Pub for sale
The Pickled Parson, Sedgefield, Stockton on Tees, TS21 2AB
Guide Price
£690,000
Property Description
Commercial information
- Business for sale
Key features
- Imposing pub-restaurant with rooms
- Elevated, central village position
- Bar & restaurant c. 70 covers
- 9 immaculate en suite letting bedrooms
- Annual Turnover £557,174 net of VAT
- Adjusted Net Profits c. £100,000. Energy Rating E
- Christie & Co Ref: 6450448
Full description
Tenure: Freehold
Description
A superbly presented Coaching Inn which has been refurbished to a very high standard throughout.
The business benefits from multiple income streams by way of food, beverage and accommodation sales.
Turnover is healthy and there are still opportunities to develop the business further.
Winner of Living North 'Accommodation of the year' award for 2019.
The Pickled Parson of Sedgefield occupies an elevated and prominent position in the centre of an affluent village in County Durham, adjacent to the village green.
The business forms party of a long-established drinking and dining circuit which is popular with locals, but also benefits from tourist trade.
The trade area on the ground floor is divided into two main rooms; a well presented bar, lounge and dining area, with bar servery and combined seating for circa 70 customers.
Fixtures & FittingsWe have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory.
We are advised that the trade fixtures and fittings are substantially free from loan, lease or hire purchase agreement.
Arranged over the first floor are nine, immaculately presented en suite letting rooms which are individually decorated to a very high standard.
The OpportunityThis business provides the opportunity for an experienced operator to benefit from the hard work and investment the vendors have put in to the property over recent years and to take over a business that is well performing but has growth potential.
The pub would suit either a multi-operator who could continue to run the site under management, or an owner-operator who could seek to significantly reduce wage costs by working in the business themselves.
The property is offered in turnkey condition with no investment required.
This business is entirely staff run without any day to day involvement of the owners.
Trading InformationTurnover for the period 1st June 2019 - 30th September 2020 (12 full months, excluding 4 months of interrupted trade due to COVID-19 pandemic/lockdown) was £557,174. Further detailed trading information can be provided to seriously interested parties on request.
Trading HoursMonday - Saturday; 7am - 10.30am and 12 noon - 9.30pm
Sunday; 7am - 10.30am and 12 noon - 6pm
The Rateable Value as per the April 2017 ratings list is £23,750. Confirmation of business rates payable should be obtained from the local authority.
RegulatoryPremises Licence.
More information from this agent
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Energy Performance Certificate (EPC) graphs
Nearest station
- Newton Aycliffe (6.2 mi)
Broadband
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To view this property or request more details, contact:
Christie & Co , Newcastle Upon Tyne
Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQHow much will it cost me to call the number displayed on the site?
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Nearest station
- Newton Aycliffe (6.2 mi)
To view this property or request more details, contact:
Christie & Co , Newcastle Upon Tyne
Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQHow 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.
Disclaimer - Property reference 6450448-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 , Newcastle Upon Tyne. 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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