Pub for sale

Rawtenstall, Lancashire, BB4

£59,995

Property Description

Commercial information

  • Business for sale

Key features

  • Ref:14408 D
  • Leasehold

Full description

Business
Hilton Smythe is welcoming to the market The Red Lion. An extremely well established public house situated on New Church Road, Rossendale

The Red Lion has been a trading public house for over 200 years. Our clients have built an excellent rapport with the locals and have created a friendly/local pub. The Red Lion hosts a lot of charity events, including an annual bake off, which is well known in the town. The pub is especially busy for football matches displayed on the TV's in the lounge area.

Our Clients have created a good Facebook page, with regular posts of recent or up -coming events. The pub also benefits from a lot of word of mouth recommendations, the local funeral directors recommend this pub for wakes.

The Red Lion is well presented, creating a cosy and inviting atmosphere with an open fire in the colder months. To the side is the attractive beer garden area with seating for the warmer months.

There is so much potential and scope to improve at this particular public house, benefitting from the upstairs being a large 3 bed flat. This can be used as owner’s accommodation, or if the new owner is looking to change to a restaurant, this could be adapted into separate dining areas. The access to upstairs is currently behind the bar, however there is space to move the bar and have the upstairs access open to customers.

The pub is also Free of tie for wines, spirits and soft drinks.

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

This is a great opportunity for a purchaser looking to get into the trade, and would also be suitable for all types of people, including a family looking for a lifestyle change. This pub already has a fantastic reputation and the foundations to build upon. utilising social media, booking websites, advertising and extending opening hours would benefit the healthy turnover the business already has.



Location
The Red Lion is situated on New Church Road, Rossendale, Nr Rawtenstall in Lancashire.

The business benefits from its own car park at the front of the premises and is just a 10 minute walk to the busy town centre.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.

Rossendale is also well served by the A-roads, with the A681 and the A56 being within easy driving distance of the business, which links to the M65 motorway network.



Premises
Our clients took over the business in 2012 and completed a refurbishment

Basement
Cellar with easy access drop point.

Ground floor
Open plan lounge with ample seating
Male and female toilets
Kitchen
Bar area which serves the main lounge, and an adjoining tap room.
2 Traditional open fire places
TV screens

First floor
2 Double rooms
1 Single room
Kitchen
Bathroom
Lounge
Loft storage space

External
Car parking at the front for aprox 6 cars as well as street parking.

Well designed and maintained beer garden at the left side of the building. The bear garden has lots of potential to be expanded through to the back of the premises. Boasting lovely countryside views.
Fire escape



Tenure
We are advised the business is leasehold with 2 years remaining on the current lease.  The lease is renewable.

Rent is £19,134 per annum.



Hours
Monday to Wednesday 17.00 – 23.00
Thursday 17.00 – 12.00
Friday 16.00 – 12.00
Saturday 12.00 – 01.00
Sunday 12.00 – 23.00



Staff
Owner ran with 7 part time staff members.



Financial Profile
According to the latest set of accounts (2015-2016) the business reports turnover at £170,000 with gross profit of £80,000




Nearest stations

  • Accrington (5.5 mi)
  • Huncoat (5.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299078 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 stations

  • Accrington (5.5 mi)
  • Huncoat (5.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299078 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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