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Licenced Trade, Pubs & Clubs, County Durham

£549,950

Business rates & charges may apply

Ernest Wilson & Co Limited, EW Leeds
SIZE

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SECTOR

Pub for sale

Key features

  • Multi-faceted streams of income
  • Large flat site of circa 0.4 acre
  • Development potential
  • Very realistically priced to sell

Description

RESTAURANT AND SPECIAL EVENTS FUNCTION SUITE in County Durham for Sale.

A well-known and much loved entertainment venue which is the central hub of this seaside town community on the Durham coast. Located between Sunderland and Durham this town boasts beautiful beaches and a thriving and rapidly expanding community. Substantial detached property on a stand-alone site, surrounded by a densely populated local community and offering a social sports bar featuring live sports events on many flatscreen TV’s (including a 231 inch screen), eight-ball pool and darts areas, a highly acclaimed restaurant (privately operated on a licence to trade). First floor 220 seat function suite which hosts weddings, parties and special events including discos, wrestling and boxing events and tribute acts. A huge outdoor decked terrace is popular with families during the sunnier months. The restaurant accommodates 50 diners and has a superbly equipped commercial catering kitchen.

The property also incorporates four letting rooms for paying guests and / or can be used as staff accommodation. Three, single bedroomed rooms currently let for £450 per calendar month, the fourth, a two-bedroomed flat rents for £500 per calendar month. This is a multi-faceted stream of income business that is well-established and extremely profitable, especially if run by hands-on owner operators. There is considerable additional income from several gaming slot machines on the property. The restaurant has only been open a very short time but already takes circa £5,000 per week in sales and this is increasing as word gets around. The main sports bar and venue business generates between £8,500 and £11,000 per week depending on function room hire and events.

The property and business are being sold as a whole and represent tremendous value for money. Alternatively, the club stands on a site of approximately 0.4 of an acre, (1,630.32 sq m or 17,548.58 sq ft) and might therefore have some development potential (subject to planning). The building interior extends to circa 876 sq m over ground and first floors. The business is currently run entirely by staff as the owners live abroad, hence their desire to now sell the business and property. EPC Band C.

About Ernest Wilson & Co Limited, EW Leeds

The Business Centre, Deanhurst Park, Gelderd Road, Gildersome, Leeds, LS27 7LG

Selling a Business?

Selling a business in the UK? We’ll be with you every step of the way

Selling any business can be a daunting task, but even more so when you’ve worked hard to build your own. That’s why finding the right business transfer agent is so important; you need to trust that you are working with people who have your best interests at heart.

That’s exactly what you’ll find at Ernest Wilson. Our clients’ interests are at the forefront of everything we do, and we’re pleased to have built a reputation based on our passion for what we do, implicit trustworthiness and thousands of recommendations over the last 60 years. Selling your business can be a time of mixed emotions, but we’ll be with you every step of the way.

Ernest Wilson is the leading business transfer agent with offices throughout the UK. We will never ask for payment in advance, not only do we have the necessary expertise to correctly value your business, we also have the resources to professionally market that business and obtain the best possible price in the market.

No advance payments

We don’t believe in asking for payment in advance, so we simply won’t do it. We often find that those who do are more interested in obtaining your signature than finding you a buyer, leaving their clients underwhelmed by the lack of advertising and efforts put in to selling their business.

Our advice is straight forward: if an agent asks for any payment from you in advance, don't use that agent.

Confidential, discreet support

Selling your business calls for discretion balanced with commerciality. We know that simply putting up a For Sale sign often does little more than set tongues wagging and unsettle your staff, and we’re pleased that we sell over 99% of businesses without the need for one.

We don’t give out details of your business to a potential buyer unless they are registered with us. Only then will they receive the full particulars of sale on your business. Our drive, passion and attention to detail in selling your business means we’ll only introduce it to people who are the very best fit.

Unrivalled, interested contacts

Our database of potential buyers is unrivalled by other transfer agents, and we’re proud of our relationships with potential buyers that allow us to understand exactly what they are looking for – meaning we can sell your business faster.

We offer local, regional and online advertising, and have extensive links to finance through a variety of financial institutions which help to complete your sale.

Thinking of Selling

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Disclaimer - Property reference 590485. 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 Ernest Wilson & Co Limited, EW Leeds. 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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