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The Ironstone Wharf, Station Road Gunness, Scunthorpe, DN15 8SX

£275,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Pub for sale

Key features

  • Turnover Y/E 31 Jan 2024 £180,371
  • ANP Y/E 31 Jan 2024 Circa £20,000
  • Retirement sale - same owners for 30 years
  • Set on a plot of c. 0.47 acres
  • Currently wet sales only
  • Energy Rating C
  • Christie & Co Ref: 5455532

Description

Description

The Ironstone Wharf is a community pub that has been in the hands of the current owners for over 30 years and they are now looking to retire. The property has a bar separated into three areas, a commercial kitchen that is currently out of use, and an events space/function room. On the first floor is owner's accommodation in the form of a three bedroom flat. The property is for sale freehold and free of any ties. VAT is applicable on the sale price.

Location

Gunness is a village and civil parish in North Lincolnshire. It is situated two miles west from Scunthorpe, and on the east bank of the River Trent, only 1.5 miles from the M181 and 10 miles South of the Humber estuary.

Internal Details

50 cover bar
100 Person function room
Commercial kitchen
Customer toilets which are uniquely fitted out
Marquee with table and chair seating and a projector screen

Ancillary areas include three stores and a cellar.

Fixtures & Fittings

The property is for sale with all the fixtures and fittings currently in situ in the trading areas, with the exception of our clients personal belongings.

VAT

Please note that VAT is payable on the purchase price at the prevailing rate.

External Details

Set on a circa 0.47 acre plot with ample car parking. There are beer gardens to the front and the rear.

Owner's Accommodation

On the first floor is the owner's accommodation comprising:

Living room
Kitchen
Office/third bedroom
Two further bedrooms
Bathroom
Cupboard

The Opportunity

The Ironstone Wharf is a well established pub based on the main A18 to Scunthorpe. The pub already has a great reputation, and has the ability to expand its trade with the inclusion of food into the offering. The function room could become a restaurant area or even become an exclusive area used to host more functions. The outside space is a great opportunity to expand the current offering. There is also the chance of developing the whole plot, subject to planning. The business doesn't currently have much (if any) of an online presence and the addition of online advertising will undoubtedly have a positive impact on trade.

Staff

Our client works in the business with the assistance of four members of staff.

Trading Information

Year ending January 2024 - turnover £180,371 adjusted net profit £20,000.
Year ending January 2023 - turnover £203,919, adjusted net profit £38,773.
Year ending January 2022 - turnover £165,288, adjusted net profit £37,343.

Trading Hours

Monday 11 am–10 pm
Tuesday 11 am–11 pm
Wednesday 11 am–10 pm
Thursday 11 am–11 pm
Friday & Saturday 11 am–midnight
Sunday 11 am–11 pm

Business Rates

Confirmation of business rates payable should be obtained from the local authority.

Regulatory

Premises licence.

Energy Performance Certificates

EPC 1

Brochures

The Ironstone Wharf, Station Road Gunness, Scunthorpe, DN15 8SX

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Althorpe Station0.2 miles
  • Scunthorpe Station3.2 miles
  • Crowle Station3.6 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5455532-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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