Pub for sale

The Street,Woolpit,IP30

£40,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Leasehold

TRADITIONAL PUBLIC HOUSE/RESTAURANT - SUFFOLK
Well appointed and presented throughout
Early viewing essential to fully appreciate
Situated in the quaint village of Woolpit
3 bedroom owners' accommodation
Advised annual turnover of 300,000
Scope for further development
Genuine reason for sale
Options to be free of tie
8 letting rooms
LEASEHOLD


Location

This well established public house is located on the main through road of the village of Woolpit near Bury St Edmunds. Woolpit is a popular and upmarket village in the county of Suffolk renowned for its picturesque countryside and quality period properties. Due to the position of the shop it is surrounded by a wealth of complimentary businesses all of which attract considerable trade to the area. The location of the business ensures that it receives high levels of local and passing trade as Woolpit is on the main trunk road connecting the village to Bury St Edmunds. Bury St Edmunds is a lively and popular town renowned for its fine period properties, rolling countryside and quality recreational facilities. The town and surrounding areas are easily accessed via the A14, A143 and A134 trunk roads.


Business History

Meridian Business Sales are delighted to offer for sale this traditional public house with letting accommodation which has been in the careful hands of our clients for the last 22 years. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since our clients took ownership of the business they have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability. Our clients inform us that annual turnover currently runs at 300,000 which is derived from the sale of a selection of beers, wines and spirits in addition to light bar snacks and a popular hot and cold food menu along with 8 well presented letting rooms. 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: 300,000pa
Stock approximately: 6,000



Tenure

Leasehold
Original length: 15 years
Remaining: TBA
Review: Every 5 years
Rent: 52,000pa


Opening Hours

Monday - Friday: 11:00am - 3:30pm > 6:00pm - 11:00pm
Saturday: 12:00pm - 3:30pm > 6:00pm - 12:00am
Sunday: 12:00pm - 4:00pm > 7:00pm - 10:30pm


Accommodation

Well presented character property, briefly comprising:

GROUND FLOOR
Secure entrance leading to

Main bar with fitted bar servery, ample fixed and additional seating for approximately 18-20 covers, darts board, pool room with pool table and bar servery, ladies & gents toilet facilities, lobby area, conservatory with tables and chairs for approximately 12 covers, restaurant with ample dining tables and chairs for approximately 32-40 covers, wood burning fire, bar servery, fully fitted catering kitchen (Calor gas for hobs), preparation room and access to beer cellar/store room

FIRST FLOOR
Owners Accommodation
3x double bedrooms
2x bathrooms
Lounge

Letting Accommodation
1x family room with en-suite
2x double rooms with en-suites
1x single room with en-suite

EXTERNAL
Car park for approximately 30-40 vehicles
Smoking shelter
Lawned beer garden
Vegetable patch
Patio/garden area

Letting Accommodation
Purpose built outhouse
1x double room with en-suite wet room (disabled access)
1x double room with en-suite
1x twin room with en-suite
1x single room with en-suite

Nearest stations

  • Elmswell (1.4 mi)
  • Thurston (3.7 mi)
  • Stowmarket (5.4 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.

Map & Street View

Nearest stations

  • Elmswell (1.4 mi)
  • Thurston (3.7 mi)
  • Stowmarket (5.4 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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