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Pub for sale

CA5

Sold STC £370,000
388 sq. m.

Property Description

Commercial information

  • Business for sale
  • 4,176 sq ft (388 sq m)

Key features

  • REF 12483
  • FREEHOLD
  • PUB
  • OFFERS AROUND

Full description

Tenure: Freehold

Ref: 12483
FREE OF TIE
OFFERS AROUND 370,000 + SAV

BUSINESS
Hilton Smythe welcomes to the market this superb traditional English county pub. The Royal Oak Inn is over 250 years old and has been successfully run by our client for the last ten years, with the business coming to the market as our client looks towards a well deserved retirement.

The Royal Oak is in a picturesque location and is very well supported by the local community. The business benefits from being Free of Tie and revenue is currently derived from 100% wet sales serving fine wines and good beer. The business reports a turnover of 47,000 as of 2015 accounts, gross profit is around 56%.

The pub is very charismatic and very well presented with over 100,000 spent on renovations by the current owner. With many charming features including beamed ceilings and wood burning stoves. The business boasts a commercial grade kitchen and seating for around 20-30.

The Royal Oak has previously served home-made traditional fayre and we would encourage any new owner to consider reinstating the dry sales and extending opening hours to further income. With advertising and a modest marketing campaign targeting the lucrative tourist trade we believe the pub can become a thriving destination pub/eatery due to its superb location.

The pub sits within substantial grounds with good parking and lovely beer garden for the summer months and potential to expand the building if required and subject to planning permissions.

The business is complete with immaculately presented owner's accommodation, making this an ideal acquisition for a couple or family looking for a life style change in this lovely desirable location.


LOCATION
The business is located in the idyllic village of Moorhouse, on the outskirts of the city of Carlisle.

The Royal Oak Inn occupies a prominent position within the heart of the community and is situated on the main thoroughfare B5307 running through the village. The rear of the pub opens up onto a large car park and lovely grassed beer garden with stunning Cumbrian countryside beyond.

The area is rich in history, with Carlisle attracting thousands of visitors each year and the famous Lake District on the doorstep. The area is easily accessible from the A689 and M6 and national motorway network beyond.

PREMISES
Beautifully presented detached premise briefly comprising.

Main entrance into the bar, with seating for 20-30 split into 2 areas, split buy the doorway.

Central bar with 6 points of dispense and optics and spirits behind. Glasswash behind the bar also. Gents toilet is situated at the end of the bar
To the right is a small annex area which houses the dart board/games area.

Through from the bar is a corridor leading to the ladies toilet, a fully equipped kitchen, ground floor cellar and office.

Access leads out to the rear car park and grassed area, with seating and tables for the summer, also for use as a smoking area

First Floor
Stairs lead from the ground floor up to the owner's accommodation comprising of a large living room with loft access, bathroom, a large double bedroom with second loft access and another double bedroom.

All fixtures and fittings are included in the sale. Kitchen is equipped with a gas oven, electric oven, griddle, 2 fryers, boiler, refrigerated display, toaster, microwaves, fridge freezer, dishwasher and ice machine. The bar is equipped with a glass washer, bottle fridges and till. All tables and chairs are also included.

TENURE
We are advised Freehold

HOURS
The pub opens:-

Monday, Tuesday and Wednesday 7.00pm to close
Thursday closed
Friday 5.30pm to close
Saturday 2.30pm to close
Sunday 2.00pm to close.

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
The business reports a turnover of 47,000 as of 2015 accounts, gross profit is around 56%.


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