Welsh villages and towns. The location can only be described as truly picturesque with open countryside views at every angle with rolling greenery and views spanning far into the distance. The local area has a fine selection of upmarket residential homes which supplies the business with a consistent local trade throughout the year.The business is in a very unique position as it facilitates several local attractions supplying a guaranteed trade year on year. A nearby wedding venue has an average of 300 weddings a year and refers the Inn as an overspill accommodation facility to all who wish to stay locally. There is also a large selection of race courses, golfing and fishing attractions which are all within a short travelling distance and contribute to a very stable annual turnover. The beautiful historic town of Shrewsbury is a short 15 minutes drive away (approximately 9 miles). The town lies on the River Severn and has over 660 historic listed buildings including several examples of timber frames, dating back to the 15th and 16th century. Shrewsbury offers exceptional housing, good schools, NHS services, excellent shopping and attracts visitors from all over the UK. The location also benefits from being less than 20 miles away from the M54 which connects to the M6 motorway, making visiting and commuting very easy.

Business History

Meridian Business Sales are privileged to offer for sale this very rare opportunity which has a proud history dating back to the 1700’s. Since 2003 the business has been owned by our client who is only now placing it onto the market due to his other business interests and commitments. The public house achieves a very respectable annual advised turnover of £629,429 PA offering a fine selection of free of tie beers, wines and spirits, a very popular carvery and Al-A-Carte style food menu along with beautiful guest accommodation from its 7 en-suite bedrooms. The property can only be described as beautifully presented throughout with a wealth of original features and charming character including original fireplaces, naked brickwork, large wall and ceiling wooden beams. Our client has gone to considerable expense and effort on the business’ presentation and fixtures which is a huge plus for a new owner as additional funds will not need to be spent for the foreseeable future. The business is extremely well run and fully staffed which leaves our client the freedom to explore additional business interests. This is a very favourable position for a new owner as they can be as involved or uninvolved as they wish, ensuring the opportunity will fit into most new owner’s lifestyles. This is a truly exceptional opportunity to acquire a very stable and well run business located in one of the UK’s most desirable areas. We urge early interest and viewing as we feel this opportunity will not be available for long.

Financial Profile

Turnover: £629,429pa

Stock approximately: £8,000

Tenure

Leasehold
Open to negotiation
Rent: £45,000pa

Opening Hours

Trades Monday to Sunday throughout the year

Accommodation

Exceptional well presented property offering large off road parking facilities, 80 cover dining restaurant, large commercial stainless steel kitchen, top and bottom bars with naked brickwork, original fireplaces and large wooden beams, 7 en-suite guest bedrooms and self contained owner’s living accommodation with living room and fitted kitchenette, outside dining space with beer garden and children’s climbing frame.

GROUND FLOOR - Entrance from car park leading to reception/welcoming corridor with male, female and disabled toilets.

Top Bar - Beautifully presented open plan bar area with roof beams, original feature fireplace, naked brickwork, fixed seating plus additional tables and chairs. Fitted bar with pumps, rear spirit displays, wine displays, chillers and glass storage. Connecting walkway to bottom bar.
(Approximately 30 covers)
Bottom bar - Very well presented area with grand original wood burner fireplace, beams and naked brickwork. Fitted bar extended offering mirrored feature with pumps, rear spirit displays, wine displays, chillers and glass storage. Comfortable seating area with large sofas and chairs.
(Approximately 20 covers)
Restaurant - Well presented area continuing with original wooden beams and naked brickwork. Large open plan restaurant area which divides into separate large areas. Approximately 80 cover with well spaced tables and chairs plus large hot buffet serving display unit (carvery display section).

Kitchen - Fully fitted commercial stainless steel kitchen with several preparation areas, large storage space and walk-in fridge.

Basement Cellar

FIRST FLOOR - Large reception corridor accessing owner’s accommodation and guest accommodation.

Managers flat accommodation, 1 x double bedroom, living room, fitted kitchenette, bathroom with bath, toilet and wash basin
Bedroom 1 - Double with en-suite shower, toilet and wash basin
Bedroom 2 - Double with en-suite shower, toilet and wash basin
Bedroom 3 - Double with en-suite shower, toilet and wash basin
Bedroom 4 - Double with en-suite shower, toilet and wash basin
SECOND FLOOR - Large reception corridor accessing additional guest accommodation.

Bedroom 5 - Double with en-suite shower, toilet and wash basin
Bedroom 6 - Double with en-suite shower, toilet and wash basin
Bedroom 7 - Family with en-suite bath, toilet and wash basin

EXTERNAL - Large open plan parking facilities (private to the public house) with spaces for 80 + vehicles.

Side of property slabbed seating/dining space with all weather seating and tables with large weather shield umbrellas plus beer garden area with children climbing frames.


Nearest station

  • Welshpool (8.3 mi)
Distances are straight line measurements from centre of postcode

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

01204 521417 Local call rate

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

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Street View

Nearest station

  • Welshpool (8.3 mi)
Distances are straight line measurements from centre of postcode

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

01204 521417 Local call rate

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

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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