3 bedroom pub for sale

COUNTY DURHAM

£169,950

Property Description

Key features

  • Prominent location on the main road, 2 minutes from the middle of busy Crook town centre.
  • Public Bar (circa 30) & Lounge Bar (circa 50).
  • Beautiful south facing Garden (circa 70).
  • Immaculate 3 Bedroom Owners Flat.
  • Potential for conversion to letting rooms, catering kitchen & self contained studio flat (STPP).
  • Advised turnover circa 109,419 (inc VAT) y/e August 2014, with expected increase for y/e 2015.
  • 100% wet trade with great potential for catering.
  • Excellent gross profit and reconstituted profits of 49,625 and 20,366 respectively in 2014.

Full description

Tenure: Freehold

REF: 7658 FREEHOLD


A SUPERB OPPORTUNITY TO PURCHASE A PROFITABLE BUSINESS AND AN ENVIABLE LIFESTYLE IN A BEAUTIFUL NORTH EAST SEMI RURAL LOCATION


LOCATION

The business is located on the outskirts of the town of Crook in County Durham. Ideally located on the main A689 road into the centre of town off the busy A68, gateway to the Pennines and Weardale.
Crook has a large rural community, with easy access to Tow Law, Fir Tree and only 5 minutes from the popular Crook Golf Course. Only 20 minutes away are the larger more well know cities of Bishop Auckland and Durham.

THE PROPERTY

The property has been well maintained and is well presented throughout and traditionally furnished to a good standard.
The front entrance takes you into the property giving you the choice of entering the Lounge Bar or the Public Bar to the right.
The Public Bar (circa 30) is cosy with both fixed and loose traditional wood furniture, fully carpeted with a functional central bar servery. A small passage takes you through to the Games Room with a full size pool table, AWP and TV.
The Lounge Bar (circa 50) is the larger of the 2 bars, L shaped with a central bar servery (connected to the Public bar servery) again furnished with loose and fixed furniture.
Well maintained Ladies and Gents Toilets.
Compact Cellar with newly installed dispensing equipment.
Small domestic kitchen completes the facilities on the ground and basement floors.

OWNER'S ACCOMMODATION

Situated through a private entrance between the Public Bar and Games Room, located on the first floor and is newly decorated and furnished to a very high modern standard. There are 3 double Bed Rooms with 2 previous single bedrooms tastefully converted to a small but cosy Dining Room and modern Office. Spacious Living Room with a bright and fully fitted Kitchen. 2 modern toilet/shower rooms.

EXTERNAL

The external area is unique, quirky and offers a good variety of outbuildings and natural landscape. There is a purpose built balcony come smoking area bordered by glassed potting shed, the first of 3 outdoor storage rooms and a standing wooden viewing counter. A raised wooden decking area leads to the large South facing Gardens which has previously played host to a wedding party of 80 people. The second outdoor storage space is a good size room and has potential to be converted into a commercial kitchen with access through to the Lounge Bar (STPP). The third is the most unique and was originally a small stable. This again has the potential for conversion ideally suited for a self contained studio unit (STPP). Adjacent to this is a private drive with car parking spaces for approx 5 cars leading to off street public parking owned by the council with additional spaces for a further 10 cars.

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:
Mon- Thurs 11am to midnight
Friday 11am to 1am
Saturday 11am to 2am
Sunday 11am 1am
Current opening hours are:
Mon - Thurs 7pm to midnight
Friday 7pm to 1am
Sunday 12am to 1am

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.

GENERAL REMARKS

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 with gas central heating (no services tested). Business rates payable are advised as zero due to the benefits of small business relief.

THE BUSINESS

The current owners purchased the business 17 years ago and have built an excellent reputation as the 'best community pub' in the area with a very loyal and large clientele base. The Inn is home to 2 pool and darts teams that play all year around as well as hosting live music every Saturday night and a 'Rock Night' once every quarter. With the facilities of the large Lounge Bar, it also currently hosts all meetings for the local political party as well as meetings for the pool, darts, football and cricket committees.

There are tremendous opportunities to increase the revenue by introducing food, longer opening hours and to utilise the 2 smaller double bedrooms as letting rooms. The Inn is operated on limited opening hours and facilities to suit the lifestyle of the current owners, party due to health reasons.
We are advised that accounts declare takings of circa 109,419 (inc VAT) to end August 2014 with the forecast for year end 2015 figures to show a small increase. This has been achieved with limited opening hours over a 7 day week, 4 of those days operated by a temporary staff member acting as an assistant manager.
Gross profits are good, reaching 51% based on 100% wet trade with a reconstituted net profit of 20,366 after adding back depreciation and half of the assistant manager's wage. (The current owners work limited hours and are away 4 days in the week). This business would be ideal for a couple willing to work a back of house, front of house operation especially if adding a food offer and savings can be made by working more days and hours to build on the successes of the current business operation.

Accounting information will be made available to interested parties after viewing.

The property was viewed by Stewart Marr who would be delighted to discuss further details and can be contacted on 07586 452 898.

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.
(IX) All prices quoted are excluding stock at valuation.


Energy Performance Certificates (EPCs)

Nearest station

  • Bishop Auckland (4.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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 station

  • Bishop Auckland (4.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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.

Disclaimer - Property reference 7658. 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 Guy Simmonds Business Transfers Limited , National Licensed Property. 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.

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