7 bedroom pub for saleMain Street,Egremont,CA22
266 sq. m. | £200,000
- Business for sale
- 2,863 sq ft (266 sq m)
- REF: 2877
- LETTING ROOMS
- BED & BREAKFAST
The Cat Inn occupies substantial three storey Grade II Listed premises, ideally located on Main Street in Egremont, Cumbria. The business is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The area of the business is surrounded by densely populated residential developments, from which the public house derives much trade. The business further benefits from good public parking facilities within the vicinity.
Egremont is a market town and civil parish in Cumbria. The area is very popular with tourists and visitors and boasts many unique and interesting places to enjoy, including Egremont Castle, Florence Mine, Lowes Court Gallery, various walks and cycle paths. According to the 2011 census, Egremont had a residential population of approximately 8,194.
The area of the business is well-served by the public transport system, with bus stops being within easy walking distance of the property. The nearest railway station is Nethertown, which is just over 2½ miles away. The area is also well served by the A-roads, with the A595 being within easy driving distance, which links to the national A-road and motorway networks. St Bees is approximately 3 miles away and Whitehaven is 6 miles away.
Hilton Smythe is delighted to welcome to the market this well established and popular public house with letting accommodation in Egremont, Cumbria.
The business was originally established in 1789 and has been in our client's careful ownership since February 2015. Only now is the business being offered to the market due to our client's unfortunate health problems. The business operates 7 days per week and generates a turnover in the region of £190,000 per annum, with a gross profit of approximately 60%.
The turnover is derived from the free of tie public house, which offers a wide range of beers, lagers, spirits and soft drinks. Our client also offers 7 letting rooms, which are currently occupied on a short term basis by contractors working at Sellafield, which is only approximately 5 miles away.
The property has been maintained to a very high standard and all the letting rooms are decorated to a very high standard throughout. After our client purchased the property in 2015 the property was completely refurbished.
We are advised that the government recently announced that 2.5 billion pounds will be invested in Sellafield Nuclear Station refurbishment and a new nuclear power station will be built at the same time in at the same area. Copeland Council has already started investing in new housing, a shopping centre and other additional services to the community. The project is estimated to last until the end of 2027. Therefore there has been a significant increase in property prices in the area.
Our client has an excellent website in place at www.cat-promotions.com.
We have been advised that our client has been granted planning permission to convert the premises into three flats.
The business has built up an enviable reputation within the area for the high quality of the goods and letting rooms offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel the turnover could be increased by embarking on a modest marketing campaign to highlight the business and the services offered.
This is an excellent opportunity for a new owner with drive and ambition to take this busy business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
Substantial Grade II listed property in a prime trading location, briefly comprising:
Lower ground floor:
Large cellar, which is fully pumped and used to stock beers and wines.
Large bar with eight points of dispense.
Capacity for 120 persons standing and 20 seated.
Pool/games area to rear.
Ladies and gents WCs.
5 x double letting rooms.
Large communal kitchen.
2 x double letting rooms.
2 x loft spaces with potential for conversion.
Large garden to rear of property.
Large piece of land with the potential to build three town houses, subject to planning permission.
The property has full CCTV and is fully alarmed.
We are advised Freehold.
The business operates:
Monday - Friday: 11.00am - 11.00pm
Saturday - Sunday: 11.00am - 12.00am
Letting accommodation is available all year round.
The business is currently run by a manager with 1 x staff member.
The business generates a turnover in the region of £190,000 per annum, with a gross profit of approximately 60%.
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