2 bedroom pub for saleSTAFFORDSHIRE
1 sq. ft.
- Traditional community inn in a prominent roadside location, surrounded by chimney pots.
- Open plan Lounge Bar (45+) with darts throw, 2 flatscreen T.V.s and bar server.
- 2 bedroom owners' accommodation.
- Partially covered external drinking area; Rear patio drinking area.
- Advised turnover circa £208,184 (incl. VAT) year end March 2011 - 100% wet.
- Reconstituted net profits of circa £30,000.
- Operating on very limited opening hours.
AN EXCELLENT OPPORTUNITY TO ACQUIRE A WELL ESTABLISHED BUSINESS IN A BUSY AREA.
This popular locals' inn is situated in the town of Longton in the city of Stoke-on-Trent.
The city in Staffordshire is a unique city made up of six separate towns: Tunstall, Burslem, Hanley (the City Centre), Stoke, Fenton and Longton, known collectively as 'The Potteries'.
Stoke on Trent is one of the 100 top business locations in the UK and has excellent shopping facilities. The city is internationally known for the world's finest ceramics and it has also become an important tourist destination. Many of the pottery factories offer tours to visitors and there are internationally acclaimed visitor centres at Portmeirion, Spode, Wedgewood and Emma Bridgewater. There are over 25 factory shops and also several museums to visit relating to the pottery industry, including the Gladstone Pottery Museum and the Potteries Museum & Art Gallery.
Other tourist attractions in Stoke include the Trent Festival Park, which offers retail outlets, a multi-screen cinema, a ten pin bowling alley, the Stoke Ski Centre (with its ski slopes and unique Alpine Rollercoaster) and Waterworld (the UK's top indoor tropical water park).
Longton has benefitted from recent retail development and is home to Longton Exchange,
a large Tesco Extra superstore, Argos, Next and Matalan. The inn is located on the busy A5035 and has excellent road links via the nearby A500, A50 and M6.
This is a two-storey property occupying an excellent main road position.
The property was purchased as a closed business 8 years ago and refurbished.
The trading area is open plan with wooden flooring and a brick bar servery with a polished wood top.
The light and spacious Lounge Bar (circa 45 + standing) is an U-shaped room and features 2 flat screen T.V.s, a games machine, darts throw, fixed upholstered perimeter seating, wooden tables and upholstered stools.
Ladies and Gents W.C.s.
There is a lower ground cellar and bottle store.
The owner's accommodation is located on the 1st floor and has been converted from a former trading area. There are 2 double bedrooms (1 with en-suite bathroom), shower-room/WC and a large open-plan lounge/dining area/kitchenette.
To the rear of the property is a small covered smoking area and a patio drinking area with picnic benches.
There are 2 storage outbuildings.
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:
Sunday 11am to 10.30pm
Mon-Sat 11am to 11pm
Current opening hours are:
Sun-Sat 11am to 7pm
The inn stays open on some Tuesday evenings for Crib matches.
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 property and business is being offered for sale freehold (although we have not had sight of the title deeds). All mains services are connected (no services tested). Business rates are advised as being circa £7,100 per annum.
The current owner purchased the inn in 2004 when it had ceased trading and is now reluctantly selling due to personal circumstances. Our vendor client has refurbished the premises and has established an excellent reputation for offering traditional cask ales to a loyal and desirable 'wet' sales local clientele. The business is part of the community, benefitting from local trade and also from trade from the adjacent betting shop.
We are advised that accounts declare takings of circa £208,184 (incl. VAT) in the year ending March 2011 - 100%wet. This has been achieved on trading only very limited opening hours with the business closed from 7pm every evening (except on crib match nights). The reconstituted net profit is circa £30,000 (adding back depreciation). There is clearly further scope to increase turnover simply by extending the opening hours.
Accounting information will be made available to interested parties after viewing.
This business was viewed by Helen Russell who would be delighted to discuss further details and can be contacted on 07968 376590.
Viewing appointments must be made via 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.
Energy Performance Certificates (EPCs)
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