Commercial Property for sale245 Frindsbury Hill - ME2
- Business for sale
- Historic public house, prominent main road location
- Annual income c. £311,000 with good profits
- Three bedroom owner’s accommodation above
- Large car park and beer garden, viewing highly recommended
This is an ideal opportunity for a hands on operator to purchase a well known community public house, which occupies a prominent trading position within Rochester, Kent. The business occupies a commanding roadside position on a busy main road, within a densely populated area of residential and commercial dwellings, ensuring the business attracts both regular local and passing trade throughout the day.
Having served the locality since the mid/late 1800’s, and having been under the same ownership since 2007, the business has forged strong relationships with the community and the pub therefore now boasts an extensive and loyal customer base from both wet trade and food sales, which is served on a daily basis which includes a popular Sunday roast lunch service.
The substantial and imposing detached property provides a welcoming accommodation and a homely environment. The bar is neatly presented with traditional pub furniture and provides an array of various sports shown on tv throughout the week, along with two darts teams, a Saturday football team, a monthly quiz and karaoke, which provides a regular additional income during the year.
This is a profitable business, yet operates on mainly wet sales, although the food is a welcome addition to the yearly income. The addition of food since the current ownership has helped expand the trade and therefore now caters for a number of private functions on a regular basis, such is the quality and value for money.
The business would ideally suit an energetic and enthusiastic family similar to the current owners, who can build upon the already loyal and regular customer base.
Accounts to the year end 31.07.15 show an income of £311,199 with good profits for a hands on operator.
Current records and accounts can be inspected when viewing.
Sunday to Thursday 12.00 — 23:30
Friday & Saturday 12:00 — 00:30
Managed by the two owners along with additional full and part time members of staff.
A substantial and highly visible detached property, which occupies a prominent roadside position within a densely populated area and provides a spacious versatile living accommodation and public areas, which have been heavily extended over recent years. We have been advised that the building could be further extended in to the car park subject to landlord approval and planning permission.
The front entrance leads to the welcoming bar area which is neatly presented with tasteful décor and traditional furnishings. The entrance from the car park leads into the large double glazed conservatory, which can cater for up to 50 covers on tables of various sizes and is also used for the private functions during the week.
The restaurant has approx. 30 covers with traditional tables and chairs, with a separate bar counter. The open plan trading area is currently laid out with various TV’s, providing an array of sports shown on BT Sports and Sky.
Both the ladies and gentleman’s toilets have been refurbished recently and are presented in an excellent condition. The disabled toilet was also refurbished at the same time and now also provides nappy changing facilities.
There is a large car park for approx. 30 cars with dedicated access through in to the conservatory and the beer garden. The beer garden provides a nice family friendly open space, with a number of patio areas with traditional pub seating benches. Within the last couple of years, an under cover seating area has been built which provides additional seating.
In 2015 a children’s play house was also built and has proved to be extremely popular, making it an ideal place for families to meet and has therefore become very family friendly.
The commercial kitchen has a tiled floor, full extraction facilities, a 6 hob gas double oven, a twin deep fat fryer, a griddle, stainless steel prep tables and ample storage.
The owner’s accommodation above comprises of three double bedrooms, a living room with a small kitchenette area and a family bathroom, all of which are presented in a good condition.
We are advised that the property is held on a 30 year lease which commenced in 1994. The annual rent is £30,500 exclusive (correct as advised on 22.09.16). Rent reviews are at 5 yearly intervals.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
This is an excellent opportunity to purchase a well known business, which has a lot of local history and with genuine future potential.
A viewing is recommended to fully appreciate the location in general and the overall business opportunity.
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