A Special Community Pub For Sale

Business description

A SPECIAL COMMUNITY PUB WITH HUGE POTENTIAL TO DEVELOP CATERING AND LETTING BEDROOMS ON THE OUTSKIRTS OF STANLEY COUNTY DURHAM.

• Turnover for the year ended 2008 £197,599 inc V.A.T. on partial openings and run under management with available net operating profits of £25,500 p.a.
• Only open 33% of its available trading times ( could build sales to above £350,000 by using this opportunity)
• Locals bar (80), Restaurant (69) beer garden (40).
• Large 3 bedroomed owners flat.
• Seven letting bedrooms in excellent repair with two house bathrooms with possibility to add more.
• Circa 150 barrlals per annum.


THIS PUB STILL HAS THE SUPPORT OF THE LOCAL COMMUNITY AND HAS THE ADDED BENEFIT OF LETTING ROOMS AND A FOOD OPERATION OFFERED FOR SALE BY WAY OF A FREEHOLD AT £295,000 TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.


“Back page”
LOCATION (DH9 8LB)

Stanley has recently benefited from considerable regeneration and this has manifested its self as new small and medium size businesses and larger employers. This has gone a long way to maintain high levels of employment and the resultant financial growth. Many people have now bought their own homes and there is still a strong sense of community that has disappeared in many of the countries other regenerative areas. The property occupies a corner position and is close to other shops and local amenities.



PROPERTY DESCRIPTION

Brick built under a slate roof this is a building fit for purpose the MAIN BAR (80) is L shaped with varnished floor, fixed and loose seating with wick’s to the rear. The restaurant (69) is next to the main bar and could be opened up to join the two trading areas together, it has it’s own bar and to the rear is a fully fitted catering kitchen. On the first floor are seven letting bedrooms all in excellent decorative order with two well-fitted bathrooms. This area has previously been let out as a tanning and beauticians studios and would lend it’s self to a similar usage. The cellar is traditional underground and has modern cellar cooling.


OWNERS ACCOMMODATION
The owners accommodation comprises of three bedrooms a sitting room, office and bathroom with the possibility of further bedrooms.

EXTERNALS

To the left hand side of the front elevation there is a beer garden and across the rear of the pub is further facility for picnic tables (40).


PREMISES LICENSES

The premises currently open for Thursday trough to Sunday 6pm until 1.30 am. Although it is licenced for 10am until 1.30. am.

TENURE

We are instructed by our clients to offer the business for sale by way of a freehold sale to include fixtures and fittings, goodwill plus S.A.V

SERVICES
We are advised that the pub benefits from all main services electric, water, mains sewage and the cooking id done with gas, as is the central heating. The business rates are £4,035 per annum.

THE BUSINESS

The business is run on limited opening and under management, our clients are fully committed to there other business interests and need to free up time, hence the sale. The current year sales figures are turnover £197,599 Inc V.A.T. with available net profits of £25,500. The restaurant only opens on a Sunday and the bedrooms are not now in use this clearly offers an opportunity to develop business further. We believe that a turnover of £350,000 is easily achievable and this represents excellent value.

AN EARLY VIEWING OF THIS PROPERTY IS ESSENTIAL TO ENABLE THE FABULOUS OPPORTUNITY WAITING TO BE FULLY APPRECIATED.

Property information

Property:

Leasehold