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Pub for sale

Vincent Street, Stoke-On-Trent, Staffordshire, ST1

£100,000
154 sq. m.

Property Description

Commercial information

  • 1,657 sq ft (154 sq m)

Key features

  • Leasehold Available 25,000
  • Ref 12524 D
  • FREEHOLD

Full description

Tenure: Freehold

BUSINESS
Free of tie Freehold 100,000 + SAV
Free of tie Leasehold 25,000 + SAV

Hilton Smythe welcomes to the market The Cross Guns pub. This Free of Tie pub is truly the hub of the community seeing regular custom from local residents.

Our client has owned the pub since January 2015 and revenue is derived from 100% wet sales. With a selection of quality beers and real ales, ciders, wines, spirits and soft drinks. The business reports turnover at 140,400 for this financial year.

This friendly pub hosts events such as fancy dress Halloween parties and is especially busy for football matches displayed on the TV's in the bar and lounge areas. The pub has a good Facebook page, with regular posts of recent or up -coming events.

The Cross Guns is well presented, creating a cosy and inviting atmosphere with an open fire in the colder months. To the rear is a patio area with seating for the warmer months.

In addition the pub boasts generous first floor owner's accommodation which has recently been fully refurbished at considerable cost to the vendor and includes new carpets and decoration through-out.

Early viewing of this popular community pub is highly recommended with the business genuinely coming to the market as our client looks towards a well-deserved retirement.


LOCATION
The Cross Guns is located at the heart of a large residential community, which is predominantly owner occupied and comprises of brick built terraced and semi-detached houses dating from the turn of the last century and is a ten minute drive from Stoke City Centre, Staffordshire.

The A53 and A52 serve the area, with the M6 feeding the City centre and surrounding areas.

PREMISES
Double fronted end terrace brick built Victorian pub briefly comprising:-

Lounge Bar
Entrance with double doors to front, tiled floor and doors leading to bar and lounge.

Lounge
Windows to front and rear creating a light airy and inviting interior, newly re-carpeted and decorated, perimeter seating, wall mounted widescreen TV', feature brass effect wall lights, brick built feature fireplace with open grate and bespoke bar with buttoned padding to front.

Bar
Windows to front and rear, perimeter seating, wall mounted gas fire, dado rail, wall mounted widescreen TV, bespoke timber painted bar with 7 hand pulls ,double glass fronted drinks chiller, 2 glass fronted wine chillers and well stocked bar.

Customer toilets

First Floor Owners Accommodation
Lounge
Newly refitted kitchen with a range of wall and base units ,wall mounted boiler, window to side, tiled splash backs and built in oven and gas hob
Bathroom, in the process of being refitted with white sanitary ware.
2 double bedrooms

The business is nicely presented having had the majority of the windows replace recently at a cost of approx. 8000. It is well signed with 5 brass lights illuminating the front. There is a drive to the side of the premises with double gates to the front and a brick built useful storage shed. To the rear of the premises is a customer garden which has been newly renovated with buff coloured paving ,new tables and seating and trellis work and which is a real sun trap in the summer and popular with the customers.

TENURE
We are advised Leasehold.
A new 20 year lease is available
Rent is 20,000 per annum.

A freehold option is also available for 100,000 + SAV

HOURS
The pub opens:-

Monday to Friday 2.30pm - 12 midnight
Saturday 2.00pm - 12 midnight
Sunday 1pm - 12 midnight.

STAFF
The business is owner run and managed with the assistance of casual staff as and when required

FINANCIAL PROFILE
The business reports turnover at 140,400 for this financial year.


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