Freehold Public House In Luton For Sale

Business description

Bag a Business Ltd is delighted to offer to the market The Great Northern public house, which was established over 180 years ago and has been in our clients' careful ownership since 1985. The business is only now reluctantly offered to the market due to ill health. This is a freehouse and benefits from a more mature and regular clientele, as well as a vast amount of passing trade and the prices are very competitive. Being a freehouse, the business has excellent purchasing power and the benefits are passed on to the clients. Currently the public house is run by a manager with the help of three staff members, therefore there is scope to increase turnover by the business being owner run and increasing the prices, as well as introducing food sales. Planning permission has been granted for a three-storey extension making the property a lucrative piece of real estate. The business has a net profit of £40,000 (fully managed), and the barrelage is 250 plus. Early discussions with Bag a Business Ltd must come highly recommended.

Property information

Property:

Freehold

Living accommodation:

PROPERTY DETAILS Freehold public house, next door to a large hotel, briefly comprising: GROUND FLOOR . Table/chairs and perimeter seating . Fully equipped bar . Double refrigerator . Glass washer . Ice machine . WCs FIRST FLOOR . Lounge . WC . Kitchen EXTERNAL . Yard

Location:

The Great Northern public house is situated in the town centre of Luton, Bedfordshire. The business is centrally located next to the busy bus and railway stations, as well as the Arndale Centre. There is ample car parking within the area and the public house is next door to a large hotel. The immediate area is undergoing redevelopment and is soon to be pedestrianised. Luton is very conveniently located close to the M1 motorway and is well served by Luton Airport.

Other information

Trading hours:

24 hour licence Mon - Fri: 10.00am - 11.00pm Sat: 10.00am - 12.00am Sun: 11.00am - 11.00pm

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