3 bedroom pub for sale

Bedwin Street, Salisbury, Wiltshire, SP1

Fixed Price £40,000

Property Description

Commercial information

  • Business for sale

Key features

  • Highly profitable city centre pub priced for quick sale, Wiltshire
  • Turnover 221,682 per annum (y/e 31.07.14), genuine growth potential
  • 26 cover dedicated dining room plus 60 covers bar area plus beer garden
  • Excellent reputation, leasehold at a good rental, tied only to beers, viewing recommended

Full description

Tenure: Leasehold

DESCRIPTION
This is an extremely rare opportunity to acquire a stunning leasehold pub which offers "a little piece of the countryside within the city centre" located right in the centre of Salisbury, Wiltshire.

The Royal George is ideally situated on the Bedwin Road just minutes walk from Salisbury city centre. The Royal George benefits over its rivals in the fact it has a delightful secluded beer garden, finished to a very high standard, a car park and owners accommodation.

The Salisbury area is renown for its affluence and military presence with some of the most stunning of the Wiltshire countryside upon its doorstep, a point which literally attracts thousands of day trippers throughout the year, who visit to take in the stunning natural scenery and beauty of this Cathedral City.

The Royal George is a traditional 15th century pub with additions made in the 18th century and was acquired by the present owners in 2004. During that time the business has earned an excellent reputation for offering a warm welcome, with well appointed facilities which ensures the business enjoys good reviews for its food, as well as frequent referrals and recommendations.

The vendor has developed the business including an overhaul and renovation of the property, which leaves a standard to be envied.

The Royal George has a compliment of well trained and motivated staff members, which is another major factor of the businesses success and reputation.

Within the kitchen, the vendors offer an excellence in food. Food sales are growing annually and with a capacity to serve over 80 clients within the dining room and bar areas, offering exceptional scope for a new person to continue the growth and success.

Since the business was established, the property has been sympathetically renovated, taking great care to preserve and enhance the historic character of the existing building.

The Royal George now offers a 26 cover dedicated dining room, 60 additional covers within the bar area and a possibility on sunny days for 40 covers in the beer garden, yet still maintains all that a traditional pub has to offer including darts, pool and crib teams in local league's.

Finally the business offers full owners accommodation and all available at a reasonable rental from the group Enterprise.

The Royal George is a successful and profitable business built on solid foundations, yet offers genuine scope for future growth and development, which will naturally increase the turnover and associated profitability of the business further.

The business would therefore ideally suit an ambitious and energetic family unit, ideally with a catering/ hospitality background who have the opportunity to actively market the business and establish the restaurant to offer an a la carte menu during the evenings and traditional roasts or a carvery on Sundays.

The business premises is an Enterprise lease and the clients are tied into beers both in kegs and bottles only. There are many aspects of the business that offer a prime business opportunity over the local competition.

The vendor has decided to finally retire and is offering the business at a price to sell. Due to this, competition is expected to be rife, therefore early viewing is required to appreciate this excellent profitable opportunity and to avoid disappointment.

TURNOVER
Current turnover 2015 246,142

ACCOUNTS
Available accounts are to year end 31st July and are summarised below:

2014 - Sales 221,682 GP 153,474 EBITDA 53,866

STAFF
Operated daily by the owner with 1 full time and 1 part time member of staff and casual labour when required.

PROPERTY
The impressive and highly visible detached 15th century brick and Slate roof building, has been sympathetically updated and extended in the 18th century, maintaining many of its original features.

A secluded beer garden is located to the rear. The beer garden offers a terraced and decked area, a covered section for smokers and mature lawns and plants. The beer garden is not overlooked and cannot be seen from the front of the pub, therefore is also void of road noise, A small car park is located to the left with additional car parks nearby.

RESTAURANT/BAR/AREAS
The Royal George has a welcoming ground floor public bar and a separate 26 cover dining room, which is also used to cater for private functions. The bar area is traditional with the original beamed ceilings still in place, which support the traditional brass ware found normally in country pubs. The whole place oozes character and traditionality.

There is a comprehensively appointed commercial kitchen with an extensive range of excellent quality, valuable catering equipment that has been well maintained.

To the first floor is the owners accommodation.

Externally there is a small private car park with additional parking nearby.

The general feel of the place is a countryside pub yet located in the heart of Salisbury.

RESIDENTIAL ACCOMMODATION
The Royal George comes complete with a 3 bedroom (2 Doubles) owner's accommodation located on the first floor and also has a separate entrance from the pub or it can be accessed via the pub kitchen. In addition, the accommodation boasts a lounge area and a bathroom. The vendors use the downstairs kitchen, therefore offering a third single bedroom. This could be reverted to a kitchen again if required.

TENURE
We are advised that the property is leasehold and the landlord is Enterprise.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
This well known and highly regarded business has been successfully operated by the present owners for many years and is only now being offered for sale due to retirement.

Due to all the scope available with this sale and the excellent profitability, it represents a first class opportunity for an enthusiastic husband and wife team. Viewing is highly recommended.

More information from this agent

Nearest station

  • Salisbury (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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

  • Salisbury (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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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