Durham Freehold And Free Of Tie Public House For Sale

Business description

FREEHOLD & FREE OF TIE PUBLIC HOUSE - COUNTY DURHAM
Popular business at the heart of the local community
Annual turnover of £82,244 with good gross profits
Superb 3-4 bedroom owners' accommodation
Early viewing strongly advised
Popular market town of Crook
Long established business
FREEHOLD


Business History

We are delighted to offer to the market this superb freehold, free of tie public house that has been established since c1860 and has been in the capable hands of our client for the past 12½ years. The only reason this excellent opportunity is being made available is due to our clients desire to take well deserved retirement. Since owning the business our clients have continued to invest time and money on the premises including updating the decor to the point that they are in full walk-in condition for any prospective purchaser. We are advised of an annual turnover of £82,244 with good gross profits which is derived from 100% wet sales. The business lies at the heart of the local community and is a popular meeting place for many local organisations including the Labour Party, Coors Brewery, the allotment society and the local pool league. The business is also supported locally by 2 pool teams and a regular ladies and gents darts team in addition to being known throughout the local area as a popular live music venue. The business also has great potential for an increase on turnover as it is run at a pace to suit our clients lifestyle, the addition of longer trading hours and the introduction of bed and breakfast to the business could easily be implemented. Due to the size of this freehold property there is also the possibility to further extend the business premises (STPP). This is an outstanding opportunity to purchase a long established and thriving business and as such early viewing is highly recommended.

Property information

Property:

Freehold

Living accommodation:

Outstanding freehold, former coaching house which has been established since c1860 and has stunning 3-4 bedroom owners' accommodation with wonderful landscaped gardens, briefly comprising: GROUND FLOOR Secure entry leading to superbly presented main bar with approximately 20 person capacity, walk through to pool/ games room, access to dedicated smoking shelter and rear beer garden, small kitchen, ladies and gents toilet facilities, main lounge with approximately 50 person capacity and behind bar access to cellar. Stairs from main bar to first floor private accommodation. FIRST FLOOR 3 x spacious double bedrooms, 1 x office/single bedroom, 2 x bathrooms, dining room, large lounge with feature fireplace and fully fitted spacious kitchen. ADDITIONAL FLOOR Cellar EXTERNAL Dedicated smoking shelter, large car park and beautiful landscaped gardens.

Location:

This outstanding freehold, free of tie public house is located on the main road that runs through the popular town of Crook in County Durham. It is surrounded by high density housing which is ideal for a business of this nature. Crook is a popular market town and is situated approximately 10 miles to the southwest of Durham, it is most famous for the exploits of its amateur football team which has won the FA Amateur Cup on 5 occasions. Crook is reached easily via the A690, the A68 provides access to nearby Darlington whilst the A1M which is approximately 9 miles away provides access to the north and nearby Newcastle and to the south providing further access to the UK's wider motorway network.